Page 71 - Plastics & Polymers

Tatarstan eyes collaboration with India in pharma, chemicals, fertilisers

India and Tatarstan to set up a joint working group (JWG) comprising representatives of all three streams - fertilisers, chemicals and petrochemicals, pharmaceuticals

Ineos completes BASF's stake purchase in Styrolution

Styrolution will continue to operate as a stand-alone business within Ineos Industries Holdings Limited

BP to invest $200 mn for upgrading PTA plants in US and Belgium

Purified terephthalic acid is the raw material used to make polyester which is found in a wide range of consumer goods ranging from fabrics to food and beverage containers

Toray to supply carbon fibre for Boeing 777X aircraft

Japanese company's carbon fibre Torayca prepreg will be used in the making of main wings of the 777X aircraft, which is currently being developed by Boeing as a successor to the existing 777

Gail seeks technology to convert waste plastics into fuels

The company is seeking proposals from companies, who have proven technology to convert waste plastics obtained from municipal solid waste into valuable fuels

Clear Mipak Packaging to merge with Hitech Plast

Meanwhile, Hitech Plast reported 16.65 percent jump in a consolidated total income from operations to Rs 136.92 crore from last year's Rs 117.38 crore

Finolex Industries' profit down 50% to Rs 13.7 cr

Net down mainly due to reduced sales and increase in raw material costs

Dow to expand polyethylene production in Argentina

Expansion will enable Dow to produce more high performance resins for flexible and rigid packaging applications to meet growing demand in Latin America

IOC plans to set up Rs 4000-cr ethylene derivative plant in Paradip

The company has begun construction work for its Rs 3150-cr polypropylene plant in Paradip

Petronas acquires Phillips 66's stake in Malaysian Refining Company

The company will pay $635 million for making MRC its wholly-owned subsidiary

Sanjay Syal resigns Indo Rama Synthetics as President & CFO

Sanjeev Aggarwal is the new President & Chief Financial Officer

Styrolution to shut down polystyrene plant in Sweden

The planned closure is aimed at bolstering the long-term economic sustainability of Styrolution's polystyrene business in EMEA

Sunil Healthcare to increase gelatine capsule production by 30%

The company will add three new manufacturing machines at its Alwar plant to raise the capacity from 7.7 billion capsules to 10 billion

The changing nature of oil prices: Dr Mosongo Moukwa

Looking past the Peak Oil theory, production has continued and oil prices have declined

Finolex to expand capacity with Rs 90-cr investment

The PVC product manufacturer plans to venture into water business

Global polyethylene market to reach $ 164 bn in 2018

The Asia/Pacific region will be the largest and fastest growing polyethylene market through 2018, fueled by China, India and China, according to Freedonia Group

Lanxess implements first phase of realignment; to cut 1,000 jobs

The Group plans to make total annual savings of Euro 150 million as of the end of 2016

Middle East chemical industry to grow fastest globally 2013 to 2020

Industrial diversification and expansions in regional manufacturing capabilities to fuel growth of chemical industry in the region, according to Frost & Sullivan

Albemarle to raise curative products capacity in Texas plant

The expansion will support Albemarle's Ethacure 100 liquid curative product for application in polyureas, urethanes and epoxies

Momentive expands silicone rubber, coatings capacity in Thailand

The company will add new liquid silicone rubber (LSR) and release coatings capacity to serve customers in growing Asian markets