Low-density polyethylene (LDPE) prices dropped in Asia last week as demand dwindled, according to Polymerupdate , with buyers in China leading the retreat. CFR Far East Asia LDPE dropped to $1170-$1180/tonne, with CFR Southeast Asia prices at $1180/tonne. In China, prices dropped by RMB 200/tonne,...
Polyethylene (PE) spot prices firmed last week as supply remained tight and export interest continued, according to spot-trading platform The Plastics Exchange (TPE), and its reporting partner, the PetroChem Wire . Producers have proposed a $0.03/lb increase this month for contracts, but May...
Tempe, AZ-based custom injection molder MedPlast has expanded its Westfield, PA facility to include a 45,000-ft 2 cleanroom, which houses Class 100,000 and 10,000 molding and assembly operations. The expansion brings the amount of space the facility dedicates to cleanroom production to more than 60...
Capital spending is down, way down in much of the industry, but there remain projects that need to be started. Among recent expansions in the extrusion industry is that of Malaysian processor Scientex Packaging Film Sdn Bhd , which recently ordered a cast stretch film line from Gloucester...
Werner Feistkorn, chairman and CEO for many years at RKW Group (Frankenthal, Germany), one of Europe’s leading processors of polyolefin films, has been pushed out of the company by its supervisory board effective immediately, according to a company press release dated May 20, 2009. RKW includes 18...
Filling trays is tedious work, with employees prone to error. New out of Meadville, PA’s NuTec Tooling Systems is an system designed to help processors avoid such errors by automating the handling of parts to and from trays.
Though it rarely makes the news, some North American moldmakers are investing now to ensure they will be among those left standing, and profiting, when the economic smoke clears. Count Industrial Molds Group (Rockford, IL) and its 65 employees among them.
In hopes of reaping efficiencies through local distribution of products and to offer improved service to the third-largest global plastics market, Songwon Industrial Co. Ltd. (Ulsan, Korea) has established a new subsidiary, Songwon Japan KK, continuing an expansion begun at the firm in late 2007...
Polypropylene (PP) contract prices edged higher in Europe, with homopolymer injection grade at €810/tonne FD Northwest Europe, and copolymer prices rising to €850/tonne FD Northwest Europe, according to Polymerupdate . PP producers across Europe targeted price hikes on the back of strength in...
Ethylene prices in Asia are showing convincing signs of strength according to Polymerupdate , with CFR Northeast Asia prices touching $710/tonne. CFR Southeast Asia ethylene prices were reported at $700/tonne, while FOB Korea was $720/tonne. An ethylene trader contacted by Polymerupdate said that...
