Market News Production shutdowns planned in Middle East in January December 27, 2012 by plasticsinfomart Middle Eastern suppliers have been talking about their limited allocations for PP and PE in global markets, as per the pricing service of ChemOrbis. After Saudi Polymers shut its new Jubail complex in November, other producers have been added to the list of shutdowns recently reported out of the region. Saudi Polymers was expected to […] Read more »
Industry Sipa joins hands with Canada’s Athena Automation for better productivity December 27, 2012 by plasticsinfomart According to the latest plastic industry news from Europe, Italian blow moulding machinery maker Sipa is all set to join hands with Athena Automation. The move was taken after viewing the fact that there is a need for a system that could improve our work efficacy and demand. blow moulding machinery maker Sipa is teaming […] Read more »
Industry Fate of Bioplastic Industry in the European Region December 26, 2012 by plasticsinfomart There is a tremendous scope of bio-plastic industry in the region of European Union that is being revealed in the latest conference held in the Netherlands. The occasion was of “Renewables Plastics conference” that took place in 25-26 September, 2012 where various experts and leaders from the plastic industry congregated and convened to explore the […] Read more »
Industry Germany's Plastic Giant Balda Acquiring U.S. Medical Molder C. Brewer December 26, 2012 by plasticsinfomart According to the latest news from European plastic industry Balda AG of Bad Oeynhausen, Germany, is all set to acquire U.S. Medical Molder C. Brewer. The deal is being viewed as one of the most significant developments in the European plastic industry as it would help the country meet the growing need of medical molders […] Read more »
Market News US olefin prices surge on unexpected production outages December 26, 2012 by plasticsinfomart Spot olefin markets recorded noteworthy increases over the past week in the US mainly driven by unexpected cracker outages that occurred in the country, as per the pricing service of ChemOrbis. Firmer energy prices during the past week also contributed to the ongoing bullish trend while cumulative increases since the beginning of December reached over […] Read more »
Market News GPPS prices surpass 2008 peak December 24, 2012 by plasticsinfomart Import PS prices surpassed their 2008 levels in China, Southeast Asia and Egypt while they are at a year’s high level in Turkey, as per the pricing service of ChemOrbis. Higher styrene costs, supported by the upstream benzene market, where availability is tight, helped GPPS prices to move up in these markets. However, in Asia, […] Read more »
Market News Plastic exporters see huge potential in African markets, eye 20% growth in exports in FY14 December 24, 2012 by plasticsinfomart MUMBAI: Indian plastic exporters foresee a huge growth potential in Middle East and African markets and eyeing nearly 20 per cent growth in shipment of plastic products and 22 per cent in machinery in the upcoming financial year (2013-14). Plastics Export Promotion Council (PEPC) Executive Director Ranjan Kalyanpur said, “There is huge potential in the […] Read more »
Market News Delhi govt launches drive to check compliance of blanket ban on plastic bags December 24, 2012 by plasticsinfomart NEW DELHI: The environment department of Delhi government has launched a drive to check compliance of the blanket ban on use of plastic bags across the city. As part of the drive, 25 teams from the environment department carried out checks in all shopping malls and five-star hotels in city. The teams found violations of the […] Read more »
