ArabPlast – Fakuma – PP-plant Vietnam 23-05-2023
ArabPlast – Fakuma – PP-plant Vietnam Polyethylene – Maire-Technimont
Crude Oil Prices Trend
-Fakuma showcases Polymers for the Future
Booth spaces are rapidly filling up in the exhibition halls in Friedrichshafen for the 28th Fakuma global trade fair for plastics processing. All participating parties are eagerly anticipating fresh inspiration from the world’s leading trade fair for the injection molding industry. Polyethylene – Maire-Technimont
Fakuma is internationally recognized as a premier trade fair in the domain of injection molding. It serves as the industry and technology gauge for extrusion technology, thermoforming, and 3D printing. This year’s event will once again emphasize digitalization, process automation, and energy efficiency. “Especially for our sectors, circular economy and sustainability go beyond mere buzzwords,” remarks Annemarie Schur, Fakuma project manager at trade fair organizers P. E. Schall. “It has become evident that manufacturers and users are dedicated to making plastics production and processing as environmentally sustainable as possible. ArabPlast – Fakuma – PP-plant Vietnam
Companies are focusing on high-quality, long-lasting advanced solutions that find indispensable use in various industries such as solar modules, electric mobility, construction, technical components, consumer goods, and furnishings. None of these sectors can function without plastics,” emphasizes the project manager
. “Fakuma will once again demonstrate the integration of the highly intricate subject of plastics into climate protection and circular economy, showcasing its forward-thinking approach in a truly exceptional manner.”
Energy efficiency, sustainability, recyclable design, and AI-driven solutions will receive extensive attention at the trade fair. Another significant objective of Fakuma revolves around showcasing plastics processing in the intelligently interconnected factory of tomorrow. Polyethylene – Maire-Technimont
“The event stands out for its practical relevance,” highlights Nicolai Küls, managing director of technotrans solutions GmbH. “Technological trends and their application in mass production are frequently showcased at Fakuma. This is a crucial factor for an innovative, application-oriented company like technotrans.
In our view, practical relevance, focus, and continuity are key ingredients for future success.” ArabPlast – Fakuma – PP-plant Vietnam
“As pivotal megatrends, climate protection and society’s increasing environmental awareness, along with ever-evolving legal requirements such as the use of eco-friendlier refrigerants for process cooling and the rise of e-mobility, will ensure that energy efficiency remains a driving force in future product development,” asserts Nicolai Küls. “Moreover, intelligent collaboration among machines, tools, and peripheral technology, particularly in the realm of thermal process management, still holds immense potential for cost savings.”
Forward-thinking solutions: processes, products, and business models
Numerous sustainable solutions and products would simply be unattainable without plastics. The importance of plastics, their significance for everyday life, and future demands will take center stage at Fakuma. Consequently, the trade fair serves as an ideal platform for unveiling new products and technological solutions, as well as for expert discussions on present and future challenges. Polyethylene – Maire-Technimont
Advanced machinery, optimized processes, novel products, and future-oriented business models will also receive special attention. ArabPlast – Fakuma – PP-plant Vietnam
-Maire Tecnimont wins deal to design PP plant in Vietnam
Vietnam’s Stavian Quang Yen Petrochemical JSC said it had awarded a contract to design a USD1.5-B polypropylene plant in the country to Italian engineering group Maire Tecnimont, said Hydrocarbonprocessing.
The 10-month Front End Engineering Design contract signed on the same day in Hanoi was for the development of the plant to be built in the northern province of Quang Ninh, Stavian said in a statement. Polyethylene – Maire-Technimont
Stavian said earlier the plant would start commercial operations from the fourth quarter of 2026 and would produce 600,000 tons of polypropylene annually to supply manufacturers of home appliances, automobiles, electronics and medical equipment.
Vietnam’s demand for plastic raw materials, estimated at eight million tons last year, is forecast to increase 6.6% a year from now through 2025, Stavian chairman Dinh Duc Thang said.
“Domestic supply is limited, leaving significant room for development,” Thang said in the statement. ArabPlast – Fakuma – PP-plant Vietnam
We remind, Maire Tecnimont S.p.A. (Milan, Italy) announced that its Sustainable Technology Solutions subsidiary NextChem has been awarded a new contract by Storengy to carry out a further advanced basic engineering study for the gasification of the waste wood and the purification system of the syngas to produce biomethane.
