Page 21 - Plastics & Polymers
India should become society of design and innovation: Amitabh Kant
IT companies and manufacturing companies need to work together to create a disruptive culture for creating globally competitive designs, says NITI Aayog CEO
 "India should become society of design and innovation: Amitabh Kant")
BASF reduces caprolactam production by 100,000 tonnes in Europe
Caprolactam is the starting material for the plastic polyamide 6
 "BASF reduces caprolactam production by 100,000 tonnes in Europe")
India holds lot of promise for Covestro: Frank Lutz
In this interview, Frank Lutz, CFO of Covestro, discusses the company's strategy to strengthen its presence in the country and present status of the polymer industry
 "India holds lot of promise for Covestro: Frank Lutz")
Evonik to built polyamide 12 powder plant in Germany
The company's polyamide 12 powders are targeted at highly attractive markets such as the coatings industry and additive manufacturing (3D printing)
 "Evonik to built polyamide 12 powder plant in Germany")
Teijin acquires US-based Continental Structural Plastics for $ 825 million
With this deal, Teijin intends to accelerate its expansion as a tier 1 supplier of high-performance composites to the global automotive market
Reliance Sibur Elastomers avails term loan of $ 330 mn
The loan, by way of external commercial borrowing (ECB) having tenor of 10 years, will be utilised to part finance the capital expenditure to set up India's first butyl rubber facility at Jamnagar, Gu
 "Reliance Sibur Elastomers avails term loan of $ 330 mn")
Dhunseri Petrochem completes formation of JV with Thailand's Indorama Ventures
The JV will gain from significant synergies as being the sole producer of PET resin in Northern & Eastern India and with all its manufacturing sites effectively integrated with third party PTA sup
 "Dhunseri Petrochem completes formation of JV with Thailand's Indorama Ventures")
Plastics consumption in India to reach 20 mn TPA by 2020
Exports of finished plastic products expected to double to $ 15 billion in the next 5 years, says Plastindia Foundation, which will organise Plastindia 2018 event in Gujarat
 "Plastics consumption in India to reach 20 mn TPA by 2020")
Suprajit buys US-based cables maker Wescon Controls for Rs 295 cr
Acquisition of Wescon, a market leader in the outdoor power equipment (OPE) in North America, will help Suprajit to increase its exposure in both automotive and non-automotive business in the Americas
 "Suprajit buys US-based cables maker Wescon Controls for Rs 295 cr")
European chemical association supports conclusion of TTIP agreement
The EU and the US make up 60 percent of global GDP amounting to over Euro 700 billion per year of goods and services traded. Chemicals are one of the top of all traded commodities
 "European chemical association supports conclusion of TTIP agreement")
Nissan and Ashok Leyland agree to restructure partnership arrangement
As per the new pact, Ashok Leyland will buy Nissan's stake in three joint venture companies, formed in 2008, that focus on technology development, and manufacturing of powertrains and vehicles
 "Nissan and Ashok Leyland agree to restructure partnership arrangement")
Motherson Sumi acquires Hungarian auto parts maker Abraham es Tarsa
The Hungarian firm is an expert for plastic processing and high quality products for car makers across Europe
 "Motherson Sumi acquires Hungarian auto parts maker Abraham es Tarsa")
Aarti Industries starts commercial production at ethylation unit
The company has also commissioned the second phase expansion project of PDA, which is used in engineering polymer
 "Aarti Industries starts commercial production at ethylation unit")
Uflex launches ESL aseptic flexi-pouch machine for packaging milk
Machine can help dairy companies to preserve milk in normal ambient conditions at the point of sale for as long as 90 days
 "Uflex launches ESL aseptic flexi-pouch machine for packaging milk")
Sonoco ThermoSafe buys AAR cold chain solutions assets
By acquiring PharmaPort 360, it has entered the market of active temperature-controlled cargo containers, which are mainly used for shipping pharmaceuticals and biologics globally
 "Sonoco ThermoSafe buys AAR cold chain solutions assets")
Rosneft and ChemChina spell out framework for implementing petrochemical project
The Far-Eastern petrochemical company (FEPCO) project will provide high value-added chemical products across Asia-Pacific market
Sabic and Shenhua Group to set up coal-to-chemicals complex in China
The facility will focus on highly-differentiated applications and segments through polymers derivatives
 "Sabic and Shenhua Group to set up coal-to-chemicals complex in China")
Agriculture and infrastructure to drive demand for plastic pipes in India
The PVC plastic pipes market is likely to experience the highest growth, supported by growing demand from sectors such as water supply, agriculture, etc, says a Lucintel report
 "Agriculture and infrastructure to drive demand for plastic pipes in India")
Styrenic block copolymers to dominate Indian thermoplastic elastomers market
The market of thermoplastic elastomers in India is anticipated to grow at a CAGR of around 7 percent during 2016-2025, according to TechSci Research report
 "Styrenic block copolymers to dominate Indian thermoplastic elastomers market")
Henkel India appoints Shilip Kumar as president
He succeeds Jeremy Hunter, who after leading the India business for last five years has moved to Shanghai as president - Henkel China
 "Henkel India appoints Shilip Kumar as president")
