Materials
The purchase of PolymaxTPE provides Geon Performance Solutions with manufacturing facilities in Illinois and China.
Orion Performance Compounds Inc. has three compounding lines in production and will have a fourth in place by the middle of 2024.
"We've seen an incremental positive in bringing business back to North America from Asia," said Jean Sirois, strategic planning managing director with RTP Co. in Winona, Minn. "Sometimes it's been a transfer of business and sometimes it's been new business."
Dallas investment firm NexPoint Capital Inc. is investing $2 million in bioplastics maker PlantSwitch Inc., completing the latter's $7.7 million early growth funding round.
North American prices for PVC and polystyrene resins fell as demand for both materials decreased late in the year.
After a week spent at the plastics treaty talks, it seems clear that, challenges aside, it will have a major impact on the industry.
A three-judge panel for the U.S. Court of Appeals' Sixth Circuit has thrown out a large class-action lawsuit filed by a Glendale, Ohio, firefighter against 10 chemical companies over exposure to PFAS chemicals.
Workers at Ampacet Corp.'s materials plant in Dudelange, Luxembourg, went on strike on Nov. 27.
Representatives of the small bioplastics sector were on hand at the latest round of plastics treaty talks in Kenya Nov. 13-19 to argue that negotiators were glossing over a key point: that their materials can cut the link between plastics and fossil fuels.
The Nov. 29 settlement resolves a February 2018 lawsuit brought against the chemical companies by the state of Ohio in Washington County regarding Chemour's Washington Works facility along the Ohio River.
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