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Lumena suspends trading, delays report amid claims of 'misrepresenting' financials


April 18, 2014 10:19 am ET

China Lumena New Materials Corp., which says it has the world's largest manufacturing capacity for polyphenylene sulfide resin, has suspended its stock trading and delayed its annual financial report after being hit with allegations it dramatically overstated sales.

PolyQuest spins off FiberQuest unit


April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.

UK firm Colloids to build its first masterbatch facility in China


April 18, 2014 10:02 am ET

U.K. masterbatch maker Colloids Ltd. said April 17 it plans to build a $6 million factory in Suzhou, China, its first outside the United Kingdom.

Spain's Cristian Lay Group buys two materials units of bankrupt LSB


April 17, 2014 11:11 am ET

Spanish industrial conglomerate Cristian Lay Group has purchased two of the bankrupt Spanish PET packaging group La Seda de Barcelona.

Proposed Shell project draws more than 1,000 to informational meetings


April 17, 2014 2:03 pm ET

More than 1,000 people attended a pair of public meetings hosted by Shell Chemical LP on April 16 to discuss the possibility of building a major petrochemicals plant in the Pittsburgh area, but a final decision on the project could still be a year or two away, a company official said at the first meeting.

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Hedging can slow the resin rollercoaster


April 17, 2014 3:00 pm ET

The good old days — if they even ever existed — are gone, and.Andy VanPutte thinks volatility in the resin market is here to stay and needs to be managed with a strategy just like sales, purchasing and manufacturing activities

Indorama's purchase of Sasa to give wider access to multiple markets


April 16, 2014 10:07 am ET

PET maker Indorama Ventures Public Co. Ltd. is expanding in Turkey with the acquisition of a majority of Sasa Polyester Sanayi.

Axiall resumes operations at damaged Lake Charles PVC feedstock plant


April 15, 2014 4:41 pm ET

Axiall Corp. has resumed operations at its PVC feedstock plant that was damaged by a fire in December.

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Power failure shuts down two PE resin units in Texas


April 15, 2014 3:35 pm ET

Two polyethylene resin units operated by Chevron Phillips Chemical Co. LP in Baytown, Texas, were closed from April 8-11 because of a power failure.

Shell Chemical to host public meetings to discuss plans in Pennsylvania


April 15, 2014 3:27 pm ET

Shell Chemical LP will host two public meetings on April 16 to discuss the possibility of building a major petrochemicals plant in the Pittsburgh area.

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