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Israeli compounder building $13.1 million facility in North Carolina


December 12, 2014 1:14 pm ET

Tosaf USA, a subsidiary of Kfar Yona, Israel-based Tosaf Compounds Ltd., will build a compounding and masterbatch production facility in North Carolina to serve U.S. processors in a wide range of industries, including automotive, medical, electrical ...

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PPS resin maker Lumena cuts production after ‘difficulties’ with banks


December 12, 2014 11:47 am ET

Polyphenylene sulfide resin maker China Lumena New Materials Corp. said it’s having difficulty “maintaining the continual support” of its banks and creditors, following months of being unable to answer allegations from two analyst...

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Resin distributor Biesterfeld Plastic buys out partner in Biesterfeld Nordic


December 11, 2014 12:21 pm ET

Hamburg, Germany-based Biesterfeld Plastic GmbH, a distributor for the European plastic and rubber industry, announced that it has bought the shares owned by Fred Holmberg in their mutual joint venture, Malmö, Sweden-based Biesterfeld Nordic AB.

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Biodegradable plastics maker MHG discusses future initiatives with BASF


December 11, 2014 12:17 pm ET

Meredian Holdings Group Inc., a maker of biodegradable plastic, announced that it recently held meetings with chemicals giant BASF SE to discuss potential link-ups.

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End of era for DuPont: Chemical company to sell Neoprene unit


December 10, 2014 11:27 am ET

UPDATED — DuPont Performance Polymers has signed a definitive agreement to sell its Neoprene polychloroprene business to Denka Performance Elastomer LLC, a joint venture between Denka Kagaku Kogyo K.K. and Mitsui & Co. Ltd.

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Compounder RTP buys assets of Alloy Polymers


December 10, 2014 6:23 pm ET

UPDATED — Engineering resins compounder RTP Co. has acquired most of the assets of Alloy Polymers, a toll compounder based in Richmond, Va.

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Proactive approach with resin can increase profits


December 10, 2014 12:29 pm ET

Since resins comprise roughly 45 percent of processors' operating costs, resin prices determine to a large extent how profitable and competitive processors are.

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BASF breaks ground on R&D center in India


December 10, 2014 1:47 pm ET

In an effort to increase its footprint in the Asia Pacific region, German chemical company BASF SE broke ground on a new innovation campus in its Thane facility, on the outskirts of Mumbai.

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TPE manufacturer Kraiburg planning Mexico subsidiary


December 10, 2014 12:58 pm ET

German thermoplastic elastomer compound maker Kraiburg TPE GmbH & Co. KG will open a wholly owned subsidiary in Mexico in 2015.

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Study: Locally owned firms see fastest gains in China’s chemical market


December 9, 2014 8:59 am ET

Privately owned chemical companies in China are seeing the fastest sales growth, closing the technology gap with foreign-owned firms, according to a new study.

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