Covestro kicks off expansion in West Virginiaby Canadian Plastics
Polymer maker Covestro LLC has officially started an expansion at its production facility in New Martinsville, W.Va. that will increase its annual production capacity of thermoplastic polyurethane (TPU) in North America by 25 per cent through debottlenecking.
Americhem buys India’s Prescient Color Ltd.by Canadian Plastics
Americhem described Prescient a leading Indian producer of high-end colour and additive masterbatches in several niche applications, including synthetic fibers, molding, and film applications.
PolyOne buys composites maker PlastiCompby Canadian Plastics
Headquartered in Winona, Minn., PlastiComp supplies composites based on materials ranging from polypropylene to PEEK.
Huntsman to build new polyurethanes systems house in Dubaiby Canadian Plastics
Targeted for completion by the second half of 2019, Huntsman’s investment is designed to increase the company’s systems production capacity in the region and add a new dimension to its polyester polyol capabilities.
Nova, Total and Borealis close their petrochemical JVby Canadian Plastics
The joint venture, named Bayport Polymers LLC, is 50 per cent owned by Total and 50 per cent owned by Novealis Holdings LLC, a joint venture between Borealis and Nova.
DSM to expand production of Dyneema fibers in U.S and the Netherlandsby Canadian Plastics
Strong demand for both Dyneema UD, a unidirectional laminate, and Dyneema-brand fiber is prompting the increase, the company said.
Global automotive plastics market to exceed $50 billion by 2024: reportby Canadian Plastics
The size of the North American automotive plastics market shows steady gains, the report from Global Market Insights Inc said, and is expected to exceed US$5 billion by 2024.
Sabic, ExxonMobil form joint venture for Gulf Coast petrochemical productionby Canadian Plastics
The project, which will be in Portland, Texas, is expected to include a 1.8 million tonne ethane cracker, a monoethylene glycol unit and two polyethylene units.
LyondellBasell profits up by 54 per cent in Q1 2018by Canadian Plastics
Houston-based LyondellBasell reported US$1.2 billion in net income in the first quarter, up from US$797 million in the same period last year. Revenue rose from US$8.4 billion to US$9.8 billion.
NatureWorks names Richard Altice as new president and CEOby Canadian Plastics
Bioplastics supplier NatureWorks LLC has named industry veteran Richard Altice as its new president and CEO, replacing Marc Verbruggen, who led the company from 2008 to his retirement in 2017. Altice comes to Minnetonka, Minn.-based NatureWorks from PolyOne Corp., where…
Plastic-eating protein created in British lab could revolutionize recyclingby Canadian Plastics
A new enzyme is able to effectively break down PET, one of the most popular forms of plastic employed by the food and drinks industry.
Covestro CEO Patrick Thomas stepping down earlyby Canadian Plastics
Thomas will hand over CEO position to Dr. Markus Steilemann on June 1, 2018, four months ahead of his original planned retirement.
Nova partners with distributors to expand reach in Mexicoby Canadian Plastics
M. Holland Company and Osterman & Company will distribute Nova’s butene linear low density polyethylene (LLDPE) in Mexico.
Dominion Colour Corp. merges with Lansco Colorsby Canadian Plastics
The merger of the Canadian and America colour pigment suppliers is designed to combine the strengths of both and to expand their product portfolios.
DowDuPont plans $100 million expansion at Texas facilityby Canadian Plastics
The investments will expand production capacity to support global growth of specialty materials manufactured at DowDuPont’s site in Orange, Texas.
Borealis names Alfred Stern as new CEOby Canadian Plastics
Mark Garrett, CEO of Austrian material supplier Borealis, is leaving the company effective July 2, and will be replaced by current executive vice president Alfred Stern.
Clariant expects big growth in North Americaby Canadian Plastics
North America is expected to become second largest market for Clariant with about $2 billion turnover forecasted by 2021.
HDPE bottle made from 100 per cent ocean-bound plastics surfacesby Canadian Plastics
Sporting a silver metallic, pearlescent-effect finish, the world’s first HDPE bottle molded from 100 per cent ocean-bound plastic has just hit the market.
Riverdale Global builds first fully automated liquid colour manufacturing plantby Canadian Plastics
The 200,000-square-foot facility in High Point, N.C. is due for completion this summer, and represents a $4 million investment.
AkzoNobel to sell its specialty chemicals to Carlyle Groupby Canadian Plastics
AkzoNobel is all set to sell of its specialty chemicals segment to Carlyle Group, a U.S. private equity firm. The deal will be for $12.5 billion in order to transform the company into a focused supplier of paints and coatings.