This Week's Top Stories: Wednesday, 26th November 2014
Polyolefin costs plunge but price rebates limited
The downward trend for standard thermoplastic prices, which began in mid-summer, gathered momentum last month due to falling feedstock costs. Brent crude oil prices have now fallen by nearly 33% from end-July to mid-November.
EU confirms plastic bag reduction deal
Representatives of European Union (EU) member states hammered out a deal last Friday to reduce consumption of lightweight plastic bags to 40 bags a year by 2025. National governments will have to either reduce average lightweight plastic bags consumption to 90 bags per person per year by 2019 and 40 by 2025 or ensure that, by 2018, all bags are charged for.
Onex agrees to buy SIG Combibloc
Private equity firm Onex Corp is set to acquire SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures, for up to €3.75bn. SIG, which operates seven facilities globally, had turnover of €1.68bn in 2013, and has 5,200 employees.
PRE: EU circular economy ‘will push quality plastics recycling’
Members of trade body Plastics Recyclers Europe (PRE) put the recycling and sorting of high quality post-consumer plastics at the top of their agenda in Brussels last week.
New pan-European plastics recycling show
Europe is to get its first pan-European exhibition and conference aimed at the region’s plastics recycling industry next year. The Plastics Recycling Show Europe (PRSE), organised by Crain Communications which publishes European Plastics News, will take place at the Tour & Taxis venue in Brussels on 25 and 26 November 2015. The event is supported by industry body Plastics Recyclers Europe, which also plans to hold its annual working group meetings at PRSE.
Poland’s Grupa Kęty to set up new plastic film facility
Polish manufacturer Grupa Kęty has unveiled plans to build a new production facility in Kęty, in Poland’s southern part. The investment is estimated to be worth about 150m zloty (€35.5m), the company said in a statement.
Total to acquire majority stake in Polyblend
France-based oil and gas giant Total has signed an agreement to purchase a 68% stake in German Polyblend, a subsidiary of Polymer-Chemie, a Total spokesperson told EPN. Total says it doesn’t currently produce the type of reinforced polyolefin compounds made by Polyblend, but two production lines with a total capacity of 30,000 tonnes per year are being built on Total’s Carling, Lorraine, France site with the aim to start in Spring 2016.
Illig plays host at open house event
Thermoforming machinery manufacturer Illig received more than 250 visitors to its open house, which took place at its facility in Heilbronn, Germany on 29 and 30 October. Participants from across Europe heard presentations and saw demonstrations of Illig’s technology, such as automatic pressure forming machines of the RDKP series for separate forming and punching, as well as the RDK series for combined forming-punching operation.
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.