Go to Video Section

Fire injures 14 at Formosa Plastics plant in Texas

AKRON, OHIO — A fire that injured 14 at a Formosa Plastics Corp. USA plant in Texas is featured in this week's Material Insights video. Also this week we report a big drop in North American PP prices, as well as news that compounding leader A. Schulman Inc. has opened its first plant in India.

Published: May 6, 2013 11:42 am ET
Updated: May 6, 2013 11:51 am ET

AKRON, OHIO — A fire that injured 14 at a Formosa Plastics Corp. USA plant in Texas is featured in this week's Material Insights video.

Six of the 14 remained hospitalized — including two in critical condition as of May 3, after the May 2 fire in Point Comfort, Texas. A polyethylene resin unit at the site remained out of operation, but Formosa officials said the plant had enough inventory to meet customer orders. The cause of the fire is under investigation.

A big drop in North American PP prices also is featured in this week's video. A 10-cent drop hit the market in April, on the heels of a 6-cent drop in March. Those moves came after a combined increase of 21 cents in January and February. PP demand in the U.S. and Canada also fell 10 percent in the first three months of 2013, according to the American Chemistry Council.

The video wraps up with news that compounding leader A. Schulman Inc. has opened its first plant in India. The plant in Vadodora has 22 million pounds of annual capacity and will make additive concentrates for flexible packaging, appliance and consumer products markets. Schulman operates four other plants in the Asia-Pacific region.

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

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

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

More Events