Treofan Group, a global manufacturer of biaxially oriented polypropylene films, says it is no longer going to acquire India's Max Specialty Films, a subsidiary of New Delhi-based Max India Ltd., after both parties agreed to call of negotiations.
Private equity firm Wind Point Partners has acquired polyurethane sheet maker Argotec Inc. for an undisclosed price. Greenfield, Mass.-based Argotec makes specialty PU film for surface protection, impact-resistant glass and other applications.
Bemis Co. Inc. has sold its shrink film division Clysar to Cove Point Holdings LLC, a privately held investment firm based in New York. Renamed Clysar LLC, Clysar will operate as a stand-alone, independent company.
California legislators again failed to approve a state-wide ban on single-use plastic bags. The 18-17 vote in favor of the bill in the state Senate failed to reach the 21-vote threshold for passage.
SINGAPORE — Singapore's Temasek Polytechnic (TP) and the Institute of Materials Research and Engineering (IMRE) have developed a nano-engineered screen protector for smartphones and tablet computers that turn ordinary screens into 3D displays viewable with the naked eye.
Researchers have questioned whether increases in film extrusion capacity will be enough to guarantee supplies of biaxially oriented PET (BOPET) thin films to Western markets.
CLEVELAND — Demand for specialty films in the US will grow 5.2 percent annually to reach $8 billion by 2017, buoyed by demand for high-performance barrier films, according to a new report.
CARLISLE, PA. — Carlisle Construction Materials will invest $40 million and add 50 jobs at its Carlisle, Pa., facility to add a new membrane manufacturing line.
MILTON, WIS. — Charter NEX Films Inc. is expanding the capacity of its Milton plant, adding two Windmoeller & Hoelscher 3-layer coextrusion blown film lines.
CANELONES, URUGUAY — Bonset Latin America SA plans to install a new production line for glycol-modified shrinkable film at its plant in Canelones. The line will be the first of its kind in South America, and will be in production in 2014, according to Bonset America Corp.
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