South America

Brazilian firm Braskem SA is looking to sell a parcel of almost 400 acres near Parkersburg, W.Va. where it had planned to build a plant that would have included polyethylene resin.

Chemical and plastics giant LyondellBasell Industries has ended discussions with Braskem majority shareholder Odebrecht SA concerning the potential acquisition of the Brazilian petrochemicals firm.

Coexpan, the rigid sheet and thermoformed products division of Madrid-based packaging company Grupo Lantero, has purchased the thermoforming operations of BO Packaging of Santiago, Chile.

In line with its ongoing growth strategy, U.S. automotive supplier Henniges Automotive has announced that it will further expand its global footprint with the construction of a new technical center in the Czech Republic and a new manufacturing unit in South America.

Plastics and petrochemicals giant LyondellBasell Industries is negotiating to buy a controlling stake in Brazil's Braskem SA in a deal that would create a resin powerhouse throughout the Americas.

R&&D/Leverage, which makes tooling for packaging and offers design and brand development services, is partnering with two mold makers in Brazil to expand into South America.

According to May 24 report in Valor Economico, LyondellBasell's offer for a controlling stake in São Paulo-based Braskem values the company at 41.5 billion Brazilian real ($11.5 billion).

German packaging firm Klöckner Pentaplast's pharmaceutical && medical device films division (KP Pharma) has announced a 5 million euro ($5.9 million) investment in its Cotia, Brazil, facility to support the growing market.

High density polyethylene water container and polypropylene random copolymer pipe maker Grupo Rotoplas SAB de CV has reached a preliminary agreement to buy a leading provider of water flow systems in Argentina.