Polyplastic has produced more than 25 thousand tons of composite materials for the automotive industry in 2017  – Polyplastic, a composite division of the Polyplastic Group, produced more than 25,000 tons of composite materials for the automotive industry last year – Polyplastic composite materials automotive industry

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Polyplastic has produced more than 25 thousand tons of composite materials for the automotive industry in 2017 

Polyplastic composite materials automotive industry  MOSCOW – Polyplastic, a composite division of the Polyplastic Group, produced more than 25,000 tons of composite materials for the automotive industry last year, the company said.

NPP “Polyplastic” is the supplier for the majority of large automakers represented on the Russian market.

On May 22, the 10th International Conference “Polymers in the Automotive Industry of 2018” was held in Moscow.  Among the participants were GAZ Group, Daimler Kamaz Rus, AvtoVAZ, Renault Russia, Volkswagen Rus, Ford Sollers Holding, as well as the largest polymer producers.

The head of the projects of NPP Polyplastic in the direction of the auto industry Irina Pyanikh told about the materials of the company for the automakers.  This direction, with an annual volume of produced materials of more than 25 thousand tons, is one of the priority in the company.  Prospects for the use of modern polymer materials in the automotive industry are becoming ever more extensive, because already now compounds are used in the production of bumpers, moldings, mirror housings, upholstery and many other automotive components.

Despite the stagnant automotive market, which only this year began to demonstrate a slight increase, the production of composite materials of the Polyplastic is constantly increasing.

According to experts who spoke at the conference, the problems of the local market for the production of auto components are well known: the lack of cheap and high-quality domestic materials, import duties on foreign raw materials, high monetary and time costs for homologation, instability of supply, low production volumes.

Earlier it was reported that NPP Polyplastic increased sales of products in 2017 by 9%.

OOO NPP Polyplastic is part of the Polyplastic Group, Russia’s largest plastics processor and producer of pipes and fittings for gas and water distribution networks.  The company specializes in the production of thermoplastic composite materials for processing by injection molding, casting with blowing and extrusion.

mrcplast.ru

Author:   Anna Larionova

Tags:   ABS , PP , PS , auto components , Polyplastic , Russia .

Category:   General news

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Asia PTA rising on tight supply despite weak China market – Spot purified terephthalic acid (PTA) prices in Asia have been rising on the back of tight supply amid unplanned outages at regional plants, despite weak demand from key China market – Asia PTA China market

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Asia PTA rising on tight supply despite weak China market

Source:ICIS News

SINGAPORE (ICIS)–Spot purified terephthalic acid (PTA) prices in Asia have been rising on the back of tight supply amid unplanned outages at regional plants, despite weak demand from key China market.

Asia PTA China market

Supply tightness may last well into June and provide firm support to regional PTA prices – which are currently at their highest since 2014 – while China’s domestic prices are under pressure from weak downstream polyester sales.

Asia PTA China market

Regional prices have risen by 8.4% from end-March 2018 to $840/tonne CFR (cost & freight) China on 23 May, according to ICIS data.

China’s domestic PTA prices, on the other hand, started to decline on 16 May, shedding 2.0% to yuan (CNY) 5,763/tonne ($902/tonne) ex-warehouse on 23 May, according to ICIS data.

Asia PTA China market

Amid the wide price gap between China’s import and domestic PTA market, Chinese buyers are focusing on procuring supply from the local market.

China’s monthly PTA imports are pegged at around 60,000 tonnes, which represent about 2% of its total consumption.

Amid scarce availability of supply due to plant outages, regional producers are opting to sell to other markets where prices are higher.

In South Korea, Hanwha General Chemical declared a force majeure on 21 May on supply following an unexpected shutdown at its Daesan-based 700,000 tonne/year PTA unit.

“Production of PTA units at southeast Asia were also riddled with small troubles, and this had led to better demand for imports seen from Malaysia and Indonesia,” a northeast Asia-based producer said.

There were healthy inquiries coming from Turkey and Europe, largely due to tight supply in the European markets, according to market players.

BP Chemical on 15 April declared a force majeure at its Belgium PTA unit, and declared a second force majeure on 17 May.

Apart from tight supply, PTA’s recent price rally in Asia was also driven by gains in the feedstock paraxylene (PX) market, coupled with the traditional peak demand season in April and May.

Asia PTA China market

In China, downstream demand for PTA will enter into a traditional seasonal lull in June which will last into August, with buyers currently purchasing on a need-to basis, unwilling to build inventories.

