Featured Articles

Lear swings to a profit, more than doubles earnings/share estimates

By PlasticsToday Staff
Published: August 3rd, 2010

For the fifth straight quarter, automotive Tier One supplier Lear Corp. (Southfield, MI) increased its earnings, with sales improving by 33% over the year-ago quarter to $3 billion and a profit realized. In the August 3 release of second-quarter financial results, Lear said core operating earnings had increased by $242 million to $190 million, with the three-year sales backlog up half a billion dollars to $1.9 billion and an improved full-year outlook for core operating earnings and free cash flow.

Dow earnings show continued shift away from commodities, but a PE outage's impact on volume drives shares down

By PlasticsToday Staff
Published: August 3rd, 2010

Dow Chemical's efforts in 2008 to park its basic plastics business in a joint venture with Kuwait's Petrochemical Industries Company (PIC) may have ultimately failed, but its subsequent $18.8 billion deal to acquire Rohm and Haas that same year, and create a specialty chemicals and advanced materials company, is already paying dividends and reinforcing the company's bid to move out of commodities and into specialty products.

NPE2012: 20% of expected space already taken in pre-drawing

By PlasticsToday Staff
Published: August 3rd, 2010

Member companies of SPI, the Plastics Industry Trade Assn., specifically those that exhibited in at least 15 of SPI’s past 26 NPE Shows, came out of their “pre-drawing” for exhibit space with more than they expected: about one-fifth of the total anticipated exhibit space is already booked.



TPE North American resin pricing, July 26-30: PE and PP on the rise; PP up $0.09/lb since June

By PlasticsToday Staff
Published: August 3rd, 2010

Overview: Spot resin markets were active last week and sentiment improved as July came to a close, according to plastics spot-trading platform, The Plastics Exchange (TPE). Domestic buyers sought material, which had become scarce by month-end, so that prices rose and fresh price increase letters made their way through the industry, according to TPE CEO Michael Greenberg.

Drying with less energy than ever

By Stephen Moore
Published: August 3rd, 2010

Loss-in-weight control, airflow management and stabilization, an intelligent regeneration process, and advanced industrial PC-based control combine in an auto-adaptive PET resin drying solution that claims to deliver the lowest possible energy consumption.

$130 million moves pharma films business to Bilcare

By PlasticsToday Staff
Published: August 2nd, 2010

India's Bilcare Research spent approximately $130 million (€100 million) to acquire the global film extrusion operation of Ineos, one of the world's largest suppliers of petrochemicals and plastics. A binding agreement between the two, announced today (Aug. 2), includes Ineos' films operations, assets and personnel in North America, Europe, and Asia.

PolyOne generates record operating income from three strategic platforms

By PlasticsToday Staff
Published: August 2nd, 2010

Compounder and distributor PolyOne (Cleveland, OH) swung from a net loss of $1.9 million in the year-ago quarter to net income of $45.7 million in the second quarter of 2010 as revenues increased by 40% and the company pulled in record operating income from its three strategic platforms. From April through June, PolyOne generated $692.9 million in revenue, compared to $496.5 million in the second quarter of 2009.

Toray to debut new film solutions

By PlasticsToday Staff
Published: August 2nd, 2010

Toray Plastics (America) Inc. will showcase leading-edge polypropylene, polyester, and metalized film innovations that the company promises will engage and inspire consumer product goods manufacturers, and converters at Pack Expo 2010 (Chicago; Oct. 31–Nov. 2). The new line of heat-sealable PP white cavitated films are for use in snack food, confectionery, ice cream, and industrial applications.

Faster plastic fusion with strength to boot

By Stephen Moore
Published: August 2nd, 2010

Scheduled to debut at the K 2010 tradeshow this fall are two new devices for laser welding of plastics offering flexibility, faster processing times, and higher seam quality, among other attributes.

PPE/PA blend cuts carbon emissions, is pedestrian friendly

By Stephen Moore
Published: July 31st, 2010

The new RVR compact crossover from Mitsubishi Motors Corp. sports a front fenders molded from Noryl GTX resin supplied by SABIC Innovative Plastics (Pittsfield, MA). This is the second time that polyamide (PA) and modified polyphenylene ether polymer (PPE) blend has scored success in a fender application following the Delica D:5 minivan in 2007.

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