-Smartex reveals new knitted fabric-roll level traceability tool Smartex, the producer of systems that identify fabric imperfections on circular knitting machines, introduces a novel tool for tracking fabric-roll levels
Scheduled for debut at the upcoming ITMA Milan exhibition, the Smartex Loop system represents a significant advancement in the company’s pursuit of state-of-the-art instruments to enhance fabric quality for knitting mills.
Expanding on the success of Smartex Core, the AI-enabled automated quality control solution, Smartex Loop allows suppliers to leverage data collection at the fabric-roll level and upgrade communication within the supply chain. This directly addresses the fashion industry’s demand for improved supply chain data, ushering in an era of transparency and collaboration. ArabPlast – Fakuma – PP-plant Vietnam
“Smartex Loop future-proofs businesses by establishing a foundation for enhanced data collection and communication, enabling them to meet the growing need for transparency and accountability in the textile sector while enhancing operational efficiency,” explained Gilberto Loureiro, CEO of Smartex. “With Smartex Loop, users can swiftly scan the Loop Passport of any fabric roll—or review all their rolls on the Smartex Platform via their computer or mobile device—and gain instant access to a wealth of information about the production history and quality of that fabric roll.” Polyethylene – Maire-Technimont
The traceability tool equips fabric manufacturers with the means to elevate product value, boost productivity, and stay ahead of the ever-changing industry landscape, according to Smartex. Specifically, the system enables mills to identify issues with fabric rolls, pinpointing the exact machine, worker, or yarn supplier involved. This visibility enhances quality alignment and transparency between knitting facilities and dye house partners, fostering trust, reducing waste, and minimizing delays.
Moreover, in cases of supply chain disputes, Smartex Loop offers undeniable evidence of product quality through a digital roll map, effectively avoiding time-consuming and expensive litigation with upstream and downstream customers.
Interestingly, the advantages of Smartex Loop go beyond quality control. It also provides crucial evidence for reducing waste, tracking inventory, and identifying Tier 2 production locations, enabling fashion brands to meet the increasing demands for improved supply chain data from legislation, investors, and consumers. ArabPlast – Fakuma – PP-plant Vietnam
“We can now comprehend the underlying causes of defects that occur during our manufacturing process,” added Carlos Rocha, Industrial Director of Impetus Group. “By consulting Loop, I can gather the necessary information to collaborate with other parties and enhance our production quality.” Polyethylene – Maire-Technimont
The company has also upgraded its Core module, the foundation of the Smartex system, which now supports all circular knitting machines, including tubular machines.
Smartex Core facilitates automated quality control, enhancing productivity, profit margins, and waste reduction by eliminating rejected rolls. Utilizing advanced artificial intelligence and European hardware, it detects and prevents defects during fabric production, tackling production issues at their source.
“By expanding compatibility to include tubular circular knitting machines, it ensures that all their existing and future customers can ensure quality and optimize production with Smartex Core,” stated the company.
ITMA attendees can find Smartex at Hall 4, Stand E103, as well as at three other booths: Terrot (H4-E104), Norsel (H4-C306), and Unitex (H2-D204). Additionally, the company will showcase a new Automatic Roll Grading tool at the exhibition. This feature enables objective and automated grading of all fabric rolls, departing from the subjective and sample-based approach commonly used in the textile industry. Leveraging Smartex Core’s advanced camera and light system, the Smartex Platform analyzes captured photos to provide consistent and accurate grading. ArabPlast – Fakuma – PP-plant Vietnam
Factories can customize their quality thresholds, gaining deeper insights into production and machine performance while maintaining consistent quality standards. The seamless communication of fabric roll quality across the supply chain is facilitated by integrating Automatic Roll Grading with Smartex Loop. Polyethylene – Maire-Technimont
-China’s Sinopec agrees terms for potential Kazakhstan polyethylene investment
China’s Sinopec said it has agreed key terms with Kazakh state-owned oil and gas firm KazMunayGaz (KMGZ.KZ) to build a gas-based petrochemical complex in Kazakhstan’s Atyrau region and a final investment decision will be made in 2024.
The agreement was signed on the sidelines of the ongoing China-Central Asia Summit in Xian in China’s Shaanxi province, where China President Xi Jinping is meeting with the leaders of five ex-Soviet countries to discuss enhanced cooperation in a range of fields, including energy. Polyethylene – Maire-Technimont
The companies agreed to build a petrochemical complex processing ethane – a by-product from natural gas field – into ethylene with an annual capacity of 1.275 million tonnes, Sinopec said in its inhouse newspaper on Friday.
