China – Polyethylene Terephthalate
PET and its chain continue to slowdown
in trade , due to the upcoming Chinese
New Year holidays Feb. 4-10.
PET Bottle grade export 1,050/1,090 $/ton – PET Bottle grade domestic market 8,350/8,450 yuan/ton – PET Filament grade SD domestic market 7,800/7,950 yuan/ton – PET Filament grade BR domestic market 7,800/7,900 yuan/ton
PTA Taiwan 845/860 $/ton – PTA domestic market 6,600/6,700 yuan/ton – MEG $ 620/635 $/ton – MEG domestic market 5,100/5,200 yuan/ton – PX Korea 1,060/1,075 $/ton
POY 150D/48F domestic market 8,500/8,600 yuan/ton – DTY 150D/48F domestic market 10,350/10,450 yuan/ton – PSF domestic market 8,900/9,000 yuan/ton
- Crude Oil Prices Trend
The supplier of Pepsi and Watson’s will develop the facility under the Vision 2030 and Belt and Road Initiative programmes
China’s Pan-Asia Pet Resin, a polyethylene terephthalate bottle supplier, has launched a project within Saudi Arabia’s Jazan City for Primary and Downstream Industries.
The $1bn (More than 570 jobs will be created through the project of the Chinese company, which has long-term partnerships with beverage producers such as Coca Cola, Pepsi, Master Kong, and Watson’s.
Pan-Asia’s project is being implemented as part of the agreements signed between Saudi Arabia and China under the umbrella of Vision 2030 and the Belt and Road Initiative, according to the kingdom’s state-owned press agency, SPA.
There have been plenty of demonstrations of futuristic electric vehicles featuring autonomous driving options that turn today’s car into a living room or a mobile office.
But at the North American International Auto Show in Detroit, Nissan Motor Co. and its Infiniti brand instead showcased EVs that look more like sedans seen on the road now, which are a vision for what the Japanese automaker could put on the road in just a few years.
“This is a progression,” said Giovanny Arroba, program design director at Nissan, during an interview at the auto show’s press preview Jan. 14-17. “This is a step forward. We’re looking at this for 2022 and beyond.”
That step forward also looks at opportunities to tweak materials and processes, which could mean 3D printing, urethane-based synthetic leather, subtle LED lighting and a higher profile for clear plastic screens.
The continued critical market situation about the supply of PA66 is linked to lack of availability, continuously increasing demand and prices. The need is to find innovative materials and creative developers to compensate for this tight resource for finding a long-term solution.
Brenntag, the global market leader in chemical distribution and compound developer, has taken the lead by introducing two PA6-based products for the substitution of PA66. PA66 and PA6 have a number of things in common and offer a potential opportunity for adequate substitution.
Shandong Ruyi Investment Holding, one of the leading textile and apparel companies in China, announced today that it has completed its acquisition of INVISTA’s Apparel & Advanced Textiles business. The transaction includes all associated assets and contracts.
The new company will operate as The LYCRA Company, an independent subsidiary, and will continue to manufacture advanced fiber and technology solutions for the apparel and hygiene industries. The LYCRA Company is named for LYCRA® fiber, the original spandex/elastane fiber and the company’s best-known product. The purchase includes a robust portfolio of highly respected consumer and trade brands: LYCRA®, LYCRA HyFit®, LYCRA® T400®, L by LYCRA®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX®, TACTEL®, and TERATHANE®.
“We are fortunate to be purchased by Ruyi, a company that shares our vision and our commitment to delivering high-quality products, technical expertise, and unmatched marketing support to our valued customers,” said Dave Trerotola, chief executive officer, The LYCRA Company.
- Bio-Plastic Packaging Market with Focus on Emerging Technologies, Regional Analysis and Forecasts to 2025
Bio-Plastic Packaging Market analysis report contains all study material about Market Overview, Growth, Demand and Forecast Research in all over the world. This report offers some penetrating overview and solution in the complex world of Bio-Plastic Packaging Market.
This Bio-Plastic Packaging Market report then analyses company profiles and the growth strategies of the major Bio-Plastic Packaging Market leaders. In this Bio-Plastic Packaging Market Report A detailed study of product picture and specifications, revenue, cost, price, gross, capacity and production, company profiles, and contact information is carried out in the analysis of Bio-Plastic Packaging industry key manufacturer’s section.
