Featured Articles

Exxon’s Singapore expansion on schedule; Vistamaxx broadened

By PlasticsToday Staff
Published: April 27th, 2010

The construction of what will be ExxonMobil's largest integrated chemical and refining complex continues apace with the arrival of seven world-scale furnace modules in Singapore. The furnace modules, which are about 50m tall and weigh more than 2000 tons, employ proprietary technology and are part of a feed-flexible steam cracker that will have ethylene production capacity of more than 1 million tons/yr.

Plastics M&A rose in ’09, led by distressed deals

By PlasticsToday Staff
Published: April 26th, 2010

In spite of transaction statistics that show deal activity increased in 2009 compared to 2008, last year was a challenging one for global plastics and packaging M&A. P&M Corporate Finance (PMCF; Southfield, MI), an affiliate of Plante & Moran, tracked 340 transactions globally in the plastics and packaging industry for 2009, up 13% from 2008's 301 deals. Looking closer, however, it found that a significant number of those deals in 2009 were "distressed."

LyondellBasell emerges from bankruptcy reorganization

By PlasticsToday Staff
Published: April 26th, 2010

After a 15-month reorganization, chemical and polyolefin giant LyondellBasell is projected to emerge from Chapter 11 protection on April 30, 2010, cutting its debt from $24 to $7.2 billion. Andreas Anker, head of global marketing communications, told MPW during a visit to the company's office in Frankfurt, Germany that the reorganization was approved last Friday, April 23, and that the company expects to be listed on the New York Stock Exchange (NYSE) by the third quarter.

Solar power keeps prospects bright at Echo Molding

By Matt Defosse
Published: April 26th, 2010

When it added a 230-kW solar array to the roof of its 35,000-ft2 facility one year ago this month, Echo Molding's management hoped to reduce their company's electricity bill. Turns out, they reached that goal, made some money, and soon saw that customers were won over by the processor's sunny side, too.

R-PET takes the heat

By MPW Staff
Published: April 26th, 2010

The U.S. Food and Drug Administration (FDA) has given approval for yet another category, J, to recycled PET processed on Vacurema recycling systems, so that now the material processed through these machines is approved for re-use in food packaging even if temperatures rise above 120°C (250°F) during heating.

Online ‘compass’ helps you navigate K show

By MPW Staff
Published: April 26th, 2010

Experienced visitors to the triennial K show in Dusseldorf, Germany, the largest event in the plastics industry, know that a well-planned visit is important to ensure you can optimize your time at the event. With about 3000 exhibitors there, with products and services covering every aspect of the global industry, processors stand to benefit enormously from any time they put into prior planning to ensure they find what their business needs.

Eastman considers sale of its PET business

By Matt Defosse
Published: April 23rd, 2010

Plastics and chemicals supplier Eastman Chemical announced early today (April 23) it is considering divesting its polyethylene terephthalate operations. Eastman is one of the world's largest suppliers of PET, but its plants are all in the Americas, where PET demand has stalled.

Injection molding: New tax gives advantage to Chinese machine makers

By Stephen Moore
Published: April 23rd, 2010

A change in how the Chinese government applies the VAT on injection molding machines seems certain to help the country's local manufacturers and could also hinder imports. Able to profit from the change is Demag Plastics Machinery (Ningbo) Co., with the company expanding to meet fast-growing demand, and working even more closely with high-end Chinese mold and auxiliary equipment manufacturers. 

Teijin taking advantage of 3D craze

By Matt Defosse
Published: April 23rd, 2010

3D movies are hot, 3D television is coming, and the third dimension is being added to film used in mobile telecommunication devices too. Teijin Chemicals already claims more than 60% of the market for polycarbonate retardation film for circular polarizer 3D glasses, and now reports it intends to increase sales even more.

Italian, Taiwanese firms join to serve China’s plastics extrusion market

By Stephen Moore
Published: April 23rd, 2010

A new joint venture is being formed in China by Taiwan's Shini Plastics Technologies Inc. (Taipei) and Italy's Syncro srl (Busto Arsizio) to serve the automation needs of processors of extruded products. The venture opens China's fast-growing market to Syncro's products while helping Shini expand its customer base, to now mostly injection molders.

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