Page 3 - Plastics & Polymers
Nuberg bags EPC contract for caustic soda plant project in Egypt
Egyptian Petrochemicals has awarded the contact to the company to set up the 228-TPD plant
 "Nuberg bags EPC contract for caustic soda plant project in Egypt")
Adnan Ahmad selected as region president for Clariant in India
Replaces Dr Deepak Parikh, who has been elevated as region president for Clariant in North America
 "Adnan Ahmad selected as region president for Clariant in India")
AkzoNobel expands organic peroxide capacity in Mexico
The company's capacity of peroxyester, used in making of polymers, in North America is up by 40%
 "AkzoNobel expands organic peroxide capacity in Mexico")
Target adopts five new sustainable packaging goals for green future
As part of this strategy, it will eliminate usage of polystyrene, or foam packaging
 "Target adopts five new sustainable packaging goals for green future")
Covestro produces aniline using plant-based raw materials
Currently, only fossil raw materials are used to make aniline, a key product in chemical industry
 "Covestro produces aniline using plant-based raw materials")
Cargill buys BioBased Technologies' polyols product lines
Acquisition expands bio-based product options for existing customers, enables entry into new markets
 "Cargill buys BioBased Technologies' polyols product lines")
Mold-tek Packaging to target food & FMCG sectors for IML containers
In-mold labelling (IML) containers are better suitable for food & FMCG products as they are hygienic
 "Mold-tek Packaging to target food & FMCG sectors for IML containers")
Borealis to build automotive PP compounding plant in US
The new plant will help it to become local supplier to automotive OEMs & their tier partners in US
 "Borealis to build automotive PP compounding plant in US")
Uponor opens facility in China to tap construction market
It will produce sustainable plumbing solutions and energy-efficient heating & cooling systems
 "Uponor opens facility in China to tap construction market")
Lyka Labs inks out-licensing deal with US-based generics firm
The market size of the licensed formulations is about $ 1.4 bn as per IMS March 2017, says Lyka
 "Lyka Labs inks out-licensing deal with US-based generics firm")
UAE's ADNOC & OMV ink collaboration pact for petrochemical projects
Under ADNOC's 2030 Strategy, crude production capacity is set to increase to 3.5 million bpd by 2018
 "UAE's ADNOC & OMV ink collaboration pact for petrochemical projects")
Jindal Films to invest $ 120 mn to set up polyester plant in US
The plant, which is expected to become operational by early 2019, to have 65,000 tonnes capacity
 "Jindal Films to invest $ 120 mn to set up polyester plant in US")
PPG exits fiberglass business, sells it to Nippon Electric for $ 545 mn
In 2016, PPG had sold its European fiberglass operations & divested two Asian fiberglass JVs
 "PPG exits fiberglass business, sells it to Nippon Electric for $ 545 mn")
Machine tools industry: SMEs need to harness the power of digitalisation
Digitalisation of the production process is the key to higher productivity, flexibility & efficiency
 "Machine tools industry: SMEs need to harness the power of digitalisation")
Dr Markus Steilemann to replace Patrick Thomas as Covestro CEO
The current CEO, Patrick Thomas, to complete his term which runs until 30 September 2018
 "Dr Markus Steilemann to replace Patrick Thomas as Covestro CEO")
Talbros divests part of materials business assets to Interface Performance
Auto component firm has also entered into a raw material sourcing pact with the US-based Interface
 "Talbros divests part of materials business assets to Interface Performance")
India needs to re-ignite innovation to scale new heights in manufacturing
While govt accounts for about 75% of total R&D investment, contribution of private firms is very low
 "India needs to re-ignite innovation to scale new heights in manufacturing")
Tekni-Plex buys BrunaSeals to strengthen closure liner business
This is the fourth closure liner business Tekni-Plex has acquired in the past three years
 "Tekni-Plex buys BrunaSeals to strengthen closure liner business")
Covestro to expand polycarbonates capacity in Shanghai to 600,000 TPA
The company to achieve this expansion through debottlenecking of its production lines
 "Covestro to expand polycarbonates capacity in Shanghai to 600,000 TPA")
Dow to expand coatings & silicones capacity in Saudi Arabia
It will build manufacturing facilities for polymers (used in coatings) & high performance silicones
 "Dow to expand coatings & silicones capacity in Saudi Arabia")
