Sabic, Sinopec adding 260kt of polycarbonate capacity in China

By Matt Defosse
Published: May 17th, 2011

Guangzhou—The two plastics and chemicals suppliers, already joint venture partners in plants in China for polyethylene and polypropylene, announced yesterday at the Chinaplas trade show that they would build a new 260,000 tonne/yr polycarbonate plant, online in 2015.

Reifenhäuser strategically realigns in China

By Stephen Moore
Published: May 17th, 2011

Guangzhou—Subway construction in Suzhou could not have come at a better time for Reifenhäuser (Troisdorf, Germany), whose Chinese manufacturing plant for blown film lines lies within the city limits. Six years after start-up at Suzhou, the facility is in the process of shipping its last two lines. Reifenhäuser had acquired an adjacent site for expansion but the local government is now taking back land including Reifenhäuser's existing site due to its proximity to an under-construction subway line.

Braskem utilizes Brasilplast as a springboard for news, new products

By Tony Deligio
Published: May 17th, 2011

Braskem's outsized 2000-sq-m stand dominated the Anhembi show floor at last week's Brasilplast in São Paulo, but the company believes that its investments in vinyl, bioplastics, and conventional polyolefins will be what keeps the South American plastics and chemical maker at the market's forefront.

The Hedging Corner: It’s all about margin – Part I

By Tom Langan
Published: May 17th, 2011

Ask different risk managers the primary purpose of hedging and you will get different responses depending on portfolios and company objectives: cost control, budget and forecast certainty, job and business security, competitive advantage, customer loyalty, etc. However, in my opinion, for most manufacturers, the primary purpose of hedging should be to secure and improve profit margins.

Dow’s Thai elastomer JV to startup June 1

By PlasticsToday Staff
Published: May 17th, 2011

Dow Chemical will have nearly 2 billion lb of polyolefin elastomers capacity as of June 1 when its new specialty elastomers plant begins commercial manufacturing operations. Located in Rayong Province, Thailand, the SCG-Dow joint venture completed a successful startup on May 17, laying the groundwork for full-scale operations in two weeks time.

TPE resin pricing, May 9-13: PE mixed, PP down $0.02/lb; offline ethylene capacity impacts market

By PlasticsToday Staff
Published: May 17th, 2011

Spot resin trading was subdued again last week, with material availability increasing and prices that were mixed but mostly lower. Spot-trading platform, The Plastics Exchange (TPE), noted that spot demand has slowed as resin prices have soared, with many buyers, particularly those who have trouble passing along increases, limiting resin purchases to only what is needed.

Lear opens electrical systems plant in Morocco

By PlasticsToday Staff
Published: May 17th, 2011

Lear Corp.'s (Southfield, MI) Electrical Power Management Systems business has opened a 14,340 square-meter facility in Rabat, Morocco to supply European automakers including BMW, Renault, and Volkswagen. At this time, the facility has 130 employees but has plans to employ approximately 230 by the end of 2011.

Nokia tooling director to address SPE’s inaugural European technical conference

By PlasticsToday Staff
Published: May 16th, 2011

The Society of Plastics Engineers' (SPE) inaugural Eurotec 2011 plastics technical conference (Nov. 14-15, Barcelona) has landed a marquee plenary speaker for its first day, with Finnish mobile phone giant Nokia's director, tooling and molding sourcing to discuss how to manage and maintain quality tooling supply from China.

Plastikos replaces temps with refugees, wins PA employer award

By Clare Goldsberry
Published: May 16th, 2011

Custom injection molder Plastikos Inc. (Erie, PA) was named to Pennsylvania's Department of Public Welfare's Employer Honor Roll as an employer that "best demonstrates a commitment to the Commonwealth's employment and training programs."

Haitian builds strong market position in Brazil

By Tony Deligio
Published: May 16th, 2011

São Paulo—Targeting the country with local representation since 2003, Haitian Plastics Machinery is growing with the Brazilian market, according to Steve Xu, director of Haitian Huayuan South America Comércio de Máquinas Ltda., enjoying annual growth rates of 25-30%. In its eight years in the market, Xu said Haitian has built out an impressive installed base of 4500 machines.

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