According to the British Plastics Federation, 69% of all plastics-related British trade is completed within the European Union (EU). Failure to secure a trade deal with the EU would see a dramatic increase to both the cost of imports and exports.
The overall polyethylene (PE) market could continue to move lower, as material slated for China seeks to find new homes because of the 25% Chinese tariffs and upstream inventories swell further, according to the PlasticsExchange (Chicago).
Braid- and coil-reinforced delivery systems will be developed and manufactured at the Adam Spence facility in Wall, NJ, and Biocoat will apply and test its Hydak topcoat at the nearby Horsham, PA, plant.
The 25% Chinese tariffs on high-density polyethylene (PE) and linear-low-density PE, which are scheduled to be implemented on Aug. 23, have really begun to disrupt the market, particularly in Houston, the major resin export hub.
The acquisition of Citation Clinical Labeling Systems (Hauppauge, NY) strengthens the commitment of AWT (Minneapolis, MN) to the global healthcare labeling market and will allow it to leverage growth opportunities in the clinical trial label markets, said the company in a news release.