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TPE resin prices, July 25-29: PE and PP fall in June & July but spot prices are on the rise; Is the early summer price relief over?

By PlasticsToday Staff
Published: August 2nd, 2011

Spot prices were relatively stable and traded volumes were good as market participants squared up month-end positions to finish July and prepared for a viable price increase initiative in August. Spot-trading platform, The Plastics Exchange (TPE), noted that polyethylene contracts dropped $0.03-$0.04/lb in July, just as they had done in June. Depending on grade and producer, most contract buyers received a total of $0.06-$0.07/lb of price relief.

Material advances will be key to meeting new CAFE standards

By PlasticsToday Staff
Published: August 2nd, 2011

The newly negotiated 2025 CAFE (corporate average fuel economy) standards, which will require a fleet average of 54.5 mpg (4.3 L/100 km), will require the auto industry's current materials portfolio to be augmented, with materials used in power train vehicle systems expected to change the most.

Plastics packaging: Bemis buys Mayor to expand in Asia

By PlasticsToday Staff
Published: August 2nd, 2011

Flexible plastics packaging powerhouse Bemis Company Inc. has acquired Mayor Packaging, a privately-owned converter of consumer and specialty flexible packaging. Mayor is based in Hong Kong but in 2008 it shifted its film conversion processing to a new purpose-built facility in Dongguan, China. Financial terms of the transaction were not disclosed. The most recent sales results reported at Mayor's website are for 2008 when the processor's revenue exceeded (U.S.) $40 million.

Forum questions offshoring of manufacturing from U.S. and poses an answer to it

By PlasticsToday Staff
Published: August 2nd, 2011

Bad news this week out of the U.S. manufacturing sector stoked growing fears that the country will again dip into recession. What can domestic U.S. manufacturers and their engineering teams do today to reduce product costs and retain the quality and customer advantages of designing and building in their primary market, which is often still the U.S.?

Bio-based plastic precursor project gains support

By PlasticsToday Staff
Published: August 2nd, 2011

Plastics and chemicals supplier BASF plans to intensify its collaboration with CSM with the likelihood of a joint venture between the two. The venture will become the leading supplier in the succinic acid market. CSM is a world leader in supply of bakery supplies as well as owner of Purac, a leader in the supply of lactic acid.

After selling PET assets in Portugal, La Seda invests in massive PTA plant there

By PlasticsToday Staff
Published: August 2nd, 2011

In late June La Seda de Barcelona (LSB) announced the sale of its PET plant in Portalegre, Portugal to Control PET SGPS S.A, a plastics and chemicals supplier. The plant, suitable for batch production of up to 70,000 tonnes/yr of bottle-grade PET, had been mothballed since the end of 2010.

Does social media marketing matter for B2B? Part III: Have you had your Tweet today?

By Clare Goldsberry
Published: August 1st, 2011

MAPI members said that Twitter was most effective for connecting with current customers and potential customers, and for addressing service issues. Other uses include keeping customers informed of "relevant company information and production information," and other companies use Twitter as a "crisis communications" tool.

Bioplastics wins award for supplier Cardia, recycling for preform molder APPE

By PlasticsToday Staff
Published: August 1st, 2011

Separate awards and companies but the theme is the same as companies' sustainability efforts continue to garner attention and accolades. This time, its bioplastics supplier Cardia winning the 2011 Asia Pacific Green Excellence in Technology Innovation Award from Frost & Sullivan and, in related news, PET preform molder APPE won the 'Beyond the Package' award in the Greener Package Awards for its PET recycling efforts.

Names in the News: Industrial Molds hires, recycling awards earned, PUR award up for grabs, Quadrant goes 3 years accident-free

By PlasticsToday Staff
Published: August 1st, 2011

Rockford, IL-based injection mold manufacturer Industrial Molds Group announced that Bill Serritella has joined the company as account manager for the medical market. He comes to Industrial Molds Group with many years of experience as a mold maker and working with Fortune 500 medical device companies. Industrial Molds Group specializes in precision injection molds for the medical, automotive and packaging markets. 

Material Thoughts: Evonik, BASF, Cereplast and ColorMatrix

By PlasticsToday Staff
Published: August 1st, 2011

In this edition of Material Thoughts, our look at news in the plastics and additives supply world, we report on Evonik's exit from carbon black, Cereplast green lighting a Turkish processor's supply, BASF racing to new XPS capacity and ColorMatrix pulling into its new R&D center.

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