Featured Articles

How do you leave what you built?

By Clare Goldsberry
Published: April 27th, 2010

Many mold shop owners are getting ready to retire or are even well past retirement age, so the question of what to do with the business—especially a thriving, growing business—becomes particularly vexing. One company found an answer.

Invista enters China polyamide market

By Stephen Moore
Published: April 27th, 2010

After announcing its entry into the nylon 6/6 business at last year’s NPE, Invista (Wichita, KS) chose the venue of the Chinaplas Show in Shanghai to announce its launch of an engineering polymers business in China.

Want to learn how to evaluate the resin market?

By PlasticsToday Staff
Published: April 27th, 2010

Plastics processors interested in learning how to evaluate the market and make strategic buying decisions about resin—and get market updates along with a 30-, 60- and 90-day action plan and resin strategy—may want to consider attending the RTi Resin Pricing Forum in Fort Worth, TX on June 8-10. Topics include strategies for saving on the cost of a host of commonly processed resins, plus negotiating tips and outlooks for a number of materials.

TPE North American resin pricing, April 19-23: PE down slightly, PP plummets $0.08/lb

By PlasticsToday Staff
Published: April 27th, 2010

Polyethylene (PE) activity was high last week, but there were more inquiries than actual transactions as prices continued to slide, dropping another $0.01-$.02/lb. Spot-trading platform, The Plastics Exchange (TPE) reported that spot resin availability improved last week, pushing prices lower than when the month began. Producers were unable to implement the $0.05/lb price increase that they sought in April, but contract prices remain $0.18/lb higher for the year.

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.

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