INDUSTRY NEWS
Overview: Industry Today
BRASKEM: Collaboration with Lummus on green ethylene / Support for circular economy
16/05/2022
As demand for green ethylene continues to grow, Brazils Braskem, the largest polyolefins producer in the Americas, has signed an agreement with US engineering contractor Lummus Technology to support the worldwide use of bioethanol in ...PRIMO: Danish profile producer expands in home country / Acquisition of Epsotech plant in Tistrup
16/05/2022
Profile manufacturer Primo said it plans to take over the Danish plastics fibre production plant of German film and sheet extruder Epsotech. No financial details were disclosed. The deal for the 13,000 m² facility in Tistrup, located ...BOREALIS: JV with Reclay to recycle lightweight packaging waste
16/05/2022
Polyolefin manufacturer Borealis has advanced its cooperation with Reclay Group announced at the beginning of the year with the creation of a joint company. The plan is for their Herborn-based Recelerate venture to receive lightweight ...RADICI: PA specialist buys Engineering Plastics unit from India-based Ester / Move to strengthen position in Asian market
13/05/2022
Italian PA producer Radici says it has paid some EUR 35 mn for the Engineering Plastics division of India-based Ester Industries. The unit includes compounds based on polyamides, polyesters, polycarbonate, ABS, POM, and polypropylene, ...BRASKEM: Partnership with Danish Plastix to market recycled plastics waste from fishing nets
13/05/2022
Braskem said it is supporting the efforts by Danish company Plastix to market recycled plastics fibre waste of old fishing nets and other marine debris collected at various ports. A Braskem press release said it has joined forces with ...PLASTIC FANTASTIC: Pick a card, or pick three
13/05/2022
Last week in Paris, the reality of technology caught up with me once again. We fly to the moon and lay miles of pipe in the deep sea, but we are unable to leave a hotel room and keep charging a laptop or cell phone inside. And this fails ...PLASTIC OMNIUM: Lighting division created after acquisition of operations from Varroc, Osram / Q1 sales fall due to problems in Europe
12/05/2022
French automotive supplier Plastic Omnium has announced the EUR 600 mn cash acquisition of the lighting division of Indias Varroc Group, which specialises in drivetrains, E&E, and body and chassis components for cars and ...AD PLASTIK: War, chip shortage nearly wipe out all Q1 net profit for auto supplier / Demanding period ahead
12/05/2022
Leading Croatian car industry supplier AD Plastik says net profit last quarter fell almost 98% to HRK 0.6 mn from the year-earlier period due to effects from the Ukraine war and problems with securing semiconductors. The companys ...GERMAN ECONOMY: Exports down in March / Flow of goods to Russia slumps as expected
12/05/2022
German exports fell 3.3% in March from February levels as imports rose 3.4% on the month, according to Germanys Federal Statistics Office. The provisional data said exports increased 8.1% and imports surged 20.3% versus March 2021. ...STREETSCOOTER: Deutsche Post sells electric transporter production to Odin Automotive / Second assembly line in US
12/05/2022
Theres life in the old dog yet: first, electric van producer StreetScooter was recently split into production and fleet management. Now, the companys parent, German postal service Deutsche Post, has sold 90% of its production division ...