Press Releases

Westfall Technik, Inc., a global holding company that provides superior manufacturing solutions for the production of plastic parts in the medical, packaging, and consumer goods industries, announced today the acquisition of Carolina Precision Plastics, LLC (d/b/a “CPP Global” or “CPP”) and its wholly owned subsidiaries. The deal greatly strengthens Westfall’s geographic footprint by adding its first plants in the southeastern United States, specificall

Enterprise Products Partners L.P. and NOVA Chemicals Corporation today announced that a subsidiary of Enterprise has acquired a wholly owned subsidiary of NOVA Chemicals, which operates an ethylene storage business and trading hub in Mont Belvieu, Texas. NOVA Chemicals, one of the largest merchant ethylene producers and marketers on the U.S. Gulf Coast, will be a long-term storage customer in the Enterprise system. “The acquisition, which gives Enterprise ownership of the larg

Orion Engineered Carbons S.A., a leading global supplier of specialty and high-performance carbon black, announced today that effective August 1, 2021, or as permitted by customer contracts, the company is increasing prices on all rubber carbon black products sold in the EMEA region. Due to rising operating, logistics and environmental costs required to maintain service levels, it is necessary to adjust prices for rubber carbon black by an average of €110 per ton. In addition,

Quadion LLC, d.b.a. Minnesota Rubber and Plastics (“MRP” or the “Company”), a leading provider of highly engineered elastomer and thermoplastic solutions for the Medical, Water, and Industrial end markets, announced today its acquisition of Pawling Engineered Products (“Pawling”), a Pawling, New York-based custom elastomeric inflatable seal and extruded solutions provider. “We’re thrilled to add Pawling, a company with a 75-year histor

Spartech, a leading manufacturer of engineered thermoplastics and custom packaging solutions, has earned certification to the standard NSF/ANSI 51, Food Equipment Materials, for its Polycast FDA Cell Cast Acrylic Sheet from global public health organization NSF International. NSF International standards serve as the benchmarks by which all commercial foodservice equipment products are measured. Certification signifies to customers, specifiers and health departments that these produc

S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today launched six new daily price assessments for recycled plastics in the US, Europe and Southeast Asia spot physical markets. Underpinned by a robust price assessment methodology, the new assessments of three recycled polymer types (R-HDPE, R-PP and R-LDPE) are the first-of-kind in their respective regions and will help market participants understand

S&B Engineers and Constructors (S&B) was awarded an engineering and construction contract with Chevron Phillips Chemical to engineer and build the company’s second U.S. world-scale unit to produce on-purpose 1-hexene. The asset’s location will be in Old Ocean, Texas, near Chevron Phillips Chemical’s Sweeny facility. S&B completed Chevron Phillips Chemical’s first U.S. 1-hexene unit in 2014 at its Cedar Bayou plant in Baytown, Texas. The project ea

Styrenics Circular Solutions (SCS), the value chain initiative to increase the circularity of styrenic polymers, today welcomed European Plastics Converters (EuPC) as new member. EuPC is the professional representative body of 55.000 plastics converters in Europe, whose activity embraces all sectors of the plastics converting industry, including recycling. Their members include national plastics organisations, as well as sector organisations within the plastics converting industry.

Huhtamaki, a key global provider of sustainable packaging solutions, introduces Smilepack, a 100% plastic free molded fiber egg carton, in the United States and Brazil. Smilepack cartons are Huhtamaki's first product designed especially for the U.S. egg industry, providing a sustainable and functional alternative to traditional polystyrene foam or plastic packaging for eggs. In the United States, the egg packaging market is expected to reach $405 MN at a CAGR of 4.38% by 2025*.

The "Polyester Resin: Global Markets" report has been added to ResearchAndMarkets.com's offering. The report offers an exhaustive description and evaluation of the global polyester resin market. It provides in-depth qualitative and quantitative insights, aligning with the goals and objectives of our intended customers. Projections are verified through intensive primary and secondary research. This report will enable clients to invest in the global polyester r

Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that its Board of Directors authorized a quarterly dividend of $0.08 per share. The dividend will be a cash distribution payable on July 22, 2021, to shareholders of record as of the close of business on July 8, 2021. Tax Considerations Trinseo is a public limited liability company formed under the laws of Luxembourg.  Under

Liquibox’s bag-in-box flexible packaging production facility in Auckland, New Zealand, takes action to tackle climate change, proving their commitment to create a more sustainable future just a month after the release of the company’s first ever Sustainability Report. Through a new partnership, they will be able to divert 50,000 kilograms of plastic from the landfill each year. In their Sustainability Report, Liquibox outlined their roadmap to minimize their environmenta