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27 February 2015

Proposals for the 28 member states of the European Union (EU) to integrate their energy markets and increase security of supply have been welcomed by trade body PlasticsEurope. 27 February 2015

Chemicals giant BASF said today it had achieved its goal for 2014, increasing earnings, “despite the disappointing economic development in Europe, following the publication of its latest financial figures”. Overall, sales were up 0.5% to €74.3bn, with earnings before interest and tax and special items (Ebit) up 4.0% to €7.4bn. Kurt Bock, chairman of the board of executive directors of BASF, said: “The outlook for the 2015 business year is subject to significant uncertainty." 27 February 2015

German car components manufacturer Ideal Automotive is gradually creating up to 600 new jobs with the recent start up of a new 16,000 square metre production unit west of Pilsen in the Czech Republic. 27 February 2015

German technical moulder Gealan Formteile is already planning to expand its injection moulding capacity at the components plant in Hungary it launched less than a year ago. Gealan, based in Oberkotzau, Germany, invested around €2m in a project to establish the new automotive components and household products operation in Székesfehérvár that only started up last summer. 27 February 2015

German medical goods company Raumedic has chosen Mills River, North Carolina, for its first US manufacturing site and US headquarters. 27 February 2015

Three of the six new plants that automotive moulder Plastic Omnium plans this year will be in China, part of a broader push it’s making in Asia, where it will locate 12 of the 20 new facilities in its near-term investment plans. The company said that 2014 sales in its automotive division rose 4.9% to €4.88bn, with profit up 8.6% to €401.7m. While European auto sales revenue grew 7.4%, and it said performance in the UK and Germany was “excellent,” much of its capital investment is targeting Asia, where it projects China’s vehicle market to grow 7.1% in 2015 to 23.2 million units. 27 February 2015

Solvay, the Belgium-headquartered chemicals giant, has reported a near-9% rise in fourth quarter net sales and annual turnover up 5% year-on-year. 27 February 2015

26 February 2015

Swedish auto safety components supplier Autoliv could double output at its vehicle seatbelt plant in Sopronkövesd in north western Hungary thanks to a planned €36m expansion plan there. 26 February 2015

The Serbian Privatisation Agency has launched the privatisation process for local plastics maker Krušik-Plastika. The agency says it is currently accepting offers to acquire a 93.36% stake in the manufacturer. 26 February 2015

Germany-headquartered packaging company Storopack has acquired Italian sales agent Alternative 1999. The company states that Alternative has been its Italian partner since 1999 for the sale of Paperplus paper padding and Airplus air cushions, with Foamplus foam padding being added in 2008. 26 February 2015

Azelis, the specialty chemicals distributor, is being sold by its private equity owners 3i to another private investment outfit, Apax Partners, for an undisclosed sum. 3i and funds managed by the firm bought a majority stake in Azelis eight years ago, since when it said the group had grown both organically and through acquisitions across the UK, the Benelux countries, Central and Eastern Europe. 26 February 2015

Amut, the Novara, Italy-based maker of extruders, thermoforming machines and plastics recycling equipment, has acquired the Italian company that makes Dolci and Bielloni packaging equipment. 26 February 2015

25 February 2015

Italy’s Tekni‐Plex Europe, a subsidiary of US-based Tekni‐Plex, has announced that its plan to acquire Gallazzi’s Italian‐based pharmaceutical blister film and adhesive tape substrate film businesses has been approved by Italian authorities. 25 February 2015

Belgium-based building products manufacturer Deceuninck has announced its annual financial results for 2014 reporting 3.0% increase in sales from €536.5m in 2013 to €552.8m in 2014. 25 February 2015

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.  25 February 2015

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