Industry News

Overview: Industry News

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BOREALIS: Quarterly profit down along with higher sales / Declining polyolefin margins

18/08/2017

Plastics producer Borealis posted a second-quarter net profit of EUR 261m, down 15.5% from year-earlier EUR 309m on the back of softer European integrated polyolefin margins and continuing weakness in the fertiliser business environment. ...
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FIBERLINE COMPOSITES: Joint venture formed with Schöck to boost use of glass fibre in concrete reinforcement / New plant in Germany to start up in 2019

18/08/2017

Denmark's Fiberline Composites and German building components and systems supplier Schöck have formed a joint venture that is intended to widen the use of glass fibre for reinforcing concrete. The managing director of the new company is ...
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PHILLIPS CARBON BLACK: Indian carbon black producer expands capacity

18/08/2017

The largest Indian carbon black producer Phillips Carbon Black plans to expand capacity at two of its four sites in the country. Production at two sites in Gujarat state, in Palej and Mundra, is to be boosted by around 80,000 t/y. The ...
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FOAMPARTNER: Sale of share in joint venture Woodbridge FoamPartner / High raw material costs push down half-year EBIT

18/08/2017

Swiss PU foam producer FoamPartner has sold its 51% share in joint venture Woodbridge FoamPartner to its jv partner, The Woodbridge Group. The sale has been backdated to 1 July 2017 and a delivery agreement concluded with the Canadian ...
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PACKAGING RECYCLING AUSTRIA: ARA collected 534,000 t of separated waste in first half of 2017 / Collection volumes grew for all materials

17/08/2017

In the first half of 2017, Austria's leading packaging collection system operator Altstoff Recycling Austria collected more than half a million tonnes of packaging and waste paper - 534,000 t to be precise. This corresponds to a 0.9% ...
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FAIRS: "Utech Europe” PU trade fair to take place in Maastricht in May 2018

17/08/2017

The "Utech Europe” polyurethanes conference will be held in Maastricht / The Netherlands from 29 - 31 May 2018. The three-day event is organised by Crain Communications. Utech Europe 2015 had over 8,650 people attend over the course of ...
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PLAX GROUP: Italian plastics processor takes over competitor Meccanica

17/08/2017

Injection moulding machinery and tool manufacturer Meccanica GM has been taken over by the Plax Group. Meccanica's founders will continue to work with the company for several years until its full integration into the Plax Group, ...
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Evonik: Price increase for aliphatic diisocyanates and derivatives

17/08/2017

Evonik raises the prices for its aliphatic diisocyanates and derivatives, offered under the brand names "Vestanat" and "Vestagon" up to 10% on a global basis with immediate..
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DRÄXLMAIER: Third automotive wiring harness plant in Moldova to open in autumn

17/08/2017

German automotive supplier Dräxlmaier has set up a third plant in Balti / Moldova for manufacturing wiring harnesses. According to administration at the special economic zone there, the production facility is scheduled to begin ...
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JUPITER BACH: Danish wind turbine components supplier expands in Poland

16/08/2017

Due to increasing demand for larger machine and hub housings for wind turbines, Jupiter Bach is currently expanding its manufacturing facility in Police / Poland. The company reported that the 6,000 m² expansion, which will double the ...
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