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Overview: Industry News

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Lanxess: Price increase for hexanediol

28.02.2024

Specialty chemicals company Lanxess is raising its prices for 1,6-hexanediol (HDO) worldwide by EUR 500 per metric ton with immediate effect. HDO is an important precursor for..
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RÖHM: PMMA expansion in Germany put into operation

28.02.2024

After some delay, German chemical company Röhm has commissioned the expansion of the plant for impact-resistant polymethyl methacrylate moulding compounds at its largest production site worldwide in Worms, Germany. With the capacity ...
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SUKANO: Swiss compounder acquires Hungarian rival Kays

28.02.2024

Swiss masterbatch and compound manufacturer Sukano recently announced its acquisition of a majority stake in Hungarian rival Kays. Neither party disclosed details of the transaction. Both companies will continue operating independently ...
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SOURCE ONE PLASTICS: Sorting plant in Germany goes into operation / Source material for LyondellBasell recycling

28.02.2024

Source One Plastics has commissioned a sorting and recycling plant for plastic waste in Eicklingen in Lower Saxony, Germany. The joint venture between 23 Oaks Investments and LyondellBasell reports that the plant has an expected ...
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TETRA PAK: EUR 40 mn investment to boost polyAI recycling capacity

28.02.2024

Tetra Pak said it invested EUR 40 mn last year to boost the recycling capacity for carton packages in Europe, and plans to increase the amount further over the coming years. The investment includes a project to build a new recycling line ...
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GRUPA AZOTY: Major upheaval in management board / Donald Tusk's new Polish government drives change

27.02.2024

Petrochemical and polymer group Grupa Azoty is seeing changes in top management. The company recently announced the removal of CEO Tomasz Hinc and his colleagues Mariusz Grab, Filip Grzegorczyk, Grzegorz Kądzielawski, and Marcin ...
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INDORAMA: FY 2023 revenue down 17% as EBITDA shrinks by half / PET, Fibre assets undergo strategic review

27.02.2024

Major PET producer Indorama Ventures said full year 2023 revenues declined 17% to USD 15.6 bn on the back of a challenging macroeconomic environment, the Ukraine war, inflation, high interest rates, and sluggish economic growth in ...
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EUROPEAN ECONOMY: Morale in German plastics industry deteriorates ifo / Manufacturers voice further concerns / Brighter outlook for services in Germany, Europe

27.02.2024

The mood among German companies in the manufacturing sector fell to their lowest level in over three years this month, while confidence within the plastics industry continued to wane, according to the latest survey from the Munich-based ...
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CCL INDUSTRIES: New site for Austrian sleeve labels production

26.02.2024

In January, packaging manufacturer CCL Industries moved into a plant in Dornbirn, Austria, for the production of sleeve labels. The company announced that the new production site replaces the smaller, older facility in Hohenems, only 7 ...
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PLASTICS RECYCLING: RecyClass launches modules to strengthen closed-loop recycling certification

26.02.2024

RecyClass has developed two new modules to strengthen the certification of closed- and controlled loop recycling. The plastics recycling auditing scheme said the documents marked a significant step in the transparent reporting of the ...
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