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Lanxess announced today its goal to increase its leading earnings indicator by roughly 80 percent in the coming five years. The specialty chemicals company is targeting EBITDA pre exceptionals of approximately EUR 1.4 billion in 2015 and confirmed its forecast of roughly EUR 800 million EBITDA pre exceptionals in 2010. LANXESS plans to achieve its mid-term earnings target through a dual-track growth strategy of organic and external growth. Organic growth will play the more dominant role.

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Since 1999, Kraiburg TPE has used its US headquarter office in Duluth, GA, as the base for serving the markets in Latin America.

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Teknor Apex Company has announced today that it has agreed to purchase the Sarlink business from Royal DSM N.V. Sarlink operates compounding facilities in Leominster, MA, USA. and Genk, Belgium.

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DSM Engineering Plastics and Resinex have entered into a distribution agreement for the market development and sales of DSM resins in Romania, Bulgaria, Slovenia, Croatia, Serbia, and Bosnia.

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Momentive and Hexion today jointly announced an agreement under which their newly-formed holding companies will merge, creating a global leader in speciality chemicals and materials. The merger is subject to customary conditions. Closing is anticipated to occur 1 October 2010. The new company will operate under the Momentive Performance Materials name.

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Purac and Arkema have announced their collaboration in functional lactide-based block copolymers. These block copolymers will enhance the thermo-mechanical and physical properties of many biobased polymers, resulting in a wider range of applications opportunities. They are produced by combining Arkema’s organic catalysis ring-opening polymerisation technology with Purac’s L- and D-lactide monomers.

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At K 2010, the 18th international trade fair for plastics and rubber, some 3,100 exhibitors from 57 countries will again present their latest developments for all sectors of the plastics and rubber industry on 1.7 million square feet of net exhibit space. About 60 % of the space will be occupied by exhibitors from countries other than Germany. K 2010 will be held from 27 October – 3 November 2010 at the fairgrounds in Düsseldorf, Germany.

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PolyOne Corporation's OnColor Bio and OnCap Bio masterbatches have been granted OK Compost certification by AIB Vinçotte, marking the first time this has been awarded to a full range of colourants and additives.

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With immediate effect, Albis Plastic GmbH, Hamburg, assumes the international marketing of the TPE products of Slovenian Uteksol d.o.o. The sales agreement applies to all Albis' sales offices and areas of responsibility. This was announced in a statement issued 25 August.

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Kraton has initiated a project assessment, which includes site-selection activities, to identify options for building a new, hydrogenated styrenic block copolymer (HSBC) plant in Asia.

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