This Week's Top Stories: Wednesday, 25th February 2015
Demand surges as polymer prices decrease
European standard thermoplastic prices fell for the fourth month in a row in February. However, the size of price rebates was lower as a result of smaller feedstock cost reductions and a demand surge. Converters have been operating on low inventories for several months; waiting for signs that polymer prices were bottoming out. The rise in crude oil and naphtha prices at the beginning of the month quickly sparked buyers into action.
German processors report record turnover
Even if lower than forecast, German plastics processors report positive 2014 results and good 2015 prospects, but energy cost concerns continue. Turnover of the German plastics processing industry reached another record in 2014, growing 2.6% to €59.0bn.
Solvay expands capacity in US with new unit
Solvay, the Brussels, Belgium-based chemicals group, has announced that it is building a new speciality polymers unit in the US, expanding its capacity of PEEK (polyether etherketone). The new unit is to be built at Solvay’s Specialty Polymers site in Augusta, Georgia, US, and is expected to come on stream in mid-2016.
Indevco sets up US plastics factory
Lebanese packaging conglomerate Indevco Group is investing at least $13m (€11.47m) in a plastics factory in Texas, focusing on packaging for the petrochemical industry, according to the company and local economic development officials.
Coke making progress with plant-based PET
With 1.9 billion servings per day, Coca-Cola relies on a number of ways to deliver beverages around the world: fountain dispensers, glass and metal, for sure. But there is no material that the company calls on more than PET. The stalwart of soft drink packaging ships more than 60% of the company’s volume each year to consumers, including 56% in non-returnable bottles and 7% in returnable bottles.
Essentra posts healthy profit rise
Plastic, fibre, foam and packaging specialist Essentra has revealed its 2014 revenue was £865.7m (€1.17bn) in its latest trading figures.
Rosti Group reports sales up 18% for 2014
Scandinavian plastics processor Rosti Group has achieved strong growth, reporting sales up 18% over the past year.
EOS 3D printing tech used for helicopters
UK-based EOS has announced that its EOSINT P 730 plastic laser-sintering machine has been used by Bell Helicopter and 3D printing company Harvest to make helicopter parts. Heat distribution, powder degradation, dimensional accuracy, repeatability, component quality and performance, and the economics of manufacture were all examined to check the EOS machine met requirements for use in the aerospace industry, states the company.
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