Page 50 - Plastics & Polymers

SWM acquires TPU maker Argotec

Argotec is one of the leading manufacturers of thermoplastic polyurethane (TPU) films, which are used in a wide range of industries and market segments

Emery Oleochemicals opens bio-based polyol plant in US

The plant is also the world's first industrial-scale facility capable of utilising scrap foam as feedstock to manufacture a new range of sustainable polyols

Japanese chemical firm Zeon Corp to begin Indian operation in October

While the company will initially focus on specialty rubber products, it will eventually bring in products from its other business verticals - such as chemicals and specialty plastics

Garware-Wall's polypropylene geotextile receives CE-marking certificate

The certification will further strengthen its international presence by seamlessly circulating its products across 30 countries of the European Economic Area (EEA)

Lanxess and Saudi Aramco form JV for synthetic rubber

While Lanxess will contribute its synthetic rubber business to the new joint venture, Saudi Aramco will pay approximately Euro 1.2 billion in cash for its 50 percent share in JV

Ashland to spin off Valvoline as separate company

The new Ashland will be a premier specialty chemicals company, while Valvoline will focus on engine and automotive maintenance business with its performance lubricants

Arkema to invest in 3D printing research

An international team of researchers and engineers dedicated to developing solutions for 3D printing is based in Arkema's R&D centres in France and USA

Rolta bags $13 mn contract for petrochemical complex project

The company has bagged addition contract for engineering information asset solution for one of the world's largest petrochemical complexes

Avery Dennison expands pressure-sensitive tapes plant in China

The Kunshan plant will manufacture a broad range of high performance industrial tapes that bond different materials and substrates in diverse applications

Technip bags EPC contract for polyethylene plant in Czech Republic

Based on Ineos technology, the new unit will have a capacity of 270.000 tonnes per annum high density polyethylene

Avery Dennison to cut absolute emissions by 26% by 2025

The company also sets ambitious goals for paper sourcing, reducing landfill waste, purchasing film and chemicals, etc

MRF inks MoU for Rs 4500 cr expansion in Tamil Nadu

The company will invest around Rs 4,500 crore at its Perambalur and Arakonam plants over a period of seven years

CMI to set up cables manufacturing unit in Haryana

The company acquires Danish company FL Smidth's Bawal facility for this purpose. CMI plans to invest about Rs 20 crore on the acquisition and setting up of the new facility

PSUs to allot 20% output of naphtha crackers for downstream industry

The chemical producers stand to gain from this strategy as the industry has been raising the issue of the shortage of feedstock, a key raw material derived from the crackers, with the government

JK Tyre buys Kesoram's Haridwar tyre plant for Rs 2,200 cr

The acquisition will help JK Tyre to entry into the fast growing 2/3 wheeler tyre and further expand in the truck and bus radials segment

Big oil companies turns to big data as oil prices plunge

Big data is becoming a critical competitive advantage, and as a result, oil & gas M&A activity will spreads from oilfield services consolidation into IT plays, says Lux Research

Havells opens electric water heater plant in Rajasthan

Set up with an investment of Rs.100 crore, Neemrana plant will start production with initial capacity of 3,00,000 units per annum

Slovnaft inaugurates Euro 300 mn LDPE unit in Slovakia

With the new unit, low density polyethylene (LDPE) production capacity will reach 220,000 tonnes per annum

Davis-Standard acquires Gloucester Engineering

Acquisition of Gloucester, in which the Mumbai-based Kabra Extrusion Technology holds a minority stake, will strengthen Davis-Standard's global aftermarket and blown film capabilities

Bilcare Research plans capacity expansion in Germany

The expansion of Botzingen site, which delivers mono-films as well as coated and laminated films, will meet the growing demand for pharmaceutical packaging films in Europe