Focus article by Samuel Wong

($1 = CNY6.39)

Photo: A worker at a textile factory in Jiangyin, east China’s Jiangsu Province. The textile industry is the main downstream of purified terephthalic acid (PTA). (Source: Sipa Asia/REX/Shutterstock)

By Samuel Wong
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Africa polymer prices stable in the midst of rainy season, Ramadan – African polypropylene (PP) and polyethylene (PE) prices are stable as negotiations remain limited on the back of many players observing Ramadan and the seasonal rainy season – Africa polymer prices Ramadan

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Africa polymer prices stable in the midst of rainy season, Ramadan

 Source:ICIS News

Africa polymer prices Ramadan

LONDON (ICIS)–African polypropylene (PP) and polyethylene (PE) prices are stable as negotiations remain limited on the back of many players observing Ramadan and the seasonal rainy season, sources said this week.

Buying interest has therefore remained low.

Ramadan started on 17 May and will finish on 15 June.

A key polymer market in the region, South Africa, is also entering the low winter season.

Meanwhile, Kenya has been suffered from flooding in some areas due to heavy rainfall.

Expectation for June is that African polymers prices will remain stable to soft as both Ramadan and the rainy season continue through the month.

One seller said that is had seen some positive sentiments for the coming weeks, but most players are expecting another quiet month.

Tightness in the PP market has balanced the weak demand, preventing continued price drops.

Africa polymer prices Ramadan

 

There was a suggestion that raffia prices have softened on the current high end price by $20/tonne, but this could not be confirmed across the wider market.

The PE market is softer for low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) but prices may have bottomed out.

There is potential for some further softening but it is unlikely to be large movements.

East Africa may also have seen some reduction in the top end price that buyers are willing to pay, also by $20/tonne but this could not be confirmed.

South Africa prices continued to roll over, but depreciation of the rand means that sellers are likely to make higher offers in June to compensate for the lost value.

Nervy global political climate is convincing some investors to divest from the growing economy of South Africa. #

A seller said that the government needed to intervene to slow the currency slide but wasn’t at fault for the initial fall.

The South African economy had been enjoying a strong start to the year, following the establishment of a new government.

This follows the removal of former president Jacob Zuma from the ruling ANC party and the appointment of Cyril Ramaphosa as his successor.

Africa polymer prices Ramadan Pictured: People and vehicles wade through water in Nairobi in April. The rainy season has caused heavy flooding in Kenya
Source: Xinhua News Agency/REX/Shutterstock

Focus article by Ben Lake

By Ben Lake
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Indorama Ventures’ Expansion of Bicomponent Fiber in the US New Production Capacities to Serve Growing Customer Requirements – Indorama Ventures’ Expansion of Bicomponent Fiber in the US New Production Capacities to Serve Growing Customer Requirements – FiberVisions Corporation, a subsidiary of Indorama Ventures, has received the approval of Indorama Ventures’ board to further expand its bicomponent fiber capacity in Covington, Georgia, USA – Indorama Ventures Expansion Bicomponent Fiber

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Indorama Ventures’ Expansion of Bicomponent Fiber in the US New Production Capacities to Serve Growing Customer Requirements
  • Delivers differentiated Bicomponent fibers
  • Increases competitive advantage to serve customers in broader markets
  • Underlines our position as the world’s leading supplier and largest producer of polyolefin bicomponent fibers

Indorama Ventures Expansion Bicomponent Fiber Bangkok, Thailand  – FiberVisions Corporation, a subsidiary of Indorama Ventures, has received the approval of Indorama Ventures’ board to further expand its bicomponent fiber capacity in Covington, Georgia, USA. This new project will be the Company’s largest line for producing bicomponent fiber, with 24,000 tons per year capacity, and will have state-of-the-art technology to create a new generation of Bicomponent fibers. The innovative design and performance characteristics of these novel fibers will be shared with our strategic partners closer to the start-up date.

“We recognize that changes taking place in the nonwovens, hygiene, and industrial markets are creating the need for new performance attributes from our fibers.  This expansion will allow our joint venture with JNC of Japan, ES FiberVisions, to continue delivering differentiated bicomponent fibers that our customers need in order to be successful in their own businesses,” according to Mr. Tom Zaiser, CEO of FiberVisions Corporation.  “With this investment in Covington, we will provide new capabilities to our customers, particularly in the Carded, Air Laid, and Air Lay markets.  As a pioneer of bicomponent fiber, this expansion will enable ES FiberVisions to remain the leading supplier in the world.”

