Market News Central Excise arrests businessman for tax evasion January 11, 2014 by plasticsinfomart KOLKATA: The Central Excise Anti-Evasion unit has arrested a managing director-cum-propietor of a plastic unit in Kolkata for evading taxes worth more than Rs 2.62 crore for the past five years. The accused has been identified as N G Ghosh. The arrest has been made under the provisions of Section 9A(1A) of the Central Excise […] Read more »
Industry UN project aims to help Indian plastics firms January 11, 2014 by plasticsinfomart The United Nations’ Industrial Development Organization has started an International Centre for Advancement of Manufacturing Technology in Bangalore to implement the “National Program for Developing Indian Plastic Industry”. The project is aimed at small and medium-sized companies who want to be technologically competitive and cost effective. It helps these plastics firms address problems relating to […] Read more »
Recycling News OPA challenges recent DEFRA tender for biodegradable plastic carrier bags January 11, 2014 by plasticsinfomart The successful tenderers were Aquapak Polymers and Axion Consulting. Although these companies seem to have expertise in recycling, the tender was for a project on biodegradable plastic carrier bags, and they appear to have no expertise with biodegradable polymers. Indeed, Axion’s evidence to the Environment Select Committee is AGAINST an exemption for biodegradable bags. A […] Read more »
Industry Recyclers Tell MPs ‘No To A Biodegradables Exemptio January 11, 2014 by plasticsinfomart Speaking at the House of Commons’ Environmental Audit Committee (EAC) on Wednesday afternoon, UK recyclers told Members of Parliament that an exemption to the proposed carrier bag charge for biodegradable plastics bags would severely damage the UK plastics recycling industry. Jessica Baker, Managing Director of Brandon based Chase Plastics, represented the views of the British […] Read more » plastics recycling industry
Market News PE sellers seek noticeable price hikes in Italy January 10, 2014 by plasticsinfomart In Italy, new PE offers were announced with increases once European players started to return from the year-end holidays this week as per the pricing service of ChemOrbis. Most of these hike requests are for €40-60/ton increases, exceeding the rise in the ethylene settlements in the region. Due to the excessive price hike targets on […] Read more »
Industry Teknor Apex to Present Comprehensive Seminar on Phthalate Replacement in Medical PVC Compounds at MD&M West January 10, 2014 by plasticsinfomart PAWTUCKET, RI, U.S.A., January 9, 2014: In a seminar during the MD&M West show next month, Teknor Apex Company will provide systematic information for medical manufacturers facing the complex issues involving replacement of phthalate plasticizers in PVC compounds. The presentation by Vinyl Division industry manager Peter M. Galland will take place from 10:30 a.m. to […] Read more »
Market News RTP Company Introduces Ultra Performance Series of Carbon Fiber Reinforced Thermoplastic Compounds January 10, 2014 by plasticsinfomart WINONA, MINNESOTA, USA — Global custom engineered thermoplastics compounder RTP Company has elevated the mechanical properties of its industry-leading portfolio of high temperature structural products to include new “ultra performance” compounds based on carbon fiber reinforced PEEK, PPA, PPS, and PEI resin systems to create the highest performing thermoplastic products available. “Injection moldable materials with this kind of performance […] Read more »
Processes SIMONA AMERICA INC. acquires Laminations Inc. January 10, 2014 by plasticsinfomart Acquisition adds expertise and process engineering capabilities in fluoropolymers and lining laminates Hazleton, PA— SIMONA AMERICA INC., Hazleton,PA, USA, a wholly owned subsidiary of SIMONA AG, Kirn, Germany,announces its acquisition of Laminations Inc., with headquarters and operations in Archbald, PA, USA. Laminations Inc. is a leading US manufacturer of high-density polyethylene (HDPE) and fluoropolymer sheet products and lining laminates. SIMONA […] Read more »
