This Week's Top Stories: Wednesday, 17th September 2014
ZF finalises deal to buy TRW for €10.4bn
TRW Automotive Holdings, in a supply chain mega-deal that has been in the works since mid-July, said it has agreed to be acquired by German supplier ZF Friedrichshafen for $13.5bn (€10.4bn) in cash. The transaction, for $105.60 per share, will create the world's second-largest auto supplier with pro forma combined revenue of about €30bn and 138,000 employees TRW and ZF said.
DuPont investing $100m in ethylene copolymer plant
Increased packaging demand is leading materials giant DuPont to spend more than $100m (€77m) to increase capacity for ethylene copolymers at its plant in Orange, Texas, in the US.
Behr-Hella launches €22m plant in Bulgaria
German automotive components manufacturer Behr-Hella Thermocontrol (BHTC) is set to launch a new €22m vehicle air-conditioning systems plant in Bulgaria this month. The Lippstadt, Germany-based company has been constructing its new 70,000 square metre facility in the Bozhurishte Economic Zone close to the Bulgarian capital Sofia.
Parx launches production of antibacterial polymers
Parx Plastics has achieved commercial production of its Saniconcentrates-brand line of antibacterial polymers. Parx — based in Rotterdam, the Netherlands — now is making Saniconcentrates based on Eastman Chemical’s Tritan-brand copolyester, as well as on ABS, at a plant in Bologna, Italy.
Finding openings for polyketone compounds
Akro-Plastic has launched a new range of polyketone compounds which it will show at Fakuma 2014 in October. In this feature article, David Vink discusses possible applications for the new compounds with the German company.
Lehmann & Voss buys US-based Performance Compounding
German compounding firm Lehmann & Voss & Co has acquired Performance Compounding for an undisclosed price. Performance is based in Pawcatuck, Connecticut, where Hamburg-based L&V has its US office.... more
Plastics barely mentioned in iPhone 6 introduction
Bigger than its predecessors, the 4.7-inch iPhone 6 and the 5.5-inch iPhone 6 Plus will pack more pixels and power into a thinner design that has a glass face curving around the sides to meet an aluminum enclosure.
Sekuro Plastik sells Turkish plastic packaging plant
Turkish packaging producer Sekuro Plastik has sold its production facility in Kocaeli, in the country’s north-western part, to an undisclosed party. The deal is worth TRY 2.8m (€1m), the firm said in a filing to the Istanbul Stock Exchange.
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