Industry news of the polymerindustry - RFP Rubber Fibres Plastics

Dreyplas has started market activities

In November 2011 a new pan-European distributor has started market activities: Dreyplas GmbH, based in Meerbusch, Germany. The company’s diversified portfolio comprises raw materials, additives and processing aids for plastics converters and compounders as well as for the producers of adhesives, paints and coatings, chemicals and building materials. The majority of its products are sourced from Far East manufacturers often backed up by long-term supply agreements. [image_0]

MALAYSIA: Rubber prices will sustain over long-term

The current upward trend in natural rubber prices will continue to sustain over the long-term, says Rubber Industry Smallholder Development Authority (RISDA) chairman Tan Sri Rahim Tamby Chik.

SAUDI ARABIA: Saudi Royal Commission grants approval for five PC projects costing USD 5.6 billion

Saudi Arabia’s Royal Commission for Jubail and Yanbu has approved five large petrochemical projects to be built in Jubail and costing SR 21.2 billion (USD 5.6 billion), the Saudi Press Agency reported.

CHINA: Sinopec, China Coal JV plans PP project in Ordos using Ineos’ Innovene process

Zhong Tian He Chuang Energy Co., a joint venture between Sinopec and China Coal Group, plans to build a polypropylene (PP) plant in Ordos, China, based on Ineos Technologies’ Innovene PP process.

Zorge strengthens rubber activities in Hungary

Zorge has recently increased its production capacity in Hungary to meet the growing demand for rubber parts.

Arizona Chemical and IMCD Group conclude distribution agreement

Effective from 1 January 2012, IMCD Group B. V. distributes Arizona Chemical’s refinery product lines in Western Europe.

Onex acquires Davis-Standard

On 23 December 2011, the extrusion systems supplier Davis-Standard, LLC was sold by Hamilton Robinson Capital Partners to Oncap, the middle market investing platform of Onex Corporation.

BASF participates in Renmatix

BASF is participating with USD 30 million through BASF Biorenewable Beteiligungs GmbH & Co. KG in the US technology firm Renmatix Inc., in Philadelphia, PA.

Lanxess strengthens phthalate-free plasticiser portfolio

Lanxess has acquired Unitex Chemical Corporation located in Greensboro, NC, USA. Unitex has about 40 employees and achieved sales of about USD 30 million in 2010.

Bekaert to cut 1,850 jobs in China and Belgium

Bekaert has announced a reduction of 1,850 jobs in its sawing wires and stainless steel wire operations. The measures affect a total of 600 jobs in Aalter, Zwevegem, Deerlijk, and Ingelmunster in Belgium as well as 1,250 in China.

SOUTH KOREA: LG Chem wins patent suit against Dow Chemical

LG Chem Ltd., Korea's leading chemical maker, said Thursday it has won an elastic polymer patent lawsuit against Dow Chemical Co. of the United States.

Cooper Standard buys sealing business of Sigit

Effective 1 January 2012, Cooper Standard has acquired the automotive sealing business of Sigit S.p.A., operated primarily from manufacturing locations in Chivasso, Italy, and Poland.

VIETNAM: Rubber trading bounces back after lull

Rubber trading rebounded significantly for the past few weeks after a long period of stagnation thanks to rising demand and restricted supply on the global market, industry insiders have said.

THAILAND: State stands by B15 billion rubber fund

Despite rising prices, the government sees the newly established 15-billion-baht fund to intervene in the rubber market as essential for stabilising prices.

INDONESIA: Honam signs Indonesian land deal for cracker & downstream units

Honam Petrochemical Corp. has signed a memorandum of understanding with Indonesia’s Krakatau Steel for land in Cilegon on which Honam plans to build a new naphtha cracker and downstream production units, said Honam Senior Managing Director of Business Development Kim Gyo-hyun.