Tuesday, 04-Aug-09

U.S. partner to help Shandong Rike export additives
PHILADELPHIA (August 4, 2009) -- Chinese additive supplier Shandong Rike Chemical Co. Ltd. has struck a marketing partnership with U.S. firm Performance Additives LLC, hoping to take advantage of what they say are opportunities for new players in North America’s beleaguered additives sector.

Dow plans to sell PS, ABS, SAN and PC businesses
MIDLAND, MICH. (August 4, 2009) -- Changes continue at Dow Chemical Co., as the global plastics leader plans to sell off a newly formed unit that includes its styrenics and polycarbonate holdings. The unit — named Styron Corp. — will include Dow’s polystyrene, ABS, SAN, PC, styrene monomer, styrene-butadiene rubber and latex assets. Those businesses have annual sales of about $5 billion.

PTS names South China business development rep
SHANGHAI (August 4, 2009) -- Polymer Technology & Services (HK) Ltd. named Steve Chen Ning business development representative for South China. He will be based in Guangdong and report to the general manager – Asia in its Shanghai office.

China XD talks about U.S. listing, expansion plans
HARBIN, CHINA (August 4, 2009) -- After years of preparation, automotive compounder China XD Plastics Co. Ltd. earlier this year achieved its goal of becoming China’s first plastics material company listed on a U.S. stock exchange. Chairman and CEO Jie Han in Harbin, Heilongjiang province, and Chief Financial Officer Taylor Zhang in New York recently spoke with Plastics News in a phone interview, offering insight into the company’s performance, expansion plans and market trends in China’s auto industry.

Tuesday, 28-Jul-09

Bioplastics industry joins oxo-degradable debate
BERLIN (July 28, 2009) -- European Bioplastics, the Berlin-based trade association representing producers of bio-based or biodegradable plastics, hit out at manufacturers of plastics containing degradable additives, accusing them of making misleading claims and failing to live up to international and acknowledged standards.

Chinese firms see uptick in business
GUANGZHOU (July 28, 2009) -- While manufacturers around the world search for signs of economic recovery, China’s domestic plastics industry appears to be picking up steam, spurred on by the government’s large infrastructure stimulus spending. Several leading plastics firms say their domestic business is returning to levels before the crisis.

Merquinsa bioplastics used in shoes, goggles
CHICAGO (July 28, 2009) -- Thermoplastic polyurethane make Merquinsa of Barcelona, Spain has placed its new renewably sourced materials in running shoes and ski goggles.

US water brand adopts “biodegradable” PET
DANA POINT, CALIF. (July 28, 2009) -- Californian mineral water bottler Aquamantra has adopted Eco-Pure modified PET resin for its bottles, which is claimed to provide biodegradability without compromising conventional mechanical recycling activities.

Tuesday, 21-Jul-09

Global additives market set to grow
WELLESLEY, MASS. (July 21, 2009) -- BCC Research is predicting growth for the global plastics additives market despite the current tough economic conditions. This resilience stems from the culmination of lengthy restructuring within the industry. The consultancy forecasts a compound annual growth rate of 4.1 percent over the next five years, which will increase the market size to $45.8 billion in 2014.

Sabic gets Chinese approval for Sinopec joint venture
BEIJING (July 21, 2009) Sabic has received approval from the Chinese National Development and Reform Commission (NDRC) to jointly participate with China Petroleum & Chemical Corporation (Sinopec) in the petrochemical complex under construction in Tianjin, China. The development is expected to be completed in September 2009 with investments of around $3 billion.

Nissei adds nanomaterials to its stable
CHICAGO (July 21, 2009) -- Nanotechnology is one of the hottest areas of the plastics industry today. Injection press maker Nissei Plastic Industrial Co. Ltd. has taken it a step farther — by compounding its own carbon nanotubes.

LME takes plastics off trading floor
LONDON (July 21, 2009) -- The London Metal Exchange has reported better-than-expected half-year trading volumes, but plastics is coming off the trading floor at the start of 2010 with trading to continue via telephone and through the exchange’s online system called LMESelect.

Global materials deals poised for uptick
AKRON, OHIO (July 21, 2009) -- The mergers and acquisitions market for plastic materials stumbled through the first half of 2009, when a number of big deals closed under less-than-ideal circumstances. But global M&A activity could rebound in the year’s second half.

Tuesday, 14-Jul-09

Thailand promoting biodegradable bag project
BANGKOK (July 14, 2009) -- BASF SE is leading a pilot project to promote the use of biodegradable bags in Thailand. The pilot project, which will run from July to December in the Samut Songkhram Province, aims to use biodegradable bags to collect household organic waste and produce high-quality compost that will serve as organic fertilizer for the purpose of soil improvement.

Nanjing Biograde embraces pragmatic growth

Biograde General Manager Jacky Chen

NANJING, CHINA (July 14, 2009) -- Linger at the Biograde (Nanjing) Pty Ltd. factory for long enough and you’ll swear that someone, somewhere, is making popcorn. The faint smell, which grows stronger as you get closer to the company’s resin, is a sign that bioplastics have arrived in China.

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