According to the IK ( Industrievereinigung Kunststoffverpackungen , or Industry Association for Plastics Packaging; Bad Homburg, Germany), in the first half of 2009 one-third of the country’s plastics packaging processors were forced to reduce workers’ hours as a result of falling demand. The...
Polypropylene (PP) contract and spot prices climbed sharply in Europe according to Polymerupdate , due to strength in upstream propylene, tight regional availability, and good demand. Homopolymer injection molding PP contracts rose to €905/tonne FD Northwest Europe, with copolymer at €945/tonne FD...
Low-density polyethylene (LDPE) prices shot higher in Asia last week, according to Polymerupdate , with CFR Far East Asia prices at $1245/tonne for general-purpose grades and CFR Southeast Asia prices at $1255/tonne. Limited spot availability and rising naphtha and ethylene helped feed the pricing...
Swiss injection molding machine manufacturer Netstal has bundled its organization and processes for trading, overhauling, and selling used machines under the brand of “Original Netstal Revised” in a move it says will help the company to more effectively and actively pursue this market. A dedicated...
Global industrial robot supplier Stäubli Robotics (Duncan, SC) has formed a new strategic partnership with automation specialist Rixan Associates Inc. (Dayton, OH), in which the latter concentrates on co-sales and marketing in the central states of the U.S. The customer is said to benefit from...
India’s processors serving the automotive market can expect some new polypropylene grades to be available soon, as Borouge announced it will work with Indian compounder Machino Polymers Ltd. , a compounder based in Gurgaon, India. Borouge is a JV between Borealis (Vienna, Austria) and ADNOC (Abu...
Gerresheimer AG (Düsseldorf, Germany) has sold its Technical Plastics business unit to the FBH Group (Bad Soden, Germany), a holding company, for €12 million. The sale strips away the last of the non-core plastics processing operations that Gerresheimer owned after its acquisition of injection...
Polyethylene (PE) spot prices were mostly higher last week as spot availability remained tight, according to spot-trading platform, The Plastics Exchange (TPE), and its reporting partner, The PetroChem Wire . Looking forward, producers are pushing a $0.03/lb increase in July, with several...
Polypropylene (PP) contract prices climbed in Europe last week, according to Polymerupdate , with homopolymer injection molding grades reaching €855/tonne FD Northwest Europe and copolymer prices hitting €895/tonne FD Northwest Europe. PP producers polled by Polymerupdate reported settling their...
Linear low-density polyethylene (LLDPE) prices in Asia edged higher last week, gaining on growing buying interest, according to Polymerupdate . CFR Far East Asia prices reached $1210 to $1220/tonne, with CFR South Asia prices hitting $1240 to $1250/tonne. July Middle East LLDPE shipment offers were...
