Iran bans exports of polymers

Published: November 1, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers

TEHRAN (Nov. 1, 9:25 a.m. ET) — Iranian authorities have banned exports of polymers, along with petrochemical products, aluminum and some foodstuffs, according to Islamic Republic News Agency (IRNA).

“The Consumers and Producers Protecting Organization has lately announced that exports of 50 various industrial and petrochemical goods as well as foodstuff has been forbidden to support national production,” IRNA reported on Oct. 30.

No further explanation for the blanket ban was given. But Platt’s, the US-based commodities news group, noted the Iranian announcement was made after the US and Europe stepped up sanctions against Iran in connection with its nuclear program.

IRNA said all polymeric products are included in the ban. It specifically listed PE, PP, PVC, PS, PET, ABS. It also said styrene monomer and other petrochemicals are on the banned list.

Before the UN imposed trade sanctions against Iran, the country’s largest polymers producer Petrochemical Commercial Co (PCC) exported 11 percent of its products (polymers and petrochemical products) to Europe. Figures on PCC’s website show that in 2010, it exported 25 percent of its products to the Middle East, 22 percent to China, 18 percent to India, 15 percent to the Far East and 7 percent to Asia/Oceania.


Comments

Iran bans exports of polymers

Published: November 1, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Humanoid robot provides inspection service with a smile

October 17, 2014 6:00 am ET

Everyone knows robots can improve production and quality. But no one says they can't show a little personality while they're working.    More

Image

Hasco gets into augmented reality

October 17, 2014 6:00 am ET

Mold makers may be used to seeing cores and pins on the exhibition stand of a supplier — but not augmented reality that looks like it comes...    More

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-...    More

Image

Evonik sees clear growth opportunities with new Plexiglas Resist resin

October 17, 2014 6:00 am ET

Evonik Industries AG presented a new specialty molding compound during Fakuma in Friedrichshafen with which it plans to exploit the growing demand for...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events