News, Industry Events and Developments in the Plastics Industry
Daily news on polymer and oil prices, business, exhibition, trade fairs, plant shutdowns, mergers and acquisition, capacity expansion and product launches from the plastics industry in India and the world
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- Oil Prices drop below US$70 on weakening demand and rising inflation
Weakening demand and rising inflation have triggered a 3% drop in oil prices, as prices dropped below US$70. Light, sweet crude for June delivery fell to US$69.41 a barrel on the New York Mercantile Exchange.
Wed, 31 May 2006 04:01:00 -0400 - Austrotherm to invest 5 mln Euro in second EPS unit in Romania
The Austrotherm group is Central and Eastern Europe's leader in the field of thermal insulating materials. Austrotherm continues its growth in Romania with the opening of its second expanded polystyrene (EPS) production unit at Horia, at an investment of 5 million Euro.
Wed, 31 May 2006 04:01:00 -0400 - PTT in US$526 mn JV with Japanese companies
PTT in US$526 mn JV with Japanese companies
Wed, 31 May 2006 04:01:00 -0400 - Solvay completes acquisition of polymer division of Gharda
The Solvay Group has successfully completed the acquisition of the Polymers Division of Gharda Chemicals in India. The Polymers Division of Gharda Chemicals has annual sales of over US$ 10 million, and it operates an R and D center and production plant in Panoli, Gujarat.
Wed, 31 May 2006 04:01:00 -0400 - Owens Corning acquires Asahi's composites business
Owens Corning has acquired the composites business of Japan's Asahi Fiber Glass Company. Owens Corning is a world leader in building materials systems and composite solutions.
Wed, 31 May 2006 04:01:00 -0400 - Zimmer sells subsidiary to India based marketing and trading arm
Zimmer sells subsidiary to India based marketing and trading arm
Wed, 31 May 2006 04:01:00 -0400 - IDBI suffers setback in HPL issue
The Industrial Development Bank of India (IDBI) has suffered a setback due to rejection of its petition by the Delhi High Court.
Wed, 31 May 2006 04:01:00 -0400 - Bayer hikes global PC capacity to 1 mln tpa
Bayer MaterialScience's global Polycarbonate (PC) capacity has touched the figure of one million tpa, in line with planned expansion to keep up with an estimated 8% annual growth for polycarbonate in the coming years.
Wed, 31 May 2006 04:01:00 -0400 - Oil prices hover above US$72
Crude futures dipped below US$73 a barrel after the International Energy Agency reduced its 2006 world oil demand forecast.
Wed, 31 May 2006 04:01:00 -0400 - New bioplastic for use in automotive interiors
Mazda in conjunction with Nishikawa Rubber Co., Hiroshima and Kinki Universities, has developed a new high-strength, heat resistant bioplastic for use in automotive interior parts.
Wed, 31 May 2006 04:01:00 -0400 - Rosneft mulls petrochem complex in Russia
Rosneft is mulling construction of a petrochemical complex at the Komsomolsky oil refinery in Russia's Far East in a project aimed to expand the oil refinery and to produce products including propylene, ethylene and benzol.
Wed, 31 May 2006 04:01:00 -0400 - SolVin to invest E50 mln to redeploy vinyls production
SolVin has invested EUR 50 million to redeploy its manufacturing activity on a limited number of sites where production capacity will exceed 300,000 metric tpa each.
Wed, 31 May 2006 04:01:00 -0400 - DuPont's new TiO2 Plant in China
DuPont Titanium Technologies plans to build a new world-class titanium dioxide plant at Dongying, Shandong Province, PRC.
Wed, 31 May 2006 04:01:00 -0400 - Oil prices linger above US$68
U.S. government data released on Wednesday indicated that the domestic supply of gasoline rose for the third straight week amid stagnating demand, growing by 1.3 million barrels last week.
Wed, 31 May 2006 04:01:00 -0400 - New petrochem project in Yanbu at investment of SR 1,900 mln
New petrochem project in Yanbu at investment of SR 1,900 mln
Wed, 31 May 2006 04:01:00 -0400
