Page 35 - Plastics & Polymers
Toshiba to set up plant for railway systems equipment in Hyderabad
The plant, which is expected to start production in April 2017, will serve the growing markets in India, Middle East and Africa
 "Toshiba to set up plant for railway systems equipment in Hyderabad")
Electronics companies aim to use Indian base to tap local & overseas customers
The Indian electronics and hardware industry is expected to grow to reach $ 112-130 billion by 2018 from current level of $ 75 billion, says an Assocham-EY study
 "Electronics companies aim to use Indian base to tap local & overseas customers")
Axiall rejects $ 3.1 bn revised takeover proposal from Westlake Chemical
Westlake's revised proposal represented an increase of approximately 17 percent to its initial proposal of $20 per share
 "Axiall rejects $ 3.1 bn revised takeover proposal from Westlake Chemical")
Fiem Industries forms JV with Japanese firm Kyowa for mould making
JV will help Fiem to drastically reduce the dependability on foreign mould manufacturer and shorten the development time for tooling
 "Fiem Industries forms JV with Japanese firm Kyowa for mould making")
H B Fuller buys Australia's Advanced Adhesives
The addition of this business will enable H B Fuller to strengthen its industrial adhesives market position and leverage a broader technology portfolio in both Australia and New Zealand
Plastics and packaging industries to drive demand for masterbatches in Asia
Booming plastic processing industry and growing demand from end-use sectors in APAC region, especially in China and India, is propelling masterbatch consumption, says TechSci Research
 "Plastics and packaging industries to drive demand for masterbatches in Asia")
Teknor Apex buys Germany's Plastic Technologie Service
The acquisition will help Teknor to expand presence in Europe as compounder of thermoplastic elastomers (TPEs) and engineering thermoplastics (ETPs)
 "Teknor Apex buys Germany's Plastic Technologie Service")
Biodegradable plastic products market in Europe to reach 300 KT in 2020
Suitable and solid European standards for compostability and biodegradability and a more favourable legal framework can be the growth drivers, says a Nova-Institute report
 "Biodegradable plastic products market in Europe to reach 300 KT in 2020")
Travel luggage maker Samsonite to buy Tumi for $ 1.8 bn
The acquisition will expand the company's presence in the premium segment of the global business bags, travel luggage and accessories market, says Ramesh Tainwala, CEO, Samsonite
 "Travel luggage maker Samsonite to buy Tumi for $ 1.8 bn")
Transilwrap acquires Dow's global specialty films business
Dow's film technologies, market focus and geographic presence support Transilwrap's accelerated growth in strategic market segments such as healthcare and packaging
 "Transilwrap acquires Dow's global specialty films business")
KBR awarded fluid catalytic cracker revamp contract in China
As per the contract, KBR will provide the licensing package for the revamp of the FCC unit with Maxofin technology
SRF to set up pilot plant for next-gen refrigerant gas HFO 1234yf
With this, SRF becomes the first company outside US and Europe to develop and manufacture new generation HFO 1234yf using indigenous technology
 "SRF to set up pilot plant for next-gen refrigerant gas HFO 1234yf")
Mahohar Parrikar flags off India's first indigenous composites sonar dome
The sonar dome has been designed by DRDO's lab based in Pune and produced by the Goa-based composites manufacturing company Kineco Ltd
Metabolix inks pact with CJ CheilJedang to make biodegradable polymers PHAs
As per the deal, CJ will operate a 10 KT polyhydroxyalkanoate (PHA) plant at Iowa (USA) based on Metabolix's PHA technology
 "Metabolix inks pact with CJ CheilJedang to make biodegradable polymers PHAs")
Reliance Defence ties up with Ukraine's Antonov to make transport aircraft
The joint venture envisages design and manufacture of the medium lift dual use turbofan aircraft for military & civil use in India
 "Reliance Defence ties up with Ukraine's Antonov to make transport aircraft")
Adani ropes in Alpha Design and Israel's Elbit for unmanned aircraft systems
The companies plan to create a tiered vendor base for supporting, indigenisation and localisation requirements and seeks to set up a final assembly line for unmanned aircraft systems
 "Adani ropes in Alpha Design and Israel's Elbit for unmanned aircraft systems")
Reliance Defence forms JV with Israel's Rafael for missiles & defence systems
JV, which will set up manufacturing unit at Pithampur (MP) with an initial capital outlay of more than Rs 1,300 crore, will focus on air-to-air missiles, air defence systems and large aerostats
 "Reliance Defence forms JV with Israel's Rafael for missiles & defence systems")
Ceat commissions Buti Bori tyre plant in Maharashtra
Built with a capacity to manufacture 15 MT per day in the first phase, the plant is expected to manufacture 1.2 million tyres when fully operational
 "Ceat commissions Buti Bori tyre plant in Maharashtra")
CNOOC and Shell to expand petrochemical complex in China
The project includes new ethylene cracker and ethylene derivatives units, and a styrene monomer and propylene oxide (SMPO) plant
Synthomer acquires Hexion Performance Adhesives & Coatings for $ 226 mn
The acquisition of Hexion PAC significantly strengthens Synthomer's position in the global dispersions and additives market, particularly in the US and Asia
