Category Menu Product News Churchill TCUs live again April 29, 2009 by plasticsinfomart The Churchill temperature controller brand, a long-established name in British plastics processing, is to be given a new lease of life by Single of Germany. Single Temperiertechnik, which builds more than 5,000 temperature controllers a year at Hochdorf, has bought the rights to the name and will be selling equipment branded as Churchill in Britain […] Read more »
End Markets Processes Another 800,000 tonnes of Saudi polyethylene comes on line April 29, 2009 by plasticsinfomart A plant with 800,000 tonnes capacity in polyethylene has started up in Saudi Arabia. It is running two units, described as the largest of their kind in the world: a 400,000 tonnes multimodal HDPE plant using LyondellBasell’s Hostalen ACP process and a 400,000 tonnes LDPE plant using the company’s Lupotech T technology. The plant, […] Read more »
Market News Sinopec Q1 net up 84.7 pct as refining in black April 29, 2009 by plasticsinfomart Top Asian oil refiner Sinopec Corp (0386.HK)(SNP.N)(600028.SS) posted an 84.7 percent rise in first-quarter earnings from a year earlier as government reforms allowed it to reverse losses in its oil refining business. Sinopec posted a net attributable to the listed company’s investors of 11.19 billion yuan ($1.64 billion) in the first quarter of this year […] Read more »
Market News Tyre makers skid on rubber price spike April 29, 2009 by plasticsinfomart Tyre manufacturers find themselves trapped as rubber prices have risen shar-ply following global cues while they failed to purchase their requirements when the com-modity was available quite cheap just a month ago. While they were complaining futures market was responsible for the price rise, traders, who had tyre makers’ orders for natural rubber, were hedging […] Read more »
Category Menu Product News Victrex launches Victrex ST polymer April 29, 2009 by plasticsinfomart Victrex Polymer Solutions, a division of high performance materials manufacturer Victrex plc, has introduced a new proprietary range of products: VICTREX ST polymer. This innovative new product line is part of the VICTREX PEEK product family and is designed to perform in the most demanding environments, specifically in applications requiring a combination of high temperature, […] Read more »
Category Menu Product News GLS patents universal PA overmolding TPE April 29, 2009 by plasticsinfomart GLS Thermoplastic Elastomers, a PolyOne business and global leader in high-performance, custom-formulated thermoplastics elastomers (TPEs), announced the issue of a patent for the universal overmolding TPE platform for polyamide (PA). Based on VERSAFLEX chemistry, the patented technology delivers consistent bonding and performance with any type of PA, regardless of the supplier, chemistry or additives, using […] Read more »
Market News Petrobank sells part of Petrominerales stake April 27, 2009 by plasticsinfomart Petrobank Energy and Resources Ltd (PBG.TO) said on Monday it is selling part of its stake in Petrominerales Ltd (PMG.TO) for C$101 million ($83 million) to cut debt and help fund its development of a promising Western Canadian oil play. Petrobank said it was selling 9.9 million shares in Petrominerales, a Latin American oil producer, […] Read more »
Market News OPEC weekly oil prices drop below $50 again April 27, 2009 by plasticsinfomart The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) dropped to 49.03 U.S. dollars per barrel last week, said the Vienna-based cartel Monday. After exceeding 50 dollars in the last week of March and the second and third weeks of April, this was the second time for OPEC weekly average prices to […] Read more »