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BASF reports first quarter sales down 29 percent

BASF, the world's largest chemical company, has reported first quarter revenues down 29%, with sales hit by low oil prices and the absence of a contribution from its gas trading and storage activities, after last year's asset swap with Gazprom.

Worker killed at Nova Chemicals construction site

A contract worker was killed April 27 at a polyethylene construction site operated by Nova Chemicals Corp. in Joffre, Alberta.

New York expected to pass bag fee May 5

Soon supermarkets and most shops in New York city soon may charge shoppers 5 cents for disposable bags.

Counterfeit resin suit moving forward

U.S. District Judge Stanley Chesler on March 11 denied the request from resin supplier Mass Polymers Corp. of Bridgewater, N.J. MPC was seeking judgment on a counterclaim it had made against Supreme Oil Co., a maker of vegetable oil and condiments based in Englewood, N.J.

Prices up for PE, PVC, PET; down for PP

North American selling prices for polyethylene, PVC and PET resins all have risen since April 1, while regional prices for polypropylene have taken a surprising fall.

BASF says design center can help China reduce impact of urbanization

At Chinaplas, BASF executives draw links between rapid urbanization in China and product design — specifically the role they say plastics can play in reducing the environmental impact of growing cities.

Safety is Eastman's magic keyword in China

Eastman Chemical Co.'s Specialty Plastics business is finding that “made in USA” and “safety” are keywords for success in China.

Milacron expands India operations

Milacron Holdings Corp. has invested between $18 million and $20 million in the third phase of its expansion in India, which is aimed both at the fast-growing market in India for plastics machinery, and at export markets.

First quarter brings challenging issues for Bemis Co. Inc.

Bemis Co. Inc., while saying the company is pleased with its long-term strategy, was tripped up in two markets during the first quarter. And that impacted financial results.

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Contact Kelley Trost at ktrost@crain.com or Hollee Keller at hkeller@crain.com

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