Page 52 - Plastics & Polymers
Pearl Electronics forays into electronic gadgets manufacturing
The company will tie-up with a Taiwan brand for setting up a manufacturing plant with an investment of Rs 15 crore to produce USB flash drives and storage devices
Nuberg Engineering bags Rs 1000-cr contract for chemical complex in UAE
As per the EPC contract, awarded by Al Ghaith Industries, Nuberg will develop the complex in two phases. In first phase, it will set up caustic soda and hydrogen peroxide plants
 "Nuberg Engineering bags Rs 1000-cr contract for chemical complex in UAE")
Mahindra Group to invest Rs 700 cr to develop new commercial vehicles
Through this expansion, the company to focus on new intermediate commercial vehicles and light commercial vehicles
 "Mahindra Group to invest Rs 700 cr to develop new commercial vehicles")
Plastics & chemical seminar held in Nagpur
Central government to set up a CIPET branch at Chandrapur in the Vidarbha region
Lotte Ube Synthetic opens butadiene rubber plant in Malaysia
The plant has a butadiene rubber production capacity of 50 kilotonnes per year
 "Lotte Ube Synthetic opens butadiene rubber plant in Malaysia")
Lubrizol to use Daelim technology for polyisobutylenes project
Daelim technology can produce a wide range of polyisobutylenes from conventional polyisobutylene (CPIB) to highly reactive PIB (HR-PIB)
 "Lubrizol to use Daelim technology for polyisobutylenes project")
Indian investors show interest in Chabahar petrochemical complex
Chinese and Japanese investors are also keen to invest in the 25 million tonnes complex, which is estimated to require $ 11 billion for its completion in three phases
 "Indian investors show interest in Chabahar petrochemical complex")
Evonik opens lab for medical devices in Shanghai
Lab will provide support to medical device manufacturers, who use Evonik biodegradable polymers in their products such as orthopaedic screws, plates, etc
 "Evonik opens lab for medical devices in Shanghai")
Israel's Rafael and Astra Microwave forms JV for defence systems
The JV, which will witness investment of $ 20 mn in first two years, will make radio communications, electronic warfare and signal intelligence systems
 "Israel's Rafael and Astra Microwave forms JV for defence systems")
Global monoethylene glycol market to reach $ 41 bn in 2023
Growing polyester fibre and polyethylene terephthalate markets in Asia Pacific is likely to propel the demand for MEG, says Transparency Market Research
 "Global monoethylene glycol market to reach $ 41 bn in 2023")
PTTGC, Toyota Tsusho, Sanyo Chem plan PO and polyols complex in Thailand
Through this complex, three companies are aiming to tap Asia Pacific and Indian markets for propylene oxide (PO) and polyether polyols
 "PTTGC, Toyota Tsusho, Sanyo Chem plan PO and polyols complex in Thailand")
Shandong Chambroad commissions first propylene and isobutylene coproduction plant in China
The plant, which is only the second of its kind in the world, uses Honeywell UOP's C3/C4 Oleflex process technology to produce propylene and isobutylene
 "Shandong Chambroad commissions first propylene and isobutylene coproduction plant in China")
Emerging economies to drive growth of high performance foam market
Increase in demand from end-user industries from emerging countries is driving the growth of this industry, which is projected to reach $ 2 bn by 2020, says a MarketsandMarkets report
 "Emerging economies to drive growth of high performance foam market")
YPF and Grupo Inversor buy LyondellBasell's Argentina-based Petroken
Petroken, which operates a 180 kiloton polypropylene (PP) plant, is a leading polypropylene producer in Argentina
Global high density polyethylene market to reach $84 bn in 2023
The demand for HDPE is primarily driven by growth in plastic packaging, and agriculture films & pipes industries across the globe, says a Transparency Market Research report
 "Global high density polyethylene market to reach $84 bn in 2023")
Investment firm Brennan buys Landmark Plastic's HQ in Ohio
The building houses manufacturing facility of Landmark Plastic, which is a leading producer of thermoformed and injection moulded products
 "Investment firm Brennan buys Landmark Plastic's HQ in Ohio")
Symphony buys Chinese air cooler firm Munters Keruilai to boost exports
The acquisition will help Symphony to expand exports to ASEAN region via China, which has FTAs in the region
 "Symphony buys Chinese air cooler firm Munters Keruilai to boost exports")
Italy's IMA to enhance packaging machinery exports from Hassia India
Hassia India, which specialises in vertical form fill seal (FFS) bagging machines, aims to cross Rs 100 crore turnover in the next three years from the current Rs 50 crore
 "Italy's IMA to enhance packaging machinery exports from Hassia India")
Sibur and BASF extend additives supply pact for polymer production
Two companies had signed the long-term cooperation memorandum on supply of additives used for polymer manufacturing at Sibur production facilities in 2013
 "Sibur and BASF extend additives supply pact for polymer production")
Apollo Tyres plans Rs 1200 cr investment to expand Chennai facility
The company will expand the truck & bus radial tyre capacity at its Chennai plant from the planned 8900 tyres per day to 12000 tyres per day
 "Apollo Tyres plans Rs 1200 cr investment to expand Chennai facility")
