Page 16 - Plastics & Polymers

Carlyle Group buys packaging company Novolex

The company has bought Novolex - which provides packaging solutions to retailers, hospitality industry, industrial markets, etc - Wind Point and TPG Growth

Wembly Enterprises buys polymer coater Bradford Industries

This is the second acquisition of Wembly, led by Sunil and Jay Kumar, in the coatings market

Stratasys and Siemens partner to develop additive manufacturing solutions

Two companies aim to strengthen and expand the benefits of 3D printing in manufacturing value chain in sectors such as aerospace, automotive and tooling

Manjushree Technopack expands pan-India by acquiring Varahi

With the acquisition of Varahi's rigid packaging business, the company has established a presence across India with eight manufacturing units in South, North and East

Sasol increases polypropylene production capacity by 103,000 TPA

The company has invested more than Rand 1 bn (about $ 70 mn) in the expansion project which is located at its Secunda Chemicals Operations

Auto and FMCG sectors driving demand for propylene in India

While polypropylene dominates the Indian market of propylene in 2015, propylene oxide is the second major application area for this petrochemical

Koch Industries acquires Guardian Industries

The acquired company will become standalone subsidiary of Koch Industries

Smart phones & Internet to propel optical fibre cables market

The optical fibre cables market in India is anticipated to grow at a CAGR of over 13 percent during 2016-2021, says TechSci Research report

Clariant aims to start Cuddalore healthcare packaging facility in 2017

The company also plans to expand production by adding high-capacity multi-lane production line for its versatile Continu-Strip desiccant packets

Clariant & Sicpa launch brand protection technology for medical devices in India

Two companies have jointly developed Plastiward, an integrated protection for plastic pharmaceutical packaging and medical devices, for tackling counterfeit problem

Evonik to expand performance foams capacity in Germany

The company will raise the production capacity of Rohacell foam products, which are used as a core material in the construction of sandwich composites

Industry draws govt's attention to gaps in Medical Device Rules 2016 draft

Experts feel that there is a need for scientifically well thought regulatory regime which embodies the essence of industry growth and patient safety in equal measure

Indian auto component industry gaining momentum on rising vehicle demand

The auto component industry, which is expected to reach $ 100 billion by 2020, will have to be extremely competitive and effective to capitalise on this demand, says Vishal Kulkarni

Maruti Suzuki to set up industrial training institute in Gujarat

Japan-India Institute of Manufacturing (JIM), to be built in Mehsana, will train 300 youths per year in technical trades and Japanese shopfloor practices

BASF to double MDI production capacity in US

The company will increase the capacity of methylene diphenyl diisocyanate (MDI) at its Geismar site from 300,000 MTPA to 600,000 MTPA

Jacobs bags contract for MEGlobal's $ 1-bn MEG facility in Texas

The completion of this complex project will help MEGlobal establish a US Gulf Coast presence and expand its position in the monoethylene glycol (MEG) market

Intertape Polymer to invest $ 20 mn in India to expand packaging tapes capacity

The US-based company will expand the capacity of Daman facility of Powerband (in which it acquired 74% stake in September 2016) and construct a greenfield facility in the country

Total forms JV with Corbion for bioplastic polymers

The two partners plan to build a PLA polymerisation plant with a capacity of 75,000 tonnes per year at Corbion's site in Thailand

ExxonMobil to build 650,000-tonne polyethylene plant in Texas

Abundant supply of shale gas in the US has been one of the key reasons for the company's expansion plan, which will increase the polyethylene capacity of Beaumont site by 65%

Corbion begins construction of 75 KTPA bioplastics plant in Thailand

In addition to the construction of this new PLA (poly lactic acid) bioplastics polymerisation plant, Corbion will expand its existing lactide plant in Thailand by 25 KTPA