Published: March 5th, 2014
According to the statistics of Chinese customs, the cumulated amount of plastic products exported from January to July in 2013 increased by 13.7%, compared to 2012 and this increment has decreased by 4.4% on a month-to-month basis.
Published: March 4th, 2014
Ludwigshafen, Germany-based BASF has announced that it has signed an agreement to divest PolyAd Services, part of its plastic additives business unit, to Edgewater Capital Partners, L.P., a private equity firm based in Cleveland, OH. The closing of the transaction is expected to take place in the second quarter of 2014. The parties have agreed not to disclose the financial details of the transaction.
Published: March 3rd, 2014
Leverkusen, Germany - At Bayer's Financial News Conference in Leverkusen on February 28, spirits were high. With good reason: the company celebrated its 150th anniversary in 2013 with a new sales record and good results overall, achieving its operational targets, at least in the life science businesses, despite substantial negative effects caused by the strength of the euro. "We are optimistic for 2014 and plan further growth in sales and earnings," said Management Board chairman Marijn Dekkers.
Bayer MaterialScience slight improvement in volumes
Published: February 27th, 2014
N.E.W. Plastics Corp., which also does business as Renew Plastics, has agreed to stop making allegedly unsubstantiated claims about the recycled content and recyclability of two of its brands of plastic lumber, Evolve and Trimax. Under the FTC settlement, the company must have credible evidence to support any recycling-related claims it makes, and is required to tell its distributors to remove any marketing material for the two products provided by the company before December 2013.
Published: February 24th, 2014
We all know that oil is used to make polymer materials. The reverse - polymer materials made into fuel - is also catching on as improvements in the technology make headway. A recently published paper, Production, characterization and fuel properties of alternative diesel fuel from pyrolysis of waste plastic grocery bags, by Brajendra K. Sharma, Bryan R. Moser, and three others, introduces a new technology.
Published: February 19th, 2014
Published: February 16th, 2014
Dow Building Solutions (Midland, MI) has successfully completed the conversion of its three Styrofoam extruded polystyrene (XPS) foam plants in Japan to a new polymeric flame retardant technology. Dow Kakoh(Tokyo), a joint venture of Dow Chemical and Sumitomo Chemical(Tokyo, Japan), has started producing XPS containing the new polymeric flame retardant PolyFR.
Published: February 5th, 2014
Analysts with Great American Group, a provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services, report that the outlook for the chemicals and plastics sector is optimistic in 2014, due largely to strong forecasted demand from the residential construction and automotive production markets. In 2013, the housing demand exhibited a "resurgence," driven predominantly by the residential construction sector.
Published: February 3rd, 2014
Teknor Apex recently completed the acquisition of Viking Polymers, a custom compounder with a portfolio of specialty formulations with a focus on rigid PVC and related materials for building and construction. The amount of the deal was undisclosed.
Published: January 29th, 2014