Page 39 - Plastics & Polymers

Plaskolite buys Rotuba's extruded lighting sheet business

The company will manufacture the acquired products in its production facilities located in Columbus and Zanesville Ohio, and Olive Branch, Mississippi

Swedish firm Perstorp plans to set up pentaerythritol plant in India

The company, which has penta manufacturing plants in Germany, US and Sweden, is eyeing to tap the fast growing market of coatings in India with the new plant

Auto component industry wants budget to give boost to R&D & quality

Automotive Component Manufacturers Association recommends depreciation rate on capital goods to be enhanced to 25% from 15%, list of tools for availing CENVAT credit expanded, etc

Auto industry seeks dedicated fund to boost R&D

The industry feels the need to create an ecosystem that allows for innovation and R&D to proliferate

National Capital Goods Policy aims for Rs 7.5 lakh cr turnover in 2025

The policy envisages increasing exports from 27% to 40% of production, while increasing share of domestic production from 60% to 80%, thus making India a net exporter of capital goods

Versalis and Genomatica produce bio-rubber from sugars

Two companies have successfully advanced to pilot-scale production of bio-butadiene, used to make rubber, from fully renewable feedstock, ie sugars

Westlake makes hostile bid to acquire Axiall

The company hints at nominating 10 independent directors to the Axiall board, which has summarily rejected the Westlake proposal, at its 2016 annual meeting

Petroleum Minister, Odisha Govt discuss roadmap to develop petrochemical industry

The government aims to develop plastics & allied industries in the vicinity of Paradip refinery, where Indian Oil is also setting up a polypropylene plant

Asahi Glass begins shipment of PVC from Indonesian plant

With the aim to meet the growing demand for caustic soda and polyvinyl chloride in Southeast Asia, AGC Asahi Glass has increased the capacity at Anyer plant

Ceat to invest Rs 330 cr in OTR radial tyres plant

The plant, which will be set up at Ambernath (Maharashtra), will have an initial capacity of 40 metric tonne (MT) per day

Lanxess and Saudi Aramco rubber JV named as Arlanxeo

The JV, to be launched on April 1, 2016, will produce synthetic rubber used in manufacturing of tyres, auto-parts, and a wide range of other applications

Evonik to expand Vestosint polyamide capacity in Germany

The new plant, which is scheduled to become operational in late 2017, will increase the Group's existing annual capacity for polyamide 12 (PA12) powders by 50 percent

Safari Industries resumes operation of ancillary machinery at Halol plant

Part of the manufacturing operations had to be temporarily suspended in Halol plant due to an incident of fire at one of its ancillary machinery on January 22, 2016

Uflex showcases innovative packaging technologies at Make In India Week

Exhibits included the company's upcoming aseptic packaging plant, being built with an investment of Rs 580 crore, at Sanand (Gujarat) for packing liquid products

Punj Lloyd bags Rs 2,070 cr pipeline contracts in Oman

The scope of work for the contracts includes the construction of a 300-km natural gas liquid (NGL) pipeline, which is a part of Orpic's $ 6.4-bn Liwa Plastic Industries Complex project

Clariant to set up white masterbatches plant in Saudi Arabia

The new plant, which is expected to be commissioned by early 2017, will be the second manufacturing hub for Clariant Masterbatches in Saudi Arabia

Mahindra & Mahindra to invest Rs 8,000 cr in Maharashtra

The company will make the investment over a period of 7 years and use it for capacity expansion and product development

Bharat Forge forms JV with Sweden's Saab for air defence

The joint venture will handle the main part of production and delivery of these air defence systems to the Indian customer

PM Narendra Modi launches Make in India Week in Mumbai

MoUs signed by Raymond Industries (to set up Rs 1400 cr manufacturing unit for linen yarn and garments) and Sterilite group (to invest in LCD FAB project involving investment of Rs 20,000 cr)

Suzlon opens research center for wind energy technology in Denmark

The blade science center will focus on aerodynamics, pitch control systems, and new structures for blades used in wind turbines