Page 14 - Plastics & Polymers
Shell completes sale of stake in Showa Shell to Idemitsu
The sale supports Shell's strategic commitment to focus downstream activity on areas where it can be most competitive
 "Shell completes sale of stake in Showa Shell to Idemitsu")
SWM acquires Conwed Plastics for $ 295 million
The acquisition of Conwed will help SWM to strengthen its position in engineered resin-based netting solutions, which have wide range of applications
 "SWM acquires Conwed Plastics for $ 295 million")
Nano Dimension delivers 3D printer to leading defence company
This marks Nano Dimension's fifth delivery of the DragonFly 2020 3D printer, following deliveries to leading companies from a variety of industries
 "Nano Dimension delivers 3D printer to leading defence company")
Ceat plans Rs 2,800 cr investment to raise tyre production
With this, it aims to raise capacity by 1 mn tyres per annum for truck bus radials, 17 mn tyres per annum for 2-wheelers and 6 mn tyres per annum for passenger car radials
 "Ceat plans Rs 2,800 cr investment to raise tyre production")
India well-equipped to face hike in Fed rates & oil prices: Dr Arvind Subramanian
However, according to the chief economic advisor, the main challenge is in the form of weakening of Chinese currency and other competing economies
 "India well-equipped to face hike in Fed rates & oil prices: Dr Arvind Subramanian")
Technip extends PTA alliance with BP to acetic acid
As per the deal, Technip will be the exclusive provider of front end loading (FEL) services for fully-owned and JV acetic acid projects developed by BP worldwide
 "Technip extends PTA alliance with BP to acetic acid")
Evonik to set up $ 120-mn precipitated silica plant in US
With the new plant, the company aims to meet the growing demand for precipitated silica, a key ingredient in making energy-efficient tyres, in North America
 "Evonik to set up $ 120-mn precipitated silica plant in US")
Basmati rice producer KRBL builds furfuryl alcohol plant in Punjab
The plant converts furfuryl oil (which is produced from rice husk) into furfuryl alcohol as there is huge demand for this bio-based chemical in India
 "Basmati rice producer KRBL builds furfuryl alcohol plant in Punjab")
Polymers to aid the Second Green Revolution in India
Efficient insulation through the use of polyurethane materials can drastically reduce spoilage of perishable foods like fruits, vegetables, etc in India, says Ajay Durrani
 "Polymers to aid the Second Green Revolution in India")
Wind Point acquires Paragon Films
Paragon is the manufacturer of high performance cast stretch films that are principally used to unitise loads while in storage and transit
 "Wind Point acquires Paragon Films")
Green Biologics starts shipments of bio-based n-butanol & acetone
The company's Little Falls (USA) plant uses proprietary advanced fermentation technology to produce bio-based n-butanol and acetone
 "Green Biologics starts shipments of bio-based n-butanol & acetone")
DuPont and Dow to merge; Intends to spin off into 3 companies post-merger
Experts believe that a big challenge for the non-agro business entities (of the combined company) will be to unlock synergistic value in the short term
 "DuPont and Dow to merge; Intends to spin off into 3 companies post-merger")
Global plastics industry's effort to combat marine litter grows in 2016
Seven new industry associations join the 'Joint Declaration'; Group, which includes India's AIPMA and IPI as members, will operate as the 'Global Plastics Alliance' going forward
 "Global plastics industry's effort to combat marine litter grows in 2016")
Avery Dennison buys Hanita Coatings for $ 75 mn
Hanita Coatings develops and manufactures coated, laminated, and metallised polyester films for a range of industrial and commercial applications
 "Avery Dennison buys Hanita Coatings for $ 75 mn")
TCPL Packaging starts new offset printing line at Silvassa
The new machine has an annual capacity to convert 9000 T of paperboard
 "TCPL Packaging starts new offset printing line at Silvassa")
NTPC forays into wind energy sector with 50-MW project
The company has awarded a contract to Inox Wind Limited for setting up the 50 MW wind power project in Gujarat
 "NTPC forays into wind energy sector with 50-MW project")
Evonik acquires JM Huber's silica business for $ 630 mn
Acquisition of Huber's silica business, which focuses on the US, China and India, will enable Evonik to expand its position in North America and Asia regions
 "Evonik acquires JM Huber's silica business for $ 630 mn")
Integrate robotics as key component of Make in India campaign
The use of automation and robotics need not be at the expense of labour; industry must view the introduction of robots as a competitive advantage, says Assocham
 "Integrate robotics as key component of Make in India campaign")
Ineos Styrolution to expand copolymer plant in Mexico
The company will hike the capacity of the plant, which makes a variety of ABS (acrylonitrile butadiene styrene) and ASA (acrylonitrile styrene acrylate) solutions, by 20,000 tonnes
 "Ineos Styrolution to expand copolymer plant in Mexico")
PE firm Blackstone buys Solvay's cellulose acetate tow business
The transaction is based on an enterprise value of about € 1 billion
 "PE firm Blackstone buys Solvay's cellulose acetate tow business")
