Featured Articles

The Plastics Exchange wins $25 million investment from Q Lotus

By PlasticsToday Staff
Published: May 4th, 2011

Plastics spot-trading platform and market intelligence firm, The Plastics Exchange, has signed off on a loan of up to $25 million from Q Lotus Holdings, with funding expected to close within 30 to 90 days. Brad Friedman, assistant VP of Q Lotus, told PlasticsToday that his firm views TPE as "innovators who emerged as the sole survivor of the plastics and petrochemical e-commerce efforts."

Injection molding: Engel expands in Germany

By PlasticsToday Staff
Published: May 4th, 2011

The year in progress is shaping up to be a banner one for Engel in Germany, its most important market, with record revenue expected there. As a result, the Austrian injection molding machine manufacturer is expanding, with new sales and service employees as well as an expanded footprint at the company's automation center in Hagen.

Plastics packaging: L’Oréal taps Plasticum for custom CLUBE tubes

By Matt Defosse
Published: May 4th, 2011

The global beauty care brand owner has bought a mold and installed it at Dutch processor Plasticum, which is using the tool to supply L'Oréal with bi-material injection molded plastic tubes that beat extruded ones for design and novelty.

The Hedging Corner: Plastics and oil, inextricably linked

By Tom Langan
Published: May 3rd, 2011

The transparency and, therefore, fairness of resins prices in physical (i.e. cash) markets is a top concern among processors. Most other commodity markets are far more transparent than resins. Finding current prices for energy, metals, grains, etc. is primarily a matter of checking the futures markets in those commodities.

TPE resin pricing: PE up $0.01/lb, PP rises $0.03/lb; demand destruction imminent as PP pierces $1.00/lb

By PlasticsToday Staff
Published: May 3rd, 2011

The spot resin markets saw a flurry of activity as April came to a close, with the flow of material called surprisingly good by spot-trading platform, The Plastics Exchange (TPE). The material placed into the market was met with strong buyer interest, and because of this, TPE noted that the ratio of completed transactions to total inquiries was high.

Onex sells Husky to Berkshire, Canadian pension fund

By PlasticsToday Staff
Published: May 3rd, 2011

For the second time in less than four years, Husky Injection Molding Systems has been sold, once again shifting ownership after the company spent more than half a century under its former owner and founder, Robert Schad.

Ethane advantage lifts LyondellBasell’s first-quarter polyolefins business

By PlasticsToday Staff
Published: May 2nd, 2011

Polyolefin giant LyondellBasell (Rotterdam, Netherlands) saw its first-quarter 2011 EBITDA shoot up 84% over the previous quarter and 119% from the year-ago quarter, citing expanded margins. The company booked net income of $660 million off sales of $12.3 billion, which were up 15% from the previous quarter. 

Cereplast to build new bioplastics manufacturing plant in Italy

By PlasticsToday Staff
Published: May 2nd, 2011

Sustainable plastics manufacturer Cereplast (El Segundo, CA) will establish a 100,000 tons/yr bioplastics manufacturing plant in Italy, bringing production into the region that generates 85% of its business. The eventual 100,000 tons (220 million lb) of capacity will be built out in several phases, with 50,000 tons of initial production expected to start up in late-2012. The second 50,000-ton phase is planned to begin in mid-2013, based on market demand.

Plastics supply news: Bayer boosting PC capacity in Europe

By PlasticsToday Staff
Published: May 2nd, 2011

Plastics and chemicals supplier Bayer MaterialScience has announced its intent to spend about €90 million to boost the company's polycarbonate capacity in Europe. The investment eventually will bring total annual capacity of its plant in Uerdingen, Germany to 400,000 tons, about 70 kilotonnes more than at present.

New plastic under development for B&C industry

By PlasticsToday Staff
Published: May 2nd, 2011

Plastics and chemicals supplier Total Petrochemicals is working on a new type of expandable polystyrene that it will offer to the building and construction industry. The new material should be ready for commercial sales in 2013.

Total Petrochemicals' research team has developed the new plastic's formulation and production technology, and says the material will offer technical and insulating properties significantly better than those of conventional white EPS.

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