The new line will create a site with four bicomponent lines servicing the Americas and Europe, and represents one piece of an expansion plan promoting our bicomponent fiber growth worldwide. Indorama Ventures and ES FiberVisions (ESFV), a joint venture between FiberVisions LLC (a subsidiary of Thailand’s Indorama Ventures PCL) and Japan’s JNC Corporation, have been successfully expanding bicomponent fiber growth on a global scale. Key projects have been carried out: ES FiberVisions opened a new production facility in Rayong, Thailand in 2017; FiberVisions Corporation will be completing a debottleneck of its existing Bicomponent fiber lines in Covington in the summer of 2018; and the previously announced investment to double the capacity of ES FiberVisions Suzhou Co., Ltd plant to over 28,000 tons per year capacity in Jiangsu Province, China, will be completed in the summer of 2019.

Through the ES FiberVisions joint venture between FiberVisions and JNC Corporation, the two partners are the world’s largest producers of polyolefin bicomponent fibers and have the broadest geographic coverage of any producer, with production sites in China, Denmark, Japan, Thailand and the United States.

About Indorama Ventures

Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Africa, Asia, Europe and North America. The company’s portfolio comprises Necessities and High Value-Added (HVA) categories of Polymers, Fibers, and Packaging, selectively integrated with self-manufactured Ethylene Oxide/Glycols and PTA where economical. Indorama Ventures products serve major FMCG and Automotive sectors, i.e. Beverages, Hygiene, Personal Care, Tire and Safety segments. Indorama Ventures has approx. 15,000 employees worldwide and consolidated revenue of US$ 8.4 billion in 2017. The Company is listed in the Dow Jones Sustainability Index (DJSI).

Indorama Ventures is headquartered in Bangkok, Thailand with global operating sites in

EMEA: The Netherlands, Germany, Ireland, France, UK, Italy, Denmark, Lithuania, Poland, Czech Republic, Luxembourg, Spain, Turkey, Nigeria, Ghana, Portugal
North America: USA, Mexico, Canada
Asia: Thailand, Indonesia, China, India, the Philippines, Myanmar

Contacts
Richard Jones
Tel: +662.661.6661 ext. 680
richard.j@indorama.net

Naweensuda Krabuanrat
Tel: +662.661.6661 ext. 247
naweensuda.k@indorama.net

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LyondellBasell makes bid to acquire Brazil Braskem – report – LyondellBasell acquire Brazil Braskem

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LyondellBasell makes bid to acquire Brazil Braskem – report

Source:ICIS News

LyondellBasell acquire Brazil Braskem HOUSTON (ICIS)–LyondellBasell valued Braskem at real (R) 41.5bn ($11.4bn) in a bid it made to acquire the Brazilian polyolefins producer, according to a news report published on Thursday.

US-listed shares of Braskem rose by 5.20% following the news.

LyondellBasell presented the proposal to Brazilian construction company Odebrecht, which owns a 50.1% voting stake in Braskem, according to the financial newspaper Valor Economico.

The proposal needs to be approved by Brazilian state energy producer Petrobras, the other major shareholder of Braskem, according to Valor.

The offer represents a 12% premium over Braskem’s B3 shares on the Brazilian stock exchange, Valor said.

In a statement, Odebrecht said it has not received a proposal to acquire its stake in Braskem. The company continues to work on alternatives to create value for the company and its shareholders.

Odebrecht also reaffirmed its intention to maintain its participation in the petrochemical sector.

LyondellBasell said on Thursday it does not comment about market speculation. Braskem said it will not comment. Petrobras did not immediately respond to a request for comment.

Earlier in October, the Wall Street Journal reported that LyondellBasell had made a takeover approach to Braskem.

At the time, an analyst made the case why such a deal would make sense. Braskem met the acquisition criteria laid out by LyondellBasell during its April 2017 analyst day. That target would need to be a low-cost producer of commodity chemicals with a similar portfolio. In addition, the acquisition would have to be accretive to earnings/share within two years.

The acquisition would extend LyondellBasell’s footprint in Brazil and further extend its share in the polypropylene (PP) market in the US and Europe. Braskem is also active in Mexico through its controlling stake in the joint venture Braskem Idesa, which produces polyethylene (PE) at the country’s Ethylene XXI complex.

However, it is unclear how the Brazilian government would view the foreign takeover of its national polymers champion. Braskem is the sole producer of PP and PE in the country.

If LyondellBasell does pursue Braskem, it would mark the company’s second major acquisition.

The company is expected to close on its $2.25bn purchase of plastics compounder A Schulman later this year.

($1 = R3.64)

By Al Greenwood
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Ski Lifestyle: performance and recyclability – RadiciGroup delivers a 100% nylon, 100% recyclable garment to its Ski Club athletes and coaches: a circular economy runs in the family – Ski Lifestyle performance recyclability

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Ski Lifestyle: performance and recyclability

Ski Lifestyle performance recyclability

RadiciGroup delivers a 100% nylon, 100% recyclable garment to its Ski Club athletes and coaches: a circular economy runs in the family

Gandino (BG)This morning, the coaches of the RadiciGroup Ski Club were presented with a new 100% nylon gilet, made by RadiciGroup with the collaboration of the companies in its 100% European production chain.

