Industry news of the polymerindustry - TPE Magazine International

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]

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.

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.

VIETNAM: Partners sign joint venture agreement for Long Son PC complex

PetroVietnam, Vinachem, Qatar Petroleum International, Siam Cement Group (SCG) and Thai Plastic and Chemicals have signed a joint venture agreement to invest in a petrochemical complex on Vietnam’s Long Son Island.

CHINA: New Five-Year Plan envisions four refining, three ethylene bases

China’s Ministry of Industry and Information Technology (MIIT) has released general details on the country’s new five-year plan (2011-2015), including establishing up to four new refining bases and three ethylene production bases.

Wittenburg opens new production site and R&D centre in Zeewolde

Wittenburg BV recently announced the opening of its new state-of-the art production facility and R&D centre in Zeewolde, The Netherlands. The company said that the new facilities have been designed and built to even further improve the level of support, service, and product quality. The investment enables Wittenburg to meet the most stringent quality requirements of its customers and to continue supplying products for highly regulated and risk adverse TPE applications. The company has a strong presence in the medical, pharmaceutical, food and drinking water device industry.

Azelis extends distribution agreement with SO.F.TER.

Azelis announced that has extended its distribution agreement with SO.F.TER for Spain. The distributor based in Belgium already had a partnership with the Italian compounder for sales in France, Benelux, Italy, Nordic, Central and Eastern Europe.

PolyOne GLS appoints Velox as Western Europe Distributor

PolyOne GLS has announced the appointment of Velox GmbH from Hamburg, Germany, as a distributor of its products in Western Europe. Velox is the first European TPE distributor appointed by PolyOne since its acquisition of GLS.

Trelleborg strengthens and focuses the group

Trelleborg is making organisational changes in order to further strengthen and focus the group. Trelleborg Automotive will be focused on antivibration solutions, its other operations – polymer boots for drive shafts and steering applications and noise damping solutions for brake systems – will be integrated into the company's Engineered Systems and Sealing Solutions operations respectively.

KUWAIT: PIC partnering with Equate to build proposed Olefins III project

Kuwait’s Petrochemical Industries Co. (PIC) is still planning to build its Olefins III complex and will cooperate with Equate to carry out the project, the Kuwait News Agency reported.

Hexpol completes acquisition of Horst Müller Kunststoffe

Hexpol has announced the completion of the acquisition of Müller Kunststoffe. Müller Kunststoffe will be consolidated as of January 2012 and will be a part of business area Hexpol Compounding. The acquisition price adjusted for acquired net debt amounts to 39 million EUR in cash and is funded by a combination of cash and existing bank loans, said Hexpol in a statement issued today.

High operating profit at Lanxess

Although the annual accounts for 2011 are still pending, Dr. Axel C. Heitmann, Chairman of the Board of Management of Lanxess, dared the statement during the company's New Year's reception in Berlin, Germany, in front of representatives from politics, science, industry, and the media, that the operating profit for the past year probably exceeds 20 %.

NPE2012: Extended deadline for International Plastics Design Competition (IPDC)

The SPI Society of the Plastics Industry has extended the deadline for submissions to the 2nd International Plastics Design Competition (IPDC).

UZBEKISTAN: ADB to Help Develop Uzbekistan's Largest Petrochemical Plant

The Asian Development Bank (ADB) has approved a loan and political risk guarantee totaling up to USD 400 million to help build the largest-ever petrochemical plant in Uzbekistan.

INDONESIA: Industry minister inaugurates Indonesia's first butadiene plant

Industry Minister M.S. Hidayat and Trade Minister Gita Wirjawan inaugurated the first ever butadiene plant in Indonesian in Cilegon, Banten, on Wednesday (18 Jan. 2012).

AkzoNobel to take 100 % control of Metlac Group

AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian-based packaging coatings producer. Financial details were not disclosed.

SOUTH KOREA: Korea eyes more petrochemical exports in 2012

Korea's petrochemical companies hope to further increase their exports after they climbed to a record high last year, a local industry group said Friday (13 Jan. 2012).

BASF and Sinopec complete second phase of Nanjing investment and announce new plans for expansion

BASF and Sinopec have inaugurated the USD 1.4 billion second phase of their integrated petrochemical site in Nanjing, bringing chemicals to the Chinese market that will support the development of more sustainable local industries. On the occasion of the inauguration ceremony, the partners also announced further plans for the expansion of the site.

LCY joins IISRP

The International Institute of Synthetic Rubber Producers, Inc. (IISRP) announced that it has elected LCY Chemical Corporation as their newest member.

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