Page 15 - Plastics & Polymers

MoUs for 5 2G ethanol plants signed at Petrotech 2016

In addition, IOCL, BPCL and HPCL signed a pact to carry out pre-project activities for setting up refinery-cum-petrochemical complex with 60 MMTPA capacity in Maharashtra

Panasonic to start manufacturing refrigerators in India

Japanese firm, in alliance with Tata Elxsi, will also set up a design division to develop technologies such as artificial intelligence & robotics applicable to appliances for global markets

Nanogate buys high-tech plastic components maker Jay Plastics

Acquisition will give a further boost to Nanogate's sales potential in the US, especially in the area of design surfaces, and improve its market access to Asian manufacturers

Custom medical moulder Flexan acquires Medron

The addition of Medron will significantly enhance Flexan's contract manufacturing service offerings in the field of medical devices

Innovative Tech Pack bags packaging contract from Dabur

The agreement, valid for five years, is expected to give ITPL an assured business of Rs 400 crores over the next five years

Sumitomo Chemical and Zeon to form S-SBR JV

Two companies will combine their respective solution styrene butadiene rubber (S-SBR) businesses to form the JV, called ZS Elastomer Co Ltd

Uflex launches direct UV offset printable polyester film

This speciality polyester film is suitable for direct UV offset printing without requiring any primer or treatment

Gurit buys BASF's PET structural foam business

Acquisition will strengthen Gurit's structural core material product range and add a sizeable European-based PET production capacity to its existing PET operations in China

Global bioplastics demand to grow despite low oil price

In 2021, more than 45 percent of bioplastics will be produced in Asia, says European Bioplastics

Clariant to tap Indian pharma sector with packaging and anti-counterfeit solutions

The company, which is setting up a healthcare packaging production facility in Cuddalore, has launched technology to combat counterfeiting in medical devices and packaging

Kuraray extends contract for supply of Amyris' bio-based farnesene

Amyris will supply its sugar cane-derived Biofene (branded beta-farnesene) to Kuraray for using it in liquid farnesene rubber and farnesene-based elastomer applications

Capital goods sector can add up to Rs 50,000 cr to GDP: Study

Make in India campaign and trends in key end-use sectors have created multiple growth opportunities for capital goods players, says a FICCI- McKinsey report

Airbus engages Axiscades and Quest for aerospace engineering services

Quest will provide services for the wing and Axiscades for fuselage & wings (repair)

Mitsubishi Heavy to build ExxonMobil's polyethylene plant in US

The new production unit, which is slated to be completed in 2019, will produce 650,000 tonnes of polyethylene per year

Borealis and Asmidal plan to set up melamine facility in Algeria

Two companies will carry out a feasibility study for this project to manufacture melamine, which has become an essential raw material in the global production of synthetic resins

PE firm Livia Group acquires Proviron Basic Chemicals

Proviron Basic Chemicals is a leading player in the European phthalic anhydride market with a plant located at Ostend in Belgium

Researchers in US develop process to make chemical p-xylene from biomass

New method, with 97 percent yield, uses biomass as the feedstock to make p-xylene, an important ingredient of common plastics that is currently produced from petroleum

Idemitsu and Mitsui Chemicals to enhance ethylene facility in Chiba

For this, two companies will increase the propane processing capacity of ethylene manufacturing units of Anegasaki plant (located on the premises of Idemitsu)

Q Holding buys medical catheters maker Degania Silicone

By acquiring Degania, which has a production facility in India, Q Holding will strengthen its position as the leading global supplier of engineered elastomeric products to healthcare sector

Global polymer fillers market is expected to reach $ 54.8 bn by 2021

Asia Pacific is expected to continue to maintain its position as the leading consumption centre for the global polymer fillers industry, says a Zion Market Research report