Danapak Flexibles, a subsidiary of the Schur Flexibles Group, will be showcasing its flexible packaging solutions during Pharmapack Europe in Paris, 6–7 February 2019.
The company specializes in highly complex laminates that offer high chemical resistance and inertness to the transdermal industry. For those products that require significant inertness and chemical resistance, the company offers laminates that contain Barex.
However, in light of the discontinuation of Barex, Danapak has developed alternatives using the Hansen Solubility Parameter (HSP) analysis. As HSP analysis can calculate which specific contact layer would be best suited to withstand the individual APIs and excipients, the alternative solutions can be tailor-made to individual requirements.
Awards recognize brand leaders and textile partners committed to sustainable sourcing
Now in its second year, Unifi, Inc.’s Champions of Sustainability awards continue to recognize brands, retailers and textile partners that demonstrate the shared goal of making our planet a better place to live.
This year, a total of 68 companies are being recognized as Champions of Sustainability – a 36 percent increase from last year’s total.
Thanks to help from partners like these, Unifi has now recycled more than 14 billion bottles that are used to make its REPREVE® performance fiber.
“Take, make, waste” is no longer a viable way of operating in the fast-moving-consumer-goods (FMCG) industry. Billions of clothing items find their way into landfills every year, plastic bottles are polluting the oceans and electronic waste is harmful.
The circular economy is a system which regenerates itself in a closed loop. Products are used, recovered, repaired and used as input to more products and not disposed of as waste. Achieving, or at least getting closer to, this situation is a mission being pursued by most of the leading global manufacturers and retailers including LÓreal, Unilever, The Coca-Cola Company, Veolia and Dell.
Levi Strauss is an example of a clothing company that is successfully employing circular economy principles. Their vision is to find practical and creative ways to extend the life of jeans, repurpose them, and/or recover and reprocess the fibres into raw material for the next generation of Levi’s.
- Here’s why the U.S. oil market has little to fear from Venezuela turmoil
U.S. sanctions on PdVSA ‘not a big deal’ for U.S. crude oil and gasoline supplies: analyst
Venezuela is home to the world’s largest crude-oil reserves, but the sorry state of its oil industry means that U.S. sanctions on the country may have only a limited impact on the global crude market.
Longer-term, Venezuelan production, however, may score a significant boost if opposition leader Juan Guaidó succeeds in his claim to the presidency. That would contribute more oil to world-wide supplies.
Venezuela’s economy suffered under President Hugo Chávez, who took office in 1999, and has continued to suffer under his successor Nicolás Maduro since 2013. Daily production of oil had been sliced by roughly half to 1.4 million barrels as of May 2018, from more than 3 million barrels in 1998, according to U.S.
- SCHWABE Die Cutting Vacuum System Favored by Leading Automotive Seating Company for High Volume / Mass Production Parts Manufacture
Leading manufacturers in the Auto Interior Trim industry use different machinery and technology to optimize different production needs e.g. SCHWABE USA large format die cutting vacuum systems are favored for high volume / mass production auto trim / seat cover parts manufacture.
“The automotive seating market is a highly consolidated market dominated by major companies such as Adient, Lear Corporation, Faurecia and Grupo Antolin…together hold more than 66% of the global market.” Mordor intelligence.com
Global Auto Interior Trims and Seat Cover Industry
Lear Corporation profile
China Europe Automotive PNE – More News More +
French automotive supplier Novares Group has acquired all of the outstanding shares in its former joint venture company, Wuhan Mecaplast in Wuhan, China, as part of a strategy to expand its presence in that country.
The company said Jan. 30 that it had purchased the remaining 30 percent stake in the company from JV partner Yazhong via its Chinese subsidiary Noveastern, but did not disclose transaction details.
Novares said it had also relocated the production plant from Wuhan to Shanghai, where it has established a new facility conforming to its global production standards to house both the production operations and the Wuhan technical center.
High-fashion fabric purveyor Toyama keeps abreast of trends and seeks to boost European profile while maintaining reputation for reliability in Asia
In the highly fragmented global textiles market, Toyama has built an excellent track record as a supplier of high-fashion fabrics, with almost a century and a half of expertise.
Founded in 1877 as a family-owned cotton yarn business, Toyama has become a trusted partner to leading apparel makers in Japan and overseas, and is valued for helping clients come up with concepts for their new product lines.
Its wool materials business also forms a significant part of its operations, with Toyama being among the top Japanese exporters to the United States.