INDUSTRY NEWS
Overview: Industry News
IDE-PRO: Scandinavia's largest injection moulding machine purchased
19/08/2019
Idé-Pro, a specialist for injection-moulded prototypes and small series production, has expanded its capacities just a few months after investment firm Blue Equity acquired half the companys shares see Plasteurope of 24.04.2019. In ...PETROCHEMICAL MARKETS: Ethylene: ExxonMobil has unplanned shutdown of Fife cracker in Scotland
19/08/2019
The Fife cracker in Mossmorran / UK is currently offline. On Monday, 12 August 2019, ExxonMobil Chemical shut down the plant due to mechanical failure of two boilers. Emergency flaring was required before shutting down operations. On 15 ...LEONI: Foundation stone laid for plant extension in Mexico / More cables for electric vehicles
19/08/2019
Despite its difficulties see Plasteurope of 15.08.2019 automotive parts supplier Leoni is to invest in the expansion of its cable production facility in Cuauhtémoc / Mexico. The intention is, from 2020, to also manufacture EV-charging ...MICROPLASTICS: Aimplas project to probe wastewater treatment technology in Valencia / Standardised methodology is needed
16/08/2019
Spanish plastics technology centre Aimplas has launched its Microplast project, which will focus on developing a standardised methodology to detect, quantify and remove microplastics at waste water treatment plants. The centre plans to ...DRAKA: PVC film manufacturer now history / Dutch plant to be dissolved following bankruptcy
16/08/2019
On 11 July 2019, Draka Polymer Films entered bankruptcy proceedings. Hilco Industrial acquired the companys assets on 26 July, including machinery and equipment, raw materials and intellectual property rights. The site, which has been ...OSTENDORF: Acquisition of Spain's Adequa still not complete
16/08/2019
The takeover of PVC sewage pipe systems manufacturer Adequa by Germanys Ostendorf Kunststoffe see Plasteurope of 02.07.2019 has not yet closed. Due to ongoing discussions between the potential seller, Coemac, and Adequas creditors, ...LEONI: Restructuring expert to monitor auto supplier's strategy / Creditors stay quiet
15/08/2019
The poor figures delivered by automotive parts supplier Leoni in Q1 2019 have evidently worried the creditors to such an extent that, despite the strategic cost-cutting programme Value21 drawn up in Q4 2018, restructuring expert ...INEOS STYROLUTION: Construction of new ASA plant begins in Bayport / ASA production to be transferred from Mexico
14/08/2019
Ineos Styrolution said it has started construction of its new 100,000 t/y acrylonitrile styrene acrylate plant in Bayport, Texas / USA. The new plant is expected to be operational by 2021 see Plasteurope of 07.01.2019. The company said the ...KAUTEX TEXTRON: Textron group considers sale of fuel tank and blow moulding specialist
14/08/2019
US multi-industry group Textron is examining strategic alternatives for its fuel tank and blow moulding specialist, Kautex Textron. According to Textron CEO Scott Donnelly, the possible options include the divestment or stock market ...DUPONT: Q2 showing weaker but still solid / Outlook murky for automotive and E&E
14/08/2019
In its first quarterly report following the separation from DowDuPont see Plasteurope of 13.06.2019 the new DuPont has forecast a decline in organic sales for full year 2019 on the back of weakening industrial markets, in particular ...