Archive for the ‘Plastic Products’ Category

Egyptian buyers unhappy with new protection fees on homo-PP imports

The Egyptian government implemented a protection fee of 15% on all homo-PP imports effective for 200 days from June 5 to December 22, 2012, as per ChemOrbis. Egyptian PP producer EPPC pointed to strong competition from lower priced import cargoes as support for the new measures, but buyers have expressed anger regarding the new protection measures, which they feel to be unjustified. Egypt?s Chamber of Industry has also protested the new protection fees, arguing that the new measures will hamper the country?s export trade in finished plastic products while adding that EPPC?s production is not large enough to satisfy the market?s needs

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Global molded plastics market is projected to reach 157 mln tons by 2017

The global Molded Plastics market is projected to reach 157 mln tons by the year 2017 as per GIA. Economic revival, rise in spending power, rapid industrialization, and strong demand from end-use markets of packaging, construction, food & beverage auger well for the Molded Plastics market. Long-term growth will stem from developing markets of Asia, Eastern and Central Europe, and the Middle East.

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Mold operators halve energy costs, improve cycle time using innovative salt water technology

Leading plastic mold operators are turning to an innovative dehumidification and air conditioning technology manufactured by Advantix Systems to reduce their energy use and increase production capabilities in their facilities. The technology, which was recently featured at NPE 2012 in Orlando, FL, is based on liquid desiccant, and offers the plastic mold industry a proven heating, ventilation and air conditioning (HVAC) solution that can achieve major energy savings and improve molding cycle times by as much as 35%. TSE Industries, Inc., based in Clearwater, FL, is a contract manufacturer of custom polyurethane systems, rubber and plastic products and the worldÂ’s largest manufacturer of millable polyurethane rubber.

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Global plastic film and sheets market forecast to reach 56.6 mln tons by 2017

The global Plastic Film and Sheets market is forecast to reach 56.6 mln tons by 2017, mainly driven by burgeoning demand from end-use markets, competitive advantages over traditional paper and foil, and technological advancements, as per GIA.

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Steady polyethylene, polypropylene demand in Africa expected in 2012

No major fall in overall polyolefin demand in Africa is expected in 2012, despite Africa’s vulnerability to the ripple effect from the eurozone debt crisis. This could be attributed growth in domestic consumption that will offset Africa’s exposure to domestic and international crises and help to sustain current levels of polyolefin demand, as per ICIS

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Two dollar spike in crude prices pulls down naphtha margins in Asia

Naphtha margins in Asia have taken a hit as crude prices jumped by over two dollars a barrel on Wednesday. Cracks for the H1-February fell by over 8 dollars to US $110.48/ton, as per Reuters. The dip is in line with a drastic fall in European naphtha cracks on Tuesday

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Indian rotomolder joins hands with Thai companies: donates flood relief boats

Leading Indian rotomolder, Fixopan Machines Pvt Ltd, joined hands with Srithai Superware PCL, SCG Chemicals and Thai National Shippers Council to manufacture and donate Flood relief Boats to assist the Flood relief agencies in Thailand.

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Cereplast extends supply agreement with ColorTec to markets in Italy and Slovenia

Leading manufacturer of proprietary biobased, compostable and sustainable plastics, Cereplast Inc., has extended its agreement with Italy-based ColorTec S.r.l to supply bioplastic resin to the Italian and Slovenian markets. The new supply agreement is effective from November 4, 2011 through December 31, 2012

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Uncertain outlook for European plastics industry: demand recovers in 2010 and 2011

2010 saw a recovery in demand for most thermoplastics, after two of the worst years the industry has seen since the oil shocks of the 1970s, as per AMI’s European Plastics Industry Report 2011. After a drop in demand of over 15% over the period of the recession, volume demand showed a modest 4% recovery in 2010 bringing total demand to just over 37 mln tons. The market has been driven by a strong recovery in German-speaking Europe and by a reversal in the fortunes of the automotive industry, which had been one of the sectors hardest hit by the downturn.

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Unique material to cost-effectively raise the renewable content of plastic products by 40%

Bio-Res, a patent pending product for the plastic molding market has been introduced by Laurel BioComposite LLC.

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