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News by region and country

Europe

02.02.2023 INEOS STYROLUTION  Rollover for GPPS / Premium for HIPS reduced by EUR 10/t

02.02.2023 POLYMER PRICES  Base petrochemicals, aromatics and feedstocks January/February 2023

02.02.2023 LOGISTICS Hapag-Lloyd reports dream earnings / Farewell, 2M: world's largest shipping companies end alliance / Freight rates little changed or lower

02.02.2023 POLYMER PRICES  PVC January 2023: Prices still in reverse / Intense discussions on starting price for 2023 / Demand remains weak / Rollover likely for February

02.02.2023 UPDATE - POLYMER PRICES  PET January 2023: Market unsettled by unclear feedstock costs / Brisk imports more than covering the slight upturn in demand / Renewed reductions despite warehouse restocking / Stabilisation expected

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North America

02.02.2023 BIFFA  UK company now in US hands / American private equity group finalises multibillion pound purchase

02.02.2023 BERRY GLOBAL Tethered caps for Coca-Cola / Compliance with EU directive

01.02.2023 TRINSEO  Major loss expected in 2022 / PMMA, surfaces unit take Q4 hit

01.02.2023 EASTMAN  Cost-cutting plan seeks to save hundreds of millions / Sales decline to continue / Group to extend maintenance cycles, cuts jobs

01.02.2023 UNIGASKET Italian PTFE hose maker buys US-based MTO Hose Solution

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Australia

06.01.2023 AMCOR  Packaging group quits Russia / Sale of three plants / New production facility in China

07.12.2022 AZELIS Acquisition of New Zealand's Chemiplas Agencies / Growth in Asia-Pacific, Australasia

27.09.2022 AMCOR Australian packaging group invests more cash in US firm ePac

06.09.2022 UPDATE - AMCOR Czech flexible packaging plant bought from Russia's Danaflex

26.08.2022 VEOLIA  French waste manager to sell Suez UK ops for over EUR 2 bn / Divestment required to meet merger terms

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Asia

01.02.2023 CHEILJEDANG Biosol JV begins biopolymer compounding in South Korea

30.01.2023 EUROPEAN CAR INDUSTRY  Vehicle registrations tank in 2022 / Sales, production expected to rise this year / Industry shifts dog auto component makers

27.01.2023 EDITORIAL A lot of zeros, but not much behind them – why the announcements of polymer corporations must be put into perspective

25.01.2023 SIBUR  Construction halt for major Russian plasticiser plant / Sanctions hurt exports / Sinopec supports Asian polymer sales

20.01.2023 LOGISTICS  Desperate search for ”Putin-free” route from China to Europe / Clearly more transport supply than demand on roads / Freight rates largely unchanged

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South America

30.01.2023 RECYCLING Plastics recycling advances in Europe, Africa, South America / Equipment, material developments abound / Modifier launched for rPP

30.01.2023 BRASKEM Brazilian petchem giant sources circular feedstocks from Nexus / Deal for polyolefins to run for a decade

24.01.2023 BRASKEM  Plans to study bio-based PP production in the US

06.01.2023 BRASKEM Acquisition of taulman3D / Deal strengthens materials business for fast-growing 3D printing market

14.12.2022 NUOVAPLAST Sale of preform producer to Brazil's Valgroup / Processing of 75,000 t PET

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Africa

30.01.2023 RECYCLING Plastics recycling advances in Europe, Africa, South America / Equipment, material developments abound / Modifier launched for rPP

10.01.2023 TEMPO PACKAGING Nigerian film manufacturer installs Brückner BOPP line

06.12.2022 HONEYWELL First chemical recycling facility in Egypt / Agreement signed with Environ Adapt

25.11.2022 POLYURETHANE MARKET  Economic uncertainties dampen demand in EMEA and Americas / Production static in Europe in 2022 but up in Americas / IAL Consultants reports

22.11.2022 PLASTICS AND CLIMATE  Plastics under attack at COP27 / UN agencies blame materials for waste, climate change / Official says, 'The future is not plastic'

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