DSM sells composites distributor Euroresinsby Canadian Plastics
Material supplier Royal DSM has sold Euroresins, a distributor of products to the composite resins industry, to UK-based holding company Cathay Investments. Euroresins operates in nine countries in Europe, including the UK, Italy and France. The company reports sales of…
Shell to buy BASF’s stake in ELLBA Eastern JVby Canadian Plastics
Chemical maker BASF and Shell have reached agreement for BASF to sell its 50 per cent share in their propylene oxide-styrene monomer (POSM) joint venture. Financial details of the transaction were not disclosed. Closing is planned for December 31, 2014.…
LyondellBasell taps insider Bhavesh Patel as new CEOby Canadian Plastics
Chemical maker LyondellBasell Industries has named Bhavesh “Bob” Patel, who leads its international manufacturing business, to serve as its CEO. Patel takes over from James Gallogly effective January 12. Gallogly announced in September his plans to retire. “After a rigorous…
Ferro sells most of its polymer additives businessby Canadian Plastics
Material supplier Ferro Corporation has sold the majority of the assets of its polymer additives business to a U.S.-based private equity firm for US$154 million in cash. Polymer Additives Inc., a portfolio company of H.I.G. Capital LLC, bought the assets…
Shale gas development in Quebec too risky: environmental reportby Canadian Plastics
Exploiting Quebec’s shale gas deposits is not worth the risk, the province’s environmental review board has concluded. A new report from the agency stated there are too many potential negative consequences to the environment and to society from extracting natural…
Israeli compounder Tosaf building first N. American facilityby Canadian Plastics
Israeli-based plastics compounder Tosaf USA will build its first North American manufacturing facility in Bessemer City, N.C. beginning early next year. The company, which produces and markets polymers and compounds used in the automotive, medical, electrical and packaging industries, will…
DuPont selling Neoprene elastomer business to Denkaby Canadian Plastics
Chemical supplier DuPont has reached an agreement to sell its Neoprene polychloroprene business to Denka Performance Elastomer, a new joint venture company owned 70 per cent by Japan-based Denki Kagaku Kogyo and 30 per cent by Mitsui & Co. Neoprene,…
RTP Company buys production facilities from Alloy Polymersby Canadian Plastics
In a bid to strengthen its position in the high-volume contract manufacturing sector, engineered thermoplastic compound supplier RTP Company has acquired three U.S. production facilities from compound maker Alloy Polymers Inc. The three plants – located in Richmond, Va., Crockett,…
Americhem division buys LTL Color Compoundersby Canadian Plastics
Infinity Engineered Compounds, part of the Americhem group of companies, has bought LTL Color Compounders Inc., a Morrisville, Pa.-based producer of custom color engineered thermoplastic compounds. Infinity and LTL will be joined to create Infinity LTL Engineered Compounds, an Americhem…
The latest ANTIMICROBIALS for plasticsby Canadian Plastics
Microbes may be nothing more than tiny single-celled organisms, but they’re harder to kill than Rasputin. They’re resilient enough, in fact, that scientists have revived them from fossils more than 250 million years old. They also…
Toronto thermoformer ICI gets $1.5M fundingby Canadian Plastics
Toronto-based thermoformer Innovative Composites International Inc. (ICI) is getting a hand from Bassett Financial Corporation to assist with its restructuring.
N.S. must study health risks if fracking is approved: expertby Canadian Plastics
A province-wide study on the health impacts of hydraulic fracturing for oil and gas is needed if the Nova Scotia government approves the process, a new report has recommended.
Composites One buys composites assets from Nexeo Solutionsby Canadian Plastics
Composite raw materials distributor Composites One has acquired essential composites distribution assets from chemical and plastics distributor Nexeo Solutions, a deal which also includes Nexeo Solutions’ composites distribution employees.
Strong growth for composites industry in the Americas over next five years: JECby Canadian Plastics
There’s strong growth ahead for composites industry in the Americas through 2018 as the result of macro trends that are generating demand for advanced composites across multiple sectors, according to the JEC composites industry…
FDA rejects BPA banby Canadian Plastics
The U.S. Food and Drug Administration (FDA) announced that it will deny a petition from the National Resources Defense Council’s petition to prohibit the use of bisphenol A (BPA) in food-contact products manufactured in America.
Dow and Aksa sign JV agreement for carbon fiber and derivativesby Canadian Plastics
The Dow Chemical Company, through its wholly-owned subsidiary Dow Europe GmbH, has signed a 50-50 joint venture agreement with Turkish acrylic fiber maker Aksa Akrilik Kimya Sanayii A.S. to manufacture and commercialize carbon fiber and…
FDA to decide on BPA in consumer products by end of March 2012by Canadian Plastics
As part of a settlement in a lawsuit brought against the U.S. Food and Drug Administration (FDA), the agency has agreed to rule on whether the controversial chemical bisphenol A (BPA) should be banned from use in food and beverage packaging.
Canadian thermoplastic composites manufacturer to supply homes in Haitiby Canadian Plastics
A Canadian manufacturer of reinforced thermoplastics composites has signed a US$68 million contract to supply housing for large-scale reconstruction projects in Haiti and Ghana.
Styrene a possible threat: US Dept. of Healthby Canadian Plastics
The U.S. Department of Health and Human Services has added styrene to its list of chemicals and biological agents that are suspected as possible causes of cancer.
GreenCore commercializes composites projectby Canadian Plastics
A renewable natural fibre reinforced composite material is now being commercialized in Canada, designed as a partial polymer replacement in automotive applications and for other industries.