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plastics news

India’s import PVC market sinks to 5-year low

India’s import PVC market sinks to 5-year low

According to data from ChemOrbis Price Index, import PVC prices in India saw their lowest levels in five years’ time owing to persistently sluggish demand which is mostly triggered by plunging crude oil and upstream costs as per the pricing service of ChemOrbis. Players report that most buyers in India are still maintaining their stanceRead More

Plastics news

RPC Containers Corby invests in ISBM technology to offer containers with greater transparency

RPC Containers Corby, part of the UK-based RPC Group, has invested in new Injection Stretch Blow Molding (ISBM) technology to enhance the transparency of its high barrier polypropylene/ethylene vinyl alcohol/polypropylene (PP/EVOH/PP) containers. The company said this technology opens up opportunities in the retail sector, in particular markets such as cook-in sauces, instant coffee, ready meals,Read More

plastics news

Herbert Willerth, Borealis Deputy CEO and Executive VP Middle East & Asia, to retire at end of year

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces that Herbert Willerth, Borealis Deputy Chief Executive Officer and Executive Vice President, Middle East & Asia, will retire at the end of 2014. Having served the Borealis Executive Board for 15 years, Herbert Willerth most recently oversaw theRead More

Plastics news

Biesterfeld Plastic Erwirbt Joint Venture Anteile An Biesterfeld Nordic AB

Die Biesterfeld Plastic GmbH, Hamburg, übernahm zum 1. Dezember 2014 die Anteile des PartnersFred Holmberg an dem gemeinsamen Joint-Venture Biesterfeld Nordic AB, Malmö / Schweden. Zum 1. Dezember 2014 übernahm die Biesterfeld Plastic GmbH, Hamburg, die verbleibenden 50%-Anteile ihres Joint Venture-Partners Fred Holmberg an der Biesterfeld Nordic AB. Mit dem Erwerb der Anteile übernimmt dieRead More

plastics prices

European PE market’s downward trend loses pace on tight supply

The European PE market’s downward trend slowed down at the beginning of December, with the latest prices tracing a stable to softer trend as per the pricing service of ChemOrbis. Some suppliers conceded to discounts without reflecting the entire ethylene drop of €50/ton while others are even seeking to maintain their prices citing the prevailingRead More

plastics prices

Africa’s PP and PE markets come down in December

In Africa, December PP and PE prices were announced with mostly decreases last week, in line with earlier expectations as per the pricing service of ChemOrbis. However, Nigeria, Africa’s largest oil exporter, was an exception to this given the currency problems that the country has been struggling with. Nigeria’s local PP and PE producer ELEMERead More

plastics prices

How will the bioplastics market growth in mid-term?

Bioplastics production to grow by more than 400% by 2018, according to the latest findings presented at the 9th European Bioplastics Conference, which took place from December 2-3 in Brussels, Belgium. The data compiled by European Bioplastics in cooperation with its partners – the IfBB – Institute for Bioplastics and Biocomposites (University of Applied SciencesRead More

plastics prices

Diving costs pull European PS prices down in December

New PS prices from European suppliers emerged with €100/ton decreases for December in line with rapidly decreasing benzene and styrene markets since early November. Buyers in the region expect larger drops to pass on PS deals citing €150/ton lower styrene contracts and weak activity prior to Christmas Holidays. Benzene prices on CIF NWE basis hitRead More

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