Posts Tagged ‘european’

Developments in Thin Wall Packaging

Applications of thin wall packaging range from dairy ice cream tubs and yogurt pots to ready meals, bakery trays and long-life jar and can replacements. Applied Market Information LLC launched a new packaging event- Thin Wall Packaging Films 2012

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Naphtha margins in Asia at month highs, margins under pressure from rising Brent

Naphtha prices in Asia were at a month high on Wednesday, but margins, after surging 18% to a month high the previous day, came under pressure from this week’s rise in Brent crude prices as per Reuters. Front-month, H2-August open-spec naphtha price stood at US$799/ton, while while margins fell nearly 10% toUS$54.48/ton. Higher price of feedstock naphtha could be a source of concern for petrochemical makers as demand for petrochemicals including plastics has been slow due to the European debt crisis

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Italian processor invests at facilities in India and Mexico

Italian moulding and compounds company Finproject is making new investments to the tune of ?8m at facilities in India and Mexico as part of its international expansion strategy, as per European Plastics News. The company produces more than 30,000tpa of vinyl and polyolefin compounds for various sectors, but it is most closely associated with footwear, in particular Crocs EVA foam clogs. Finproject?s moulding division also makes soles, sandals and boots with polyolefin compounds bearing its own brand name XL Extralight for customers such as Hugo Boss and Samsonite

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Lukoil deays reopening of polyethylene production at fire-damaged Stavrolen chemicals site

Russia?s leading independent oil producer Lukoil has had to put back the re-opening of polyethylene production at its fire-damaged Stavrolen chemicals site by four months due to delayed equipment supply, as per European Plastics News. Earlier this year, production was estimated to restart in early April, following a devastating ?20 mln blaze in the site?s ethylene plant in mid-December 2011. But persistent delays in procuring plant equipment from overseas have deferred start up of ethylene unit until August.

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Lukoil to reviveg polypropylene production at Stavrolen post fire related shutdown

Russia’s Lukoil is close to reviving polypropylene production at its Stavrolen chemicals site in Budyennovsk, following a major fire at the end of 2011, as per European Plastics News. The mid-December blaze in the ethylene plant caused damage over €20 mln and also halted all production of polyethylene and PP at the site. Lukoil has managed to secure a supply of propylene to the site from its Karpatneftekhim petrochemicals plant in the Ukraine and from other Russian producers.

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Conference on High Performance Plastics and Rubber Machines for the Indonesian Market

For the first time, VDMA (Verband Deutscher Maschinen- und Anlagenbau – German Engineering Federation), the largest European engineering association will present a two day plastics and rubber conference on pre-processing, auxiliaries and peripherals, industrial and consumer packaging, infrastructure, energy efficiency for Indonesian plastics converters and users. Speaking at the conference are market leaders that include Kiefel GmbH, ARBURG GmbH + Co KG, UNICOR GmbH, SCHWING Fluid Technik GmbH, KraussMaffei Technologies GmbH, and many more.

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Russian state-owned nanotechnology corporation launches production of polymer nanocomposites

A company, backed by Rusnano, the Russian state-owned nanotechnology corporation, has launched the production of polymer nanocomposites using nanosilicates for applications including packaging, cable insulation and steel pipeline coating, as per European Plastics News. The 48 mln euro (US$64.4 mln) project will produce both nanosilicates and polymer nanocomposites.

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Polymeric foams market faces subdued demand, future growth possible on manufacturer initiatives

Though the polymeric foams market faces subdued demand in recent times, future growth would be favored by manufacturer initiatives such as introduction of classification-free PU foams, and emerging applications such as foamed PVC for windows, doors and house siding, and use of cross-linked polyolefin foam in sports and leisure goods, as per Global Industry Analysts, Inc.

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SCG, Thai Plastic and Chemicals, QPI Vietnam, PetroVietnam, Vinachem ink

Siam Cement Group (SCG), Thai Plastic and Chemicals, QPI Vietnam (a subsidiary of Qatar Petroleum International), PetroVietnam and Vinachem have signed a joint venture agreement to invest in Vietnam’s first petrochemicals complex. SCG announced the signing in a statement to the Stock Exchange of Thailand. As per GTForum, a final investment decision is expected in 2013 and commercial operation of the US$4.5 bln project is expected within 4-5 years after the start of construction.

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Growing demand for petrochemicals in China creates opportunities for JVs with US and European companies

China has surpassed North America and Europe as the largest consumer of petrochemicals in the world, creating opportunities for joint ventures with US and European companies, a report by GlobalData has found. China has established itself as the frontrunner in the global petrochemicals market, largely due to impressive demand from its large population

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