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In the Spotlight

EASTMAN

Definite agreement to acquire fellow US specialty chemicals producer Solutia / Transaction valued at USD 4.7 bn / Official go-ahead expected by mid-2012 / Annual cost synergies of about USD 100m

27.01.2012 Leveraging synergies in the US specialty chemicals market, Eastman Chemical (Kingsport, Tennessee / USA; www.eastman.com) on 27 January announced that it had signed a definite agreement to acquire fellow US specialty chemicals producer Solutia (St. Louis, Minnesota; www.solutia.com). The transaction...

26.01.2012 KEYUAN PETROCHEMICALS  Constructing new ABS plant in China's Guangxi province

25.01.2012 GERMAN PLASTICS ECONOMY  Slower growth in H2 2011 / Stabilisation at high level looks likely in 2012 / Euro crisis looms on the horizon

24.01.2012 POLYMER PRICES  Polyurethane feedstocks in January 2012: TDI reverses and points upward /MDI and polyols in strong rollover / Balanced supply, improved demand / Only building still soft / MDI producers seek fresh hikes

23.01.2012 UK RECYCLING MARKET More plastics recycling a key focus for 2012 / Increasing emphasis on mixed waste streams / Novel technology needed

Year in Review

Plastics industry braces for fresh surprises and more business as usual in 2012 / Price volatility and economic uncertainty / For some segments 2011 beats expectations / Fracking and plastic bag ban are key issues

As old man 2011 prepares to depart for parts unknown he may have a few words of advice for baby 2012 – the most important being “Keep your head down, kid.” Indeed, the newcomer will need nerves of steel to keep from bending as the financial and political actors go through their typical gyrations and put the rest of the real economy under pressure.

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• Base petrochemicals, aromatics and feedstocks in January 2011
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• Composites/GRP in January 2011
• Standard Recyclate in January 2011
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Latest News

27.01.2012 INDORAMA VENTURES PTA and PET project planned in India / Investment cost estimated at USD 700m / Joint venture with Indo Rama Synthetics (India)

27.01.2012 BASF  North American PA 6 price hike

27.01.2012 HDPE China accounted for almost one third of global demand in 2011 / Middle East has become world's third-largest production region / Emergence of bimodal resins allows for higher-value applications / Latest GlobalData report

27.01.2012 ARKEMA  Higher prices for “Garbeflex” plasticisers

27.01.2012 SUMITOMO Withdrawal from SM joint venture with Denka / Slack demand, overcapacity hit Japanese players

27.01.2012 DUPONT  Operating profit in Performance Materials segment falls in 2011 / Q4 sales increase thanks to higher product pricing

27.01.2012 POLYMERA  Expansion of wood polymer composites compounding plant in USA

27.01.2012 TRELLEBORG Select French automotive operations divested / Transaction to be finalised in Q1

27.01.2012 PLASTIC FANTASTIC Walk like an... Amazonian!

26.01.2012 INEOS CHLORVINYLS  Immediate price increase for PVC

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Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.