Page 9 - Plastics

Astral Poly terminates CPVC supply pact with Lubrizol

Termination will not have any impact on Astral as it has already done backward integration and initiated compounding for Astral CPVC Pro, through its tie up with Japan's Sekisui Chemical

Skipper to set up facility for engineering and polymer products in Assam

The company will invest Rs 70 crore in the new facility, which have capacity to produce 30,000 tonne and 7000 tonne of engineering and polymer moulded products respectively

Linc Pen plans to set up manufacturing facility in Gujarat

The proposed plant at Umbergaon (Gujarat), to be built with an investment of Rs 26 crore, will have capacity to produce 1.25 crore pens per month

Astral ties up with Japan's Sekisui Chemical for CPVC resin

Indian firm will source chlorinated polyvinyl chloride (CPVC) resin from Sekisui Chemical for hot and cold water plumbing system

Ganesha Ecosphere to increase recycled polyester fibre capacity by 21,000 TPA

With this expansion, the consolidated recycled polyester staple fibre (RPSF) capacity at the Bilaspur (Rampur, Uttar Pradesh) site will become 108,600 TPA

V-Guard Industries to start PVC compounding unit at Coimbatore

The unit, which will commence commercial production by end of August 2016, will serve the company's business of house wiring cable

Mitsui partners with Germany's Forward Engineering for composite applications

With this, Mitsui aims to expand its presence in the automotive carbon fibre market by leveraging FE's advanced knowledge relating to auto parts made from composite materials

Mitsubishi and Ube Industries to merge injection moulding machine businesses

Ube Machinery will acquire an 85 percent stake in Mitsubishi Heavy Industries Plastic Technology in order to secure the latter's worldwide business in injection moulding machines

Toray plans $ 100 mn investment to set up nylon fibres plant in Mexico

The plant, with production capacity of about 10,000 tonnes, will supply nylon fibres for automobile airbags and airbag materials

Nudging India out from water stress through plasticulture

With plasticulture, ie using plastics in agricultural activities, India can increase per capita water availability to more than 1,750 m3 from current 1,588 m3

PolyOne acquires Gordon Composites and Polystrand for $85.5 million

These acquisitions further consolidate the company's position in continuous reinforced thermoplastic composite technology

ExxonMobil to expand specialty elastomers capacity in Wales

The project will expand company's global Santoprene elastomers capacity by 25 percent

Rampf to set up facility for polyurethane and epoxy products in Germany

The company will invest Euro 11 million in the Grafenberg facility, which will produce polyurethane and epoxy boards for the automotive, aerospace, shipbuilding, and wind energy industries

Ford joins hand with tequila maker Jose Cuervo to make car parts from agri-waste

Two companies are exploring the use of agave plants (which is used to make tequila) to develop bioplastics for auto parts and accessories

Solvay and Mubadala to produce composite structures for Boeing 777X aircraft

Two companies will set up a joint venture, located in the UAE, to deliver advanced composite materials for the empennage and floor beams of Boeing's new 777X program

Prince Pipes promoter buys minority stake in Vikas Ecotech

Apparently, both the companies are already into business dealings - with Vikas Ecotech being strategic supplier of specialty chemicals to Prince Pipes

Plastic technology provider Rochling to invest Euro 35 mn in German plant

Investment will give a considerable boost to the company's position in the manufacture of primary packaging for the pharmaceutical and diagnostic industry

RAMPF acquires advanced polyurethanes maker Innovative Polymers

With the acquisition of Innovative Polymers, a provider of polyurethanes for tooling and modelling applications, RAMPF will further consolidated its position in the NAFTA region

Cerberus Capital buys thermoplastic auto components maker ABC Group

This transaction will provide ABC Group with greater access to capital to support further investments in people, products and operations

Supreme Industries plans Rs 250 crore capex for 2016-17

Along with other projects, the company will spend this amount to expand capacity of plastic pipe system, performance packaging film, furniture products, etc