This Week's Top Stories: Wednesday, 19th November 2014
Europe agrees provisional deal to cut plastic bag use
Representatives of the European Parliament and the European Union’s (EU) Council of Ministers agreed on a provisional deal last night (17 November) to reduce the use of lightweight plastic bags in the EU. However, the agreement has to be confirmed in unanimity by EU member states’ top diplomats meeting in the so-called ‘Coreper’ committee on Friday, 21 November.
DSM opens international research centre
Netherlands-based materials company Royal DSM, has announced the opening of its new research centre on the Brightlands Chemelot Campus in Sittard-Geleen, the Netherlands.
M&G Chemicals issues €241m in new equity to TPG
Italy-based M&G Chemicals, a chemicals company and supplier of PET, has announced that it has signed an agreement to issue $300m (€241m) in new equity to TPG Opportunities Partners and affiliated funds (TPG).
Benecke-Kaliko acquires two Mecaseat companies
Hanover, Germany-based Benecke-Kaliko Group has announced that it is expanding production of foils for car interiors in Southern and Eastern Europe.
BASF completes sale of share in Styrolution to Ineos
Germany-based chemicals giant BASF has announced that it has completed the sale of its 50% share in Styrolution, a global styrenics supplier, to Switzerland-based Ineos.
Commission clears acquisition of Vestolit by Mexichem
The European Commission has approved the acquisition of Vesto PVC Holding ("Vestolit") of Germany by Mexichem S.A.B. de C.V. ("Mexichem") of Mexico.
Dow moving ahead with plastics expansion plans
Dow Chemical is moving ahead with plans to add plastics capacity in North and South America, and is advancing other strategic options as well. “If you’re not ahead of commoditising trends, you’re going to be out of business,” chairman and CEO Andrew Liveris said in a 12 November media conference call. “You have to be ahead of it.”
Reifenhäuser revitalises German HQ
Germany-based Reifenhäuser, a major manufacturer of extrusion equipment, has celebrated the last beam being placed in its revitalised administration building in Troisdorf, with work set to start on the interior this month. In June of this year, Reifenhäuser started the revamp of its headquarters which was originally erected in 1974.
Plasticisers 2014: 9-10 December, Brussels|
Plasticisers 2014 Conference, the traditional annual appointment
with the world of plasticisers will welcome you from 9th to 10th
December 2014 in Brussels. Save the date and take advantage of
this unique occasion to meet key stakeholders from the PVC value
chain in an animated and stimulating context in the heart of
Europe. Click here for more information.