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The European part of South Korea’s Songwon Industrial, Songwan International, and Swedish-Russian distribution company, UTS, have signed an agreement to supply additives for Russian plastics and petrochemicals group Sibur’s production facilities. 24 October 2014
The volume of glass fibre reinforced plastic (GRP) made in Europe is set to grow by over 2% in 2014 to reach 1.04m tonnes, according to a report from the German association AVK. AVK’s report is based on data from European countries apart from Turkey, which is recorded separately due to the lack of long-term data.  24 October 2014
Polish manufacturer Aksbud System has unveiled plans to launch production of expandable polystyrene (EPS) panels stitched with a double layer net, also known as Concrewall, at a facility located in Ozimek, in Poland’s south-western Opolskie region. 24 October 2014
North American compounding leader PolyOne saw its third-quarter profit increase, even as sales fell vs. the year-ago period. 24 October 2014
A number of investment groups are reported to be interested buying Bayer’s MaterialScience operation, valued at around €10bn. 24 October 2014
Dow Chemical has announced its third quarter results for 2014 showing a 5% increase on the third quarter of 2013, rising to $14.4bn (€11.4bn) from $13.7bn (€10.8bn). 23 October 2014
Reinhausen Plasma has been renamed Relyon Plasma following a management buyout in July 2014 by Dr Stefan Nettesheim and Klaus Forster.  23 October 2014
Gurit, the Swiss composite materials group, said net sales for the first nine months of 2014 had risen 21.9% compared with the same period last year, but said third quarter revenues were down on the previous three months. 23 October 2014
Executives with materials maker A. Schulman have to be smiling after seeing full results for the firm’s 2014 fiscal year. Sales at Ohio, US-based Schulman grew almost 15% to more than $2.4bn (€1.9bn) in the year ended 31 August, while profit more than doubled to almost $57m (€45m). 23 October 2014
Plastic sheet leader Klöckner Pentaplast Group is no longer for sale, according to a 21 October Reuters article. Connecticut, US-based investment firm Strategic Value Partners canceled plans to sell Klöckner Pentaplast after bids came in “well below” the firm’s asking price of $1.9bn (€1.5bn), according to the article.  22 October 2014
Lifocolor s.r.o. is investing more than €4m to construct a new 4,200 square metre colour masterbatches production complex in Brno in the Czech Republic.  22 October 2014
Materials firm Celanese has acquired most of the assets of conductive polymers maker Cool Polymers for an undisclosed price. 22 October 2014
Large-scale investment in African countries makes the region “one of the most exciting markets for polymers in the world today”, says Applied Market Information (AMI), the UK-based research consultancy. 21 October 2014
Trinseo, formerly known as Styron, is realigning its business divisions, creating two new business groups — Performance Materials and Basic Plastics and Feedstocks, and changing roles for some top executives. 21 October 2014
Swedish polymers group Hexpol is to acquire the rubber compounding division of Vigar Group, the Spain based plastics and rubber compounder and finished products maker, including a plant in Germany. The €19m deal to purchase the business from Vigar’s founding family is due to be completed, subject to approvals, by year end. 20 October 2014

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