Page 38 - Plastics & Polymers

Corbion to open bioplastic PLA plant in 2018

In addition, Corbion will expand its existing lactide plant in Thailand by 25 ktpa to serve both its own PLA (polylactic acid) plant and lactide customers

Axiall sells window & door profiles, compound additives businesses

While the company has sold certain assets of its compound additives business to Galata Chemicals, OpenGate Capital has acquired Axiall's window & door profiles business

Plastiblends India plans masterbatches plant in West Bengal

Increasing demands for plastics in the Eastern region is driving the market of masterbatches, a key ingredient used for making plastic products

CMI completes acquisition of General Cables Energy

With this, CMI has access to GCE's Baddi facility that can produce all types of cables used in industries such as railways, defense, telecommunication, petrochemicals, refineries, etc

From industry standpoint, budget can be termed as lackluster: Savan Godiawala

The budget failed to address industry issues like rationalisation of taxes in SEZ, higher infra spend in developing industry parks, deal with inverted duty structure, continued incentive for R&D,

This budget restores balance in rural Bharat and India Inc: Arun Lakhani

The approach of the FM is one of quantum jump rather than tinkering, which would accelerate the development process and put the Indian economy on a sustainable growth trajectory

Govt is building fire-walls against the global slowdown: Sudhir Shenoy

Budget puts the security and prosperity of the rural communities at the foundation of nation building, catalysing domestic demand and bridging financial disparity

Dhunseri Petrochem forms PET JV with Thai firm Indorama Ventures

The JV, with manufacturing capacity of 700,000 tonnes of polyethylene terephthalate (PET), will be a dominant player in PET resins market in North and East India

Roads and railways to spend Rs 2.18 lakh crore on capex in 2016-17

Budget plans to develop National Waterways and new greenfield ports both in the eastern & western coasts

Economy to grow 7-7.75% this fiscal: Economic Survey 2015-16

Aided by robust growth in petroleum refining, automobiles, wearing apparels, chemicals, electrical machinery and wood products, manufacturing is on the recovery path

Railways expansion plans to propel CMI growth

Railway budget's focus on electrification, laying of fresh railway lines and upgradation of existing railway infrastructure presents huge opportunity for CMI

Railway budget emphasises on long-term planning to augment network

National Rail Plan 2030 will endeavour to harmonise and integrate the rail network with other modes of transport and achieve seamless multi-modal transportation network across the country

Railways to increase revenue through non-fare sources to 10%

Railway budget plans to generate annualised revenues of about Rs 4,000 crore by 2020 from manufacturing activity

Railways initiates bid process to make train sets for Rajdhani

Railway Budget proposes to increase the current procurement by 30 percent

Railway plans to set up R&D unit to focus on long term research

Railway Budget also proposes to bring most of holding companies under one umbrella to provide the necessary strength for leveraging the combined resources

US-based trade group wants India to relax import duties on medical devices

Advanced Medical Technology Association (AdvaMed) has urged the government to frame separate regulations for medical devices, increase investment in healthcare infrastructure, etc

Joubert Productions develops snow chains with plastic chain links

Links, made from BASF's Elastollan TPU, are much lighter than the conventional metal mesh and the snow chains are easy to handle and quick to remove

Essel Propack's China arm bags GSK's supplier award

The company received this award at GSK's annual supplier forum for supplying packaging solution in the oral care category in 2015

Technip to provide technology for gas cracking ethylene plant in China

French EPC company will provide proprietary technologies for to SP Olefins' 650-KTA grassroots gas cracker, which will use low cost ethane and propane from North America

Flexible pipe market to cross $ 1 bn by 2020

While increasing drilling and exploration processes are driving the demand, low oil prices are expected to inhibit the growth of the market, says new Marketsandmarkets report