Category Menu Machinery News 'Scrapping premium' incentive to buy a new Engel machine March 19, 2009 by plasticsinfomart Engel is offering a scrapping premium as a discount on new injection moulding machines. Customers who replace an old machine with a new Victory, E-Victory, E-Max, E-Motion or Duo Pico machine will get a Eur 3,010 credit against the purchase price on providing proof of scrapping an equivalent machine from any manufacturer, or of passing […] Read more »
Market News Saudi plastic prices down by 50% March 19, 2009 by plasticsinfomart Plastic prices in the Kingdom have fallen by 50 percent following the global economic crisis in general and as a result of the steep slide in oil prices in particular. According to Saudi market experts, the local industry is affected by the world crisis only in a limited manner. They believe that situation may lead […] Read more »
Market News U.S. Markets 19 March 2009 March 19, 2009 by plasticsinfomart Price ideas were steady for spot ethylene and propylene Wednesday. NGLs were mostly higher and spot resin trading was slow.No fixed-price spot deals were confirmed. An April-July ethylene strip and a 2Q strip both traded on a PCW index basis. Several bids and offers were seen for formula and index-based deals throughout the day stretching […] Read more »
Industry Policy News Import duty exemption on naphtha being sought by Indian polymer industry March 18, 2009 / May 8, 2017 by plasticsinfomart NEW DELHI: With polymer makers facing a slump in demand and pressure on margins, the Department of Chemicals and Petrochemicals under the Ministry of Chemicals and Fertilzers has sought five per cent import duty exemption on naphtha, used in making the chemical compounds stating that the import duty had added to the cost of production […] Read more »
Environment Recycling News Leading organisations commit to halve construction waste to landfill March 18, 2009 by plasticsinfomart he reduction of construction waste is a key focus for the industry and WRAP’s Halving Waste to Landfill commitment is a voluntary framework devised to help achieve a 50% reduction in construction, demolition and excavation waste sent to landfill by 2012. This initiative is viewed as environmentally and financially critical due to increasing costs of […] Read more »
Environment Recycling News Recyclable carpet a step closer to reality March 17, 2009 by plasticsinfomart MIDLAND, Mich. , March 16 /PRNewswire-FirstCall/ — Barriers to truly sustainable solutions abound. So when a technology comes along that breaks those barriers, manufacturers pay attention. And now, one of the limitations to producing recyclable carpet has been addressed with HYPOD(TM) Polyolefin Dispersions from The Dow Chemical Company (NYSE: DOW). Many advances to make carpet […] Read more »
Category Menu Product News In Germany, plastics packaging sector has an optimistic attitude about the future March 17, 2009 by plasticsinfomart Despite the economic slowdown in the fourth quarter of 2008 Germany’s plastics packaging industry achieved satisfactory results last year, reported The German association of plastics packaging, IK Industrievereinigung Kunst-stoffverpackungen e.V. The economic downturn in Germany has affected also the packaging industry. But nevertheless it is noticeable that the impact remains below the alarming forecasts. The […] Read more »
Market News Oil trims gains to hover below $49 on profit-taking March 17, 2009 by plasticsinfomart PERTH – Oil fell from a 2-1/2-month high to below $49 a barrel on Wednesday, after bearish industry data showing large builds in U.S. crude stocks eroded investor sentiment from better-than-expected U.S. housing data. Analysts said data from the American Petroleum Institute, which showed crude stocks rose much more than expected last week, reflected poor […] Read more »
