Page 68 - Plastics & Polymers

Gujarat and Chemicals Ministry to form joint working group

The aim of the group is to fast-track chemical industry projects in the state

Altana acquires two companies in Brazil

Its Actega division acquires two companies in the overprint varnish and printing ink industry in Sao Paulo state

Mitsui Chemicals and Korea's SKC to merger polyurethane businesses

The proposed JV deal will also cover the bio-based polyols manufacturing facility in Gujarat of Vithal Castor Polyols Pvt Ltd

Global polypropylene revenues to rise by 5.8% till 2021

The demand for PP totaled 55.1 million tonnes in 2013 and economic slowdown has had little effect on the global market for PP, says Ceresana, the German market intelligence company

US-based polymer company LyondellBasell selects Bhavesh Patel as CEO

Patel, who takes over as CEO from January 12, 2015, succeeds James Gallogly, who previously announced his plan to retire

ICL divests shoe reinforcement materials biz Rhenoflex to Findos Investor

Divesture is a part of ICL's strategy to focus on its core businesses in agriculture, food and engineered materials

Fund Energy to use Ineos' Innovene PP process for project in China

The feedstock for the polypropylene plant will be produced using locally sourced propylene via a methanol-to-olefins (MTO) process

Motherson Sumi acquires German plastic auto part maker Scherer & Trier

The Euro 36 mn deal will allow Motherson to offer a more diversified range of polymer products to its customers

SSNNL awards Rs 40-cr contract to Captain Polyplast

The company has received the contract for laying down an underground pipeline for connecting various fields of farmers with the canals of Narmada river

Toray to increase PP spunbond production in Indonesia

Toray Polytech Jakarta will increase the production of PP spunbond, which is the main material for making disposable diapers, by 18,000 tonnes per year

Shell to buy BASF's stake in ELLBA Eastern JV

The joint venture, which is operated by Shell, produces styrene monomer and propylene oxide

OxyChem and Mexichem to set up ethylene cracker in Texas

Ethylene, produced at this site, will be used by OxyChem to make vinyl chloride monomer (VCM), which Mexichem will use to produce PVC resin and PVC piping systems

IOC's Paradip PP plant to be commissioned in 2017-18

Indian Oil Corporation is investing Rs 3,150 crore in polypropylene project at Paradip, Odisha, stated Dharmendra Pradhan, MoS, Petroleum & Natural Gas, in Rajya Sabha

Air Products to set up industrial gases unit for Sibur in Russia

Air Products will supply industrial gases to Sibur's Perm subsidiary and invest its own cash to build and operate the new air separation unit

Garware Synthetics to expand plastic engineering business

The company is planning to diversify into manufacturing of plastic component for automotive application

First propylene unit using UOP Oleflex technology reaches project capacity in Russia

UOP Oleflex technology meeting design capacity of 5,10,000 metric tonnes annually of high-quality propylene to meet growing global demand

PE firm Standard Investment buys DSM Synres

DSM Synres produces solvent-borne alkyd and acrylic coating resins at its site in Hoek van Holland (Netherlands) for the global coatings, adhesives and graphic arts

Ceat begins construction work for tyre making unit in Nagpur

The company is investing Rs 420 crores in the plant, which will manufacture 2-3 wheeler tyres and have a capacity of 120 metric tonne per day

Technip announces plans to acquire Zimmer Polymer Technologies

The new polymers business will strengthen Technip's portfolio of downstream technologies by enhancing group's position as a technology provider to the petrochemicals industries

Sinopec-Mitsui JVs commission plants for phenol, acetone and EPT in Shanghai

The new plants of ethylene-propylene-dieneterpolymer (EPT), phenol and acetone will meet the growing demands for these materials in China