This Week's Top Stories: Wednesday, 22nd April 2015
Dramatic price hikes as supply shortages bite
European processors of standard thermoplastics were shaken in April by unprecedented material shortages and exorbitant price hikes that bore no resemblance to the increase in the cost of feedstock. Material availability shortened considerably from late March due to a series of forces majeures being called at major polymerisation plants, and a number of extended plant maintenance programmes.
EuMBC questions recent force majeure declarations
The European Compounders and Masterbatchers Association (EuMBC) has joined the growing clamour over the number of recent force majeure cases in Europe since the turn of the year.
EU packaging groups call for investment
The four largest national organisations representing the plastics packaging industry in Europe, Elipso (France), IK (Germany), the British Plastics Federation and the Packaging And Films Association have called on polymer producers to invest urgently in European polymer production facilities. The organisations believe that polymer producers are increasingly likely to invest in the faster growing markets of Asia and the Americas.
Repsol’s polyolefins sales in Europe up 20%
Spain-based Repsol, an oil and chemicals group, has announced that its polyolefins sales in Europe have grown by 20%.
Grupo Antolin to buy Magna's interiors unit
Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.’s interiors unit in a deal valued at about $525m (€486.5m), Magna said today in a statement. If approved by regulatory officials the deal would create the world's third-larger player in the sector, Antolin said in a separate statement.
Faurecia to expand Polish car parts plant
French manufacturer Faurecia Automotive has unveiled plans to expand the output capacity of its factory in Gorzów Wielkopolski, in Poland’s western part.
Milacron restructuring Uniloy in Europe
Milacron plans to consolidate manufacturing of Uniloy blow molding equipment in Europe into its new facility in the Czech Republic city of Policka. Milacron announced 8 April that it started consultations with local unions in Italy about cutting about 27 jobs at its plant in Magenta, Italy.
Cytec opens new kitting facility in France
US-based composites maker Cytec has announced the opening of a new kitting facility based in Toulouse, France, next to its existing process materials site.
PD+I 2015: 20-21 May, London|
The PD+I conference is back on 20-21 May 2015 and turns five!
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