This Week's Top Stories: Wednesday, 30th July 2014
Reynolds may sell Closure Systems International unit
Packaging giant Reynolds Group Holdings has put its closures business under review. Closure Systems International is a major producer in plastic and aluminium closures with more than 30 manufacturing sites in more than 20 countries around the world.
EU Commission: energy savings of 30% for 2030
The European Commission has proposed an energy savings target for 2030 of 30%. The Commission states that the proposed target goes beyond the 25% energy savings target that is needed to achieve a 40% reduction of CO2 emissions by 2030.
Ukraine group may have to sell TiOx plant in Crimea
Group DF, the industrial business of Ukrainian tycoon Dmitry Firtash, may be forced to sell off Eastern Europe’s biggest producer of titanium oxide, Crimea Titan following the Russian invasion of the Crimea.
BASF announces growth in second quarter 2014
Germany-based chemical giant, BASF, has announced a 1% growth in sales for the second quarter of 2014 compared to the same period in 2013, reporting sales of €18.5bn. EBIT increased by €246m to €2.0bn compared with the previous second quarter.
Bayer teams up with Andiamo Luggage
Bayer MaterialScience has partnered US-based travel goods manufacturer Andiamo Luggage to create a special plastic for suitcases that is scratch resistant and particularly lightweight.
Report says Europe’s biodegradable use to grow
The biodegradable plastics market in Europe is forecast to witness 12% compound growth during 2014-19, according to TechSci Research’s ‘Europe Biodegradable Plastics Market Forecast & Opportunities, 2019’ report.
Witte expands in Germany and the US
Witte Pumps & Technology, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the company is also beefing up its US operation. The new plant in Tornesch, Germany has 3,500 square meters of production space.
Russia's Polidin to launch new PC sheet plant
A Russian company is due to launch the first phase of a new plant to produce polycarbonate sheet in the southern region of Krasnodar of Russia in August 2015, according to regional media reports.
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