January ... In the space of one week, recycling-technology developer Embrace Systems Corp. names three chief executive officers - including the same one twice - after admitting to the Securities and Exchange Commission that it had lied about its financial performance and markets for new products.
February ... The American Plastics Council considers leaving the Society of the Plastics Industry to link more closely with the Chemical Manufacturers Association, suggesting a power struggle among top group officials.
March ... New York's Suffolk County, which passed but never implemented one of the first bans on plastic packaging, drops the long-delayed law in favor of one designed to boost recycling.
April ... Pure Tech International Inc. announces it intends to acquire the much-larger Ozite Corp., in a deal worth $83 million that takes more than a year to complete.
April ... Amoco Foam Products Co. says it has accomplished its goal of showing that PS can be recycled, and turns over its Chippewa Falls, Wis.-based business to another recycler.
May ... Huntsman Corp. becomes a feedstock supplier and nearly doubles its size by acquiring Texaco Chemical Co. Huntsman pays Texaco Inc. $860 million for four U.S. facilities and operations in Canada and the United Kingdom. The next month, Huntsman announces it will purchase Eastman Chemical Co.'s 500 million-pound PP resin business in a deal estimated at $180 million. The acquisition boosts Huntsman's annual PP capacity to about 950 million pounds.
May ... Three employees die in an explosion at a Shell Chemical Co. Kraton TPE plant in Belpre, Ohio. The blast levels one of Shell's K-1 production lines -which made styrene butadiene styrene block terpolymer - and closes the other three. The plant closes indefinitely and Shell declares force majeure. One line is restarted in June.
June ... The Davis-Standard Division of Crompton & Knowles Corp. buys the NRM Polymer Division of McNeil & NRM Inc. - just weeks after buying the Egan Machinery Division of John Brown Inc. McNeil & NRM also sells its rotomolding machinery business to Ferry Industries Inc.
July ... Genstar Capital Corp. becomes one of the top 10 vinyl profile extruders in North America by purchasing the vinyl, aluminum and steel building-products manufacturing and distribution assets of Alcan Building Products. The $120 million purchase marks the firm's entry into those markets. The operations are renamed Gentek.
August ... Plastics News unveils its first special report on executive pay. Premark International's Warren L. Batts tops the chart with total 1993 compensation of more than $9 million, followed distantly by Martin D. Walker of M.A. Hanna Co., with nearly $3.94 million.
September ... Red Cavaney is named APC president and CEO, joining the plastics industry from his position as president and CEO of the American Forest and Paper Association.
September ... Union Carbide Corp., once a leader in plastic film production, exits the business by selling an extrusion plant and a converting and printing plant to Sigma Plastics Group.
October ... Already-strained supplies of PE are seriously affected by flooding in the Houston area, as Chevron Chemical Co., Amoco Chemical Co. and Lyondell Polymers all report downtime. Then, Mobil declares force majeure for LDPE when its entire olefin production facility in Beaumont, Texas, is shut down because of mechanical difficulties.
November ... After spinning off its thermoforming and custom injection molding units in 1993 to form Alltrista Corp., Ball Corp. announces it wants back into the plastic container market by 1995. It follows through by forming Ball Plastic Container Division, hiring three executives formerly with Constar International Inc., and predicting it may have 10 plants by 2000.
December ... P&G cuts back the post-consumer HDPE in its containers by 5 million pounds annually, citing tight supply. Weeks later, Clorox Co. follows suit.
December ... Australia's BTR Nylex Ltd. says it will buy Formica Corp.'s parent for $617.5 million. BTR also owns Continental PET Technologies Inc., North American's sixth-largest blow molder.