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The specialist exhibitions and conferences organiser Smarter Shows announced that Foam Expo Europe 2019 – the region’s only free-to-attend trade show and conference uniting the entire foam supply chain – has disclosed its full conference agenda, packed with exciting sessions, essential information and a stellar line-up of speakers. Taking place 10 – 12 September 2019 in Stuttgart, Germany, the conference covers key industry topics, market trends and regulatory updates, and highlights R+D and innovation in foam materials, technologies and properties.

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The new “Market Study: Insulation Material – Europe” from market research company Ceresana offers an overview of the European Market for insulation material, including forecasts until 2026. Data on revenues, volume of production and demand as well as on the five individual categories of insulation material – mineral wool (glass and stone wool), polystyrene-based insulation material (EPS and XPS) as well as polyurethane (PUR/PIR) – are given. The market development of 18 countries is analysed individually. Figures are given on demand and revenues as well as products and trade of the five insulation material categories.

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Trinseo announced the opening of a new compounding factory at its Hoek Site in Terneuzen, the Netherlands, on 26 June 2019, which will replace the old compounding plant at Terneuzen Industrial Park.

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The Oleshky-based Ukrainian company OSV Technology LLC announced that it has signed two agreements on the distribution of its equipment. In Southeast Asia – including Malaysia, Singapore, Indonesia and Vietnam – the company will now be represented by Advance Molding Chemicals. Furthermore, in Eastern Europe – including Slovakia, Hungary and Croatia – OSV machinery will be distributed by Smith&Partner company. OSV said it has already made a number of successful sales in Malaysia, Slovakia and Hungary in cooperation with both companies.

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BASF has commissioned a plant for coating foils at its site in Münster, Germany. The start up took place in the presence of the Minister of Economics, Innovation, Digitalisation and Energy of the German federal state of North Rhine-Westphalia, Prof. Dr. Andreas Pinkwart, and Münster’s Lord Mayor Markus Lewe.

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MCNS (Mitsui Chemicals & SKC Polyurethanes Inc.), a polyurethane business established as a joint venture of SKC and Mitsui Chemicals Inc. of Japan, announced that it will build its 12th system house worldwide in Saint Petersburg, Russia. According to MCNS, the facility will serve as a manufacturing and sales base that provides premium services, such as the customisation of polyurethane foam material formulations to cater to individual customer needs.

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Lubrizol Corporation has announced the acquisition of Bavaria Medizin Technologie GmbH (BMT) by its German subsidiary Lubrizol Deutschland GmbH from its current majority shareholder Custos Vermögensverwaltungs GmbH as well as from the minority shareholders. Financial details were not disclosed.

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Borealis and the Erema Group have signed a Letter of Intent (LOI) to intensify their cooperation in the field of mechanical recycling. The shared goal is to advance mechanical recycling technologies in order to accelerate the transition to a circular economy of plastics. The companies also aim to enhance recycling processes in order to satisfy increasing market demand for higher-quality recyclate used in high-end applications.

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Hyundai Oilbank Co., a refining unit of Hyundai Heavy Industries Group, said Wednesday (3 July 2019) it will invest KRW 260 billion (USD 221 million) to beef up its petrochemicals production. Hyundai Oilbank said its affiliate Hyundai Chemical Co. will chip in KRW 100 billion to expand its production of mixed xylene, a core material for BTX (benzene, toluene and xylenes) production. The investment will increase the company’s mixed xylene output to 1.4 million tons from 1.2 million tons per year.

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Hexpol announced that it has acquired Preferred Compounding from the Audax Group, a US-based private equity firm. The acquisition price amounts to approximately USD 232 million. The business will be consolidated from 1 July 2019.

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On 29 June 2019, Arlanxeo hosted an event titled “Open-to-public Day & Transforming for Sustainable Community 2019” at its Changzhou EPDM plant. According to the company, under the theme of “Promoting Circular Economy & Building Safety Culture”, the open day facilitated an industry-wide discussion for the purpose of enhancing chemical companies’ safety awareness, building safety brand and culture, and realizing a sustainable future. On the day of the event, Arlanxeo received about 350 visitors, including Changzhou government officials, representatives from local universities and neighboring companies, nearby residents, Arlanxeo employees and their family members.

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