Market News Oil slips below $50 on demand, inventory forecasts April 15, 2009 by plasticsinfomart Oil slipped under $50 a barrel on Tuesday on forecasts for softer 2009 global petroleum demand and for a weekly build in U.S. crude supplies. The U.S. Energy Information Administration (EIA) lowered its 2009 world oil demand forecast by 180,000 barrels per day. to just over 84 million bpd. In addition, the government reported U.S. […] Read more »
End Markets Processes Cincinnati Extrusion to present WPC technology at Ligna April 15, 2009 by plasticsinfomart At the forthcoming Ligna, the exhibition for woodworking and wood processing held in Hanover, Germany, from May 18 to 22, 2009, extrusion systems manufacturer Cincinnati Extrusion will be presenting its latest developments in the field of Wood-Plastic Composites. Together with its partner companies, Beologic, Greiner Extrusion, Kompetenzzen-trum Holz and Tech-Wood, Cincinnati Extrusion will focus on […] Read more »
Category Menu Product News Hoffmann ACE and Dyneema develop the world's lightest air cargo net April 14, 2009 by plasticsinfomart Hoffmann Air Cargo Equipment (ACE) GmbH, a Friedberg based, German manufacturer of air cargo pallet nets, together with ultra strong polyethylene fiber producer DSM Dyneema, have developed a new, third generation lightweight air cargo net that is one of the first worldwide to achieve a total weight of below 8 kilograms (kg). Ultra high strength […] Read more »
Category Menu Product News Hoffmann ACE and Dyneema develop the world’s lightest air cargo net April 14, 2009 by plasticsinfomart Hoffmann Air Cargo Equipment (ACE) GmbH, a Friedberg based, German manufacturer of air cargo pallet nets, together with ultra strong polyethylene fiber producer DSM Dyneema, have developed a new, third generation lightweight air cargo net that is one of the first worldwide to achieve a total weight of below 8 kilograms (kg). Ultra high strength […] Read more »
End Markets Processes Owens Corning Introduces AdVeil™ Non-Woven.. April 13, 2009 by plasticsinfomart Global composite solutions and building materials leader Owens Corning announced the development of AdVeil™ non-woven glass veil incorporating a new technology that brings cost and production benefits to the cushion vinyl (CV) flooring industry. Based on the company’s patented Advantex® glass technology, AdVeil glass veil is supplied pre-filled with a proprietary inorganic formulation that reduces […] Read more »
End Markets Processes Iran gives Shell/Repsol deadline on LNG project April 13, 2009 by plasticsinfomart Iran has given Royal Dutch Shell (RDSa.L) and Repsol (REP.MC) until May 20 to clarify their involvement in a major gas project in the Gulf, a senior oil official was quoted as saying on Monday. “If subsequent to the expiry of the deadline these companies do not make clear their involvement in the Persian LNG […] Read more »
Market News Oil falls 4 percent after IEA cuts demand view April 13, 2009 by plasticsinfomart Oil fell more than 4 percent on Monday after the International Energy Agency slashed its forecast for oil demand, offsetting the impact of data showing Chinese crude imports rose to their second highest level ever. The IEA said on Friday world oil demand would fall by 2.4 million barrels per day (bpd) this year compared […] Read more »
Market News Auto recovery, supply shortage lift rubber price above Rs 100/kg April 13, 2009 by plasticsinfomart With the auto industry showing signs of recovery, the demand for rubber by tyre companies has increased. Along with tight supplies, this has led to a 37% increase in rubber price over the past month to over Rs 100 per kg. Tyre companies have also stepped up rubber imports with local prices quoting at a […] Read more »