AKRON, OHIO (Sept. 24, 1:30 p.m. ET) — A long-fiber reinforced plastic production record set by Ticona is featured in this week's Material Insights video.
Ticona sites in Minnesota, Germany and China produced LFRTs at a record pace in the third quarter. Officials with Ticona in Florence, Ky., said the firm is benefiting from demand growth in auto, industrial, electrical/electronic and consumer markets.
Alleged safety violations at a PVC plant in Delaware and a pair of expanded polystyrene plant closings in Asia also are featured in this week's video. Formosa Plastics Corp. USA is facing almost $150,000 in fines from the Occupational Safety and Health Administration for 16 alleged violations at its dispersion PVC plant in Delaware City. In Asia, BASF SE is closing EPS plants in Malaysia and India because of overcapacity for the material in that region.
The video wraps up with news that Solvay Advanced Polymers is increasing capacity for polyetheretherketone resin by 70 percent at its plant in Panoli, India. Officials with Solvay in Brussels said that demand for PEEK is coming from a variety of markets, including aeronautic and oil and gas exploration.
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