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Contract for Schulman's Gingo could hinge on Ferro deal

A possible contract extension for A. Schulman CEO Joseph Gingo is featured in this week's Material Insights video. Analysts offer outlooks for PVC, PET, polycarbonate and ABS resins, and International Process Plants hunts a buyer for two former Vinyls Italia plants.

Published: April 8, 2013 3:11 pm ET
Updated: April 8, 2013 7:40 pm ET

A possible contract extension for A. Schulman CEO Joseph Gingo is featured in this week's Material Insights video.

Gingo could receive an extension of up to two years if Schulman succeeds in its bid to acquire specialty chemicals and plastics maker Ferro Corp. Ferro officials rejected Schulman's initial bid of $6.50 per share March 4.

Outlooks for PVC, PET, polycarbonate and ABS resins also are featured in this week's video. Market experts at IHS Chemical in Houston expect the North American PVC market to continue to flourish because of affordable feedstocks, while PET, PC and ABS could struggle because of lower growth and global oversupply.

The video wraps up with news that International Process Plants is looking for a buyer for two Italian PVC plants formerly operated by Vinyls Italia. A plant in Porto Marghera has almost 375 million pounds of suspension PVC capacity, while a unit in Porto Torres can produce 165 million pounds of emulsion PVC per year.

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