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27 March 2015

Manufacturers can expect to profit from lower oil prices for the foreseeable future, according to a leading economist. Speaking at the NPE trade show, Zbysko Tabernacki at research consultancy IHS, said oil prices would continue to fall following what he called an “unprecedented” collapse in recent months. “We see a floor price of around $40 a barrel in late 2015, early 2016,” Tabernacki said. “Recovery will be gradual and slow, with the price of a barrel reaching $70 by the end of next year.” 27 March 2015

26 March 2015

German organiser PE Schall has reported that the Fakuma show in October is already sold out. The Friedrichshafen event on 13-17 October will feature more than 1,700 exhibitors. Fakuma project manager Annemarie Lipp said: “Fakuma has been entirely booked out since the end of February: all available halls and ancillary floor space at the Friedrichshafen Exhibition Centre are once again fully occupied." 26 March 2015

Automotive injection moulder Mecaplast increased turnover by 4% to €679m in 2014, as it reaped the benefits from a strategic programme that started in 2013. There was also a 22% improvement in Ebitda to €47.1m (excluding non-recurring items) at the group, which is celebrating its 60th anniversary in 2015. The group is downsizing in Monaco, but expanding internationally. 26 March 2015

After 80 years in business, Kautex Maschinenbau officials know good old-fashioned word of mouth is often the best way to reach more customers. 26 March 2015

Stressing the “Next Big Thing” and “Your Free Choice in Robots,” Sepro America is at NPE 2015 showing three new lines of robots for injection moulding machines in the 800- to 5,000-ton clamping range. 26 March 2015

Romi Machines in the UK has appointed Ultrapolymers as its exclusive agency for Ireland, including both the Republic and Northern Ireland. 26 March 2015

25 March 2015

Matt Barber has been promoted to the position of sales director for the PRW/Plastics News Europe portfolio across the UK and Europe. 25 March 2015

Specialty chemicals group Altana increased sales by 11% to €1.95bn in 2014, the German group has said. 25 March 2015

German plastics manufacturer Accomplast has unveiled plans to set up a production facility in Prilep, in Macedonia’s southern part, the country’s government said in a statement. 25 March 2015

An American industry report has revealed healthy optimism in the plastics industry for 2015. The Manufacturers Association of Plastics Processors (MAPP) found that more than 70% of the 170 plastics processing executives surveyed said their sales today are better than they were a year ago. 25 March 2015

This week, the plastics industry expects to experience the most international NPE show in the 69-year history of the event. 25 March 2015

Speciality chemicals group Lanxess has substantially improved its operating result and net income in the year ending 31 Dec 2014, the German company announced 19 March. While sales declined slightly by 3.5% to around €8bn, primarily due to lower selling prices in mainly the Performance Polymers unit, earnings (EBITDA) pre exceptionals increased by 9.9% to €808m. All segments contributed to the earnings increase. 25 March 2015

24 March 2015

At the start of this year, plastics processors looked set to enjoy a period of lower polymer prices, as the sharp fall in crude oil prices dragged down the cost of key feedstocks. Prices have since risen again. Nonetheless, Faurecia, the French automotive Tier One supplier, says it sees a cost-saving opportunity in the polymer market.  24 March 2015

Russian petrochemicals company Ufaorgsintez is preparing to expand its portfolio of polyethylene and polypropylene products this year. 24 March 2015

Polish PVC window maker Drutex is aiming to double its output capacity in the near future as a result of increased demand for the company’s products in a number of foreign markets, according to Leszek Gierszewski, the owner and chief executive of Drutex. 24 March 2015

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