Officials with Saudi Basic Industries Corp. say that the firm is meeting material orders at the same rate that it was before it began to install a new computer system in October. But supply problems still are causing chaos for many North American plastics processors.
Two months after being acquired by a new private equity owner, MedPlast Inc. is on the acquisition trail, buying Vention Medical's device manufacturing business. Meanwhile, Nordson Corp. is buying Vention's advanced technologies business.
The chairman of China XD Plastics Co. Ltd. and an affiliate of private equity firm Morgan Stanley are making a bid to take the large automotive plastics compounder private and delist it from the Nasdaq Stock Market.
Dell Inc. expects to recycle 16,000 pounds of ocean-bound plastics litter to create new packaging this year and is looking for ways to use even more of the material.
Novolex is closing a can liner facility in Old Saybrook, Conn., with plans to move equipment to other company locations.