Page 53 - Plastics & Polymers

Corbion and MedinCell form JV to supply bio-based polymers for controlled release drugs

The joint venture, CM Biomaterials, will sell the PEG & PLA co-polymers to MedinCell partners who license the MedinCell controlled release technology, BEPO

Global pharmaceutical packaging market to exceed $ 100 bn in 2019

India and China will be the fastest growing markets due to expanding pharma manufacturing capabilities and adoption of more stringent regulations, says a new Freedonia report

Dutch firm LyondellBasell to acquire polypropylene compounds maker SJS Plastiblends

Strategic acquisition will expand LyondellBasell capabilities and footprint in India's growing automotive plastics market

SRF plans Rs 394 cr expansion for packaging and refrigerant biz

While it will set up a packaging film plant with an investment of Rs 356 cr, SRF will spend Rs 26 cr and Rs 12 on a pharma grade propellant plant and modification of refrigerant facility, respectively

Apple iPhone maker Foxconn to invest $5-bn in electronics plant in Maharashtra

Foxconn, which contract manufactures devices like Apple iPhone, BlackBerry, Kindle e-reader, etc, will also establish an R&D unit at the Maharashtra site

Uflex to invest Rs 550 crores in aseptic packaging plant in Sanand

This factory, which is proposed to be commissioned by April 2017, will produce approximately seven billion packs per year for liquid products such as energy drinks, milk, etc

DSM and CVC names polymer intermediates & composite resins biz as ChemicaInvest

As announced earlier, CVC and DSM will have 65% & 35% stake respectively in ChemicaInvest, which will have 3 business units - caprolactam, acrylonitrile & composite resins

Berry Plastics acquires Avintiv from PE firm Blackstone for $2.45 bn

Complementary products of Avintiv will enhance Berry Plastics' ability to capitalise on the rapidly growing global markets for hygiene and healthcare

Investment firm KKR to invest $ 150 mn in polyester maker JBF Group

A portion of the proceeds will be used by KKR to acquire 20 percent stake in JBF, which makes polyester value-chain products ranging from polyester chips, polyester yarn and films

Oriental Carbon plans Rs 159 cr investment to expand insoluble sulfur capacity

The company will raise capacity of insoluble sulphur, which is mainly used in tyre & rubber industries, by 11,000 metric tonnes per annum at its Mundra (Gujarat) facility

HSIL Ltd to invest Rs 217 cr to set up plastic pipes & packaging products plants

While the company will spend Rs 105 crores to build CPVC and UPVC pipes and fitting plant, it will invest Rs 112 crores in caps and closures project

Merck to provide Euro 25,000 fund to start-ups with innovative ideas

The company has called for application from start-ups - German as well as international - to apply for funding of innovative ideas by August 14, 2015

H B Fuller to set up adhesives facility in Indonesia

From this new site, H B Fuller will provide adhesive solutions to customers in the hygiene, packaging, woodworking, filter, product assembly, container labelling

General Motors plans $1-bn investment in India by 2020

As a part of its consolidation plans, GM will shut down Halol (Gujarat) plant by 2016, while it will expand capacity at Talegaon (Maharashtra) manufacturing plant

Victrex acquires US-based Kleiss Gears

Kleiss Gears' metal gear systems will complement with high-performance engineering polymer gears such as Victrex's PEEK

Auto market to drive global butadiene demand to cross 13 MMT by 2020

Recovery of the auto sector is expected to create higher tyres demand, which in turn is likely to drive the synthetic rubber and butadiene market through 2020, says a TechSci Research report

Advanced insulation materials market to reach $1.9 bn in 2019

The market for aerogels, vacuum insulation panels and phase-change materials lies in non-building applications like refrigeration and logistics, says a Lux Research report

Belgium's Solvay inks $5.5-bn deal to acquire composite materials major Cytec

Acquisition propels Solvay to world's second largest player in aerospace composite materials, and reinforces advanced formulations with the world's number one mining chemical business

Yara and BASF to set up $600-mn ammonia plant in Texas

While BASF will use its share of ammonia from the plant to produce caprolactam, Yara will market the remainder to industrial & agricultural sectors in North America

Chemical sales in Germany up 0.5% in H1 2015, chemical prices down 3%

The devaluation of the Euro stimulated overseas exports while the domestic demand for chemical products remained restrained, says German chemical industry association (VCI)