Industry News

Overview: Industry News

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AD PLASTIK: Croatian tier 2 supplier buys Hungarian competitor Tisza Automotive

16/08/2018

The Hungarian tier 2 automotive supplier Tisza Automotive has recently been acquired by Croatia's largest supplier of plastic components to the car industry AD Plastik. The Croatian company has become 100% owner of the Hungarian ...
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HIRSCH SERVO: EPS processor generates record sales and earnings / Another plant in Ukraine

16/08/2018

The good economic situation in Germany and eastern Europe, particularly with regard to construction, has helped Austrian EPS processor Hirsch Servo generate record sales and profits. Revenues rose 17% to EUR 114m in the fiscal year ...
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VERCORS: Expansion of production plant in France / New thermoforming machine for large formats

16/08/2018

French thermoforming company Vercors has tripled its production area and invested in a new thermoforming machine for large-size formats at its plant in Loriol-sur-Drôme. Vercors' production area expansion has been completed and now ...
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CROCS: Shoe manufacturer closes factories in Italy and Mexico / Drastic job reduction apparent

15/08/2018

Lightweight foam shoes manufacturer Crocs is downsizing. Following the closing down of its plants in Bosnia, China, Vietnam and Mexico, the company is intending to shutter its remaining production site in Padua / Italy, and in the future ...
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PTT: Thai group forward integrates into PTA and PET / Majority shares in SCG and Mitsui

15/08/2018

Thai conglomerate PTT is planning forward integration of its subsidiary PTT Global Chemical. The company intends to acquire majority shares in Siam Mitsui PTA and Thai PET Resin, for approximately EUR 108m, from Mitsui Chemicals and ...
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SABIC: Polydist UK named distributor for Sabic's Specialties / PC resin and compounds

15/08/2018

Polymer distributor Polydist UK has taken over UK distribution of PC resin and compound grades in the Specialties portfolio of Saudi Arabian petrochemicals and plastics giant Sabic. Pertinent product lines include the high performance ...
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SECOS: New biodegradable resins plant in Malaysia onstream / Capacity expandable to 12,000 t/y

14/08/2018

Biodegradable resins producer and packaging group Secos has a new facility in Malaysia that is now onstream. The new resins-only plant is located in Telok Panglima Garang, a suburb of Kuala Lumpur, and will produce both bioplastic and ...
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INVISTA: Plans for ADN Plant in China / Asian demand exceeds availability

14/08/2018

US PA 6.6 behemoth Invista is reviving plans to build a world-scale plant for adiponitrile in China. The company said it has begun engineering work for a facility that would produce at minimum 300,000 t/y of the key polyamide ...
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STORA ENSO: Wood-based biocomposites as plastics alternative / Consumer goods and industrial applications

13/08/2018

Finnish renewable materials company Stora Enso has launched a range of wood-based biocomposites that it said offers a high-performance and sustainable alternative to plastics. The DuraSense granules are a combination of natural wood ...
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SABIC: Launch of glass fibre-reinforced plastic panels for construction industry

13/08/2018

Sabic has launched its "Stadeck" panels for the construction industry. The new panels are made from glass fibre-reinforced thermoplastic resin, and according to Sabic can be up to 60% lighter than standard wooden planks used in the ...
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