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Material Insights: Feb. 27, 2012

February 27, 2012

Full-year resin sales results for the U.S. and Canada are featured in this week's Material Insights video. Sales of HDPE and PVC in that region showed modest, low single-digit growth last year, while sales of LDPE and LLDPE essentially were flat and sales of PP absorbed a three percent loss. sales growth in HDPE and PVC was just over one percent for each material. News of Bayer Material Science's plans to build a new plant making PU feedstock TDI also is featured in the video. The plant - slated for Dormagen, Germany - would have annual capacity of almost 700 million pounds and would represent an investment of almost $200 million. The video wraps up with a pair of financial news items. Westlake Chemical and Huntsman each recently reported positive full-year results, with Westlake's sales growing 14 percent and profit jumping 17 percent. Huntsman's PU sales climbed 23 percent and the unit's pretax profit surged almost 50 percent. In the final financial news item, specialty chemicals and plastics maker Lanxess has bought a minority stake in bioplasticized maker BioAmber for $10 million.