The gilet will be worn in the future by all RadiciGroup Ski Club athletes.

This monomaterial garment was developed within an ecodesign framework and can, therefore, be easily recycled mechanically at the end of its life, thus becoming a secondary raw plastic material to be used for technical and industrial applications.The RadiciGroup gilet is an actual example of the circular economy in action – an approach much talked about, but which few enterprises are capable of implementing in house.

RadiciGroup’s unique vertically integrated production makes the Group the only one in Europe capable of controlling its entire production process, from the production of polymer chemicals to fibres and engineering plastics, down to end-of-life recycling.

“In sport and business, what counts is performance,” stressed Angelo Radici, president of RadiciGroup and the main sponsor of the Ski Club.

Ski Lifestyle performance recyclability

Mr. Angelo Radici, President of RadiciGroup

“Speaking as a sportsman and an entrepreneur, I believe we must always work towards improving ourselves on a daily basis, particularly improving our professional competence. Each goal we set has to become a stimulus to do more and better.

This is what we at RadiciGroup are trying to do with our products, by working on maximizing the efficiency and effectiveness of our production plants.

For over 75 years, our constant commitment, continual training and close relationship with our customers have allowed us to deliver the best products, satisfy the demands of a highly competitive and demanding market, like textiles, and provide answers to sustainability problems.”
The 100% nylon gilet fulfils the above corporate vision.

It is made with Raditek® Fine yarn, a high-tenacity polyamide yarn specially engineered for high technology applications, such as sails and parachutes. The yarn endows the fabric with high tear and abrasion resistance, while keeping it lightweight and resistant to UV radiation.

Read More

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Plastics can aid the circular economy – How can the increased collection and recycling of plastics enable a more circular economy for Europe? – Plastics circular economy recyclable plastic

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Plastics can aid the circular economy

 

Plastics circular economy recyclable plastic

How can the increased collection and recycling of plastics enable a more circular economy for Europe?

It’s a question that’s more pressing than ever. The European Commission’s recently adopted Plastics Strategy notes “the way plastics are currently produced, used and discarded fails to capture the economic benefits of a more ‘circular’ approach” to production and consumption.

In our industry, for instance, we use bottles made of a lightweight, recyclable plastic – polyethylene terephthalate (PET) – to preserve the unique qualities of natural mineral and spring water from source to consumer. Drink bottles made of PET are already the most recycled of all plastic packaging materials. But we need to do more to ensure that every bottle has a second life.

Key to realising this goal is increasing the collection rates for PET bottles. These currently vary considerably across the EU. Some member states collect over 90% of all PET bottles, while others manage less than 20%. This is despite industry-led efforts to establish and contribute to national recovery and recycling schemes.

Our industry aims to work towards an EU average collection rate of 90% by 2025. However, member states currently track collection rates in different ways and there is no harmonised data specifically related to the collection of PET drink bottles. That is why we are encouraging the European Commission to take action on the gathering of polymer-specific data. By knowing exactly how many PET drink bottles are currently being collected across the EU, we can have a better idea of where we are starting from – and how we can deliver on our 90% collection rate pledge. Increasing the collection of PET bottles will have a direct, tangible impact on litter levels, but it also enables another key step in the circularity process – recycling.

Used PET bottles are a valuable resource. They can be integrated into the production of multiple new items – from textiles and car parts to a new generation of bottles.

Collection is a priority area. Policymakers, industry and citizens can play a vital role in tackling the unacceptable phenomenon of litter.

While increased collection of high-quality PET will pave the way towards greater usage of this valuable material, action in other areas is just as important. Investing in research and development on product innovation is another key priority for our industry and of course there is a need to engage with consumers, who are important partners in catalysing Europe’s shift towards a more circular economy. As an industry, we are committed to doing more on all of the above.

From the producer who places a product on the market using recyclable packaging and the consumer disposing of it responsibly, to the municipal authorities collecting it or the recyclers turning it into a valuable new resource – we all have a role to play in making sure every single PET bottle gets a second life. EFBW members are committed to moving forward on this issue. We hope others will join us on the journey.

Jean-Pierre Deffis is president of the EFBW

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-OUTLOOK ’18: Europe R-PET, the market that lost its bottle – For the majority of 2017, post-consumer polyethylene terephthalate (PET) bottles were tight and, thereby, upwards pressure was placed on pricing of all R-PET products – Europe RPET market bottle

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