They also agreed to build two polyethylene facilities each sized at 625,000 tonnes a year, the report added. ArabPlast – Fakuma – PP-plant Vietnam
President Xi met with Kazakh counterpart Kassym-Jomart Tokayev on Wednesday, where the two discussed deepening trade and economic ties between the countries.
China’s three main state-owned oil firms Sinopec, PetroChina and CNOOC have all previously made investments in Kazakhstan’s oil and gas sector. PetroChina is a member of the consortium that is currently developing the Kashagan field in the Caspian Sea – Kazakhstan’s second-largest producing field – alongside Western oil majors and KazMunayGaz.
Investment between China and the five nations reached a record high of more than $70 billion in 2022. Polyethylene – Maire-Technimont
-Oil experiences a recovery after declines due to minimal risk of US debt ceiling, while low-quality crude weakens despite production cuts by OPEC+
In general, the overall sentiment remains varied as investors balance optimism regarding the avoidance of a US debt default with inflation data that may indicate more interest rate hikes from global central banks.
On May 19, oil prices bounced back from losses exceeding 1% in the previous session, as investors cautiously embraced optimism about the diminishing risk of a US debt default. However, in Asia, Middle East crude prices dropped to their lowest point in months, despite OPEC+ reducing production. Asian refiners held back on immediate purchases, while China and India opted for inexpensive Russian oil. Polyethylene – Maire-Technimont
Brent futures climbed 69 cents, or 0.9%, reaching $76.55 per barrel, while West Texas Intermediate US crude rose by 56 cents, or 0.8%, to $72.42. In general, the overall sentiment remains mixed as investors balance optimism regarding the avoidance of a US debt default with inflation data that may indicate more interest rate hikes from global central banks. ArabPlast – Fakuma – PP-plant Vietnam
Impact of US debt ceiling on oil markets
Earlier this week, US President Joe Biden and Speaker of the House of Representatives Kevin McCarthy reiterated their commitment to reaching an agreement to raise the federal debt ceiling of $31.4 trillion and agreed to hold discussions on May 21. According to Federal Reserve policymakers, US inflation does not appear to be cooling down rapidly enough to enable the Federal Reserve to pause its cycle of interest rate hikes.
“I believe markets have been factoring out the risks associated with a US debt default, leading to a more risk-on environment and some recovery buying in Brent crude following the previous oversold conditions,” stated Yeap Jun Rong, a market strategist at IG, in an interview with Reuters.
Analysts from the National Australia Bank have expressed concerns that the possibility of additional rate hikes increases worries about weakened demand in the United States. However, they also mentioned the potential for prices to rise as they anticipate ongoing improvement in China’s demand throughout 2023, which should offset the slowdown in demand from OECD countries. ArabPlast – Fakuma – PP-plant Vietnam
Weakness in sour crude prices despite OPEC+ cuts
On May 18, the premium of benchmark Dubai crude dropped to a four-month low of 70 cents per barrel above Dubai quotes. Meanwhile, Qatar has set al-Shaheen’s July term price at its lowest point in 27 months after increasing supplies. The decline in prices might lead top exporter Saudi Arabia to lower prices for its term cargoes to Asia for the second consecutive month in July, as reported by traders. Weak refining margins last month also caused certain Asian refiners to reduce output. Polyethylene – Maire-Technimont
The next meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) is scheduled for early June. Iraq’s oil minister stated that he does not anticipate further output cuts by OPEC+.
While sour crude prices have strengthened in Europe and the US due to the Russian oil boycott and strong demand for alternative supplies, China and India, the world’s primary and third-largest crude importers respectively, are purchasing record amounts of Russian crude at the highest prices since the December embargo. ArabPlast – Fakuma – PP-plant Vietnam
-16th edition of ArabPlast promises to be bigger than ever
The 16th Edition of ArabPlast is scheduled from 13 to 15 December 2023 at the Dubai World Trade Centre, Dubai, United Arab Emirates. The Show in the Middle East is dedicated to the Plastics, Petrochemicals, Packaging and Rubber Industry and will be attended by major industry players, according to organisers. Polyethylene – Maire-Technimont
Organisers believe that the UAE offers unmatched and unlimited opportunities for new businesses as well as the established ones to step up the ladder. Its strategic location in the Middle East, also provides exporters a smooth access to the EMEA region and ArabPlast is a perfect platform for manufacturers, recyclers, businessmen and traders alike.
ArabPlast, a biannual B2B trade show, brings together professionals and decision-makers from the most resilient industry. Organisers claim It offers a unique platform to present innovations and technology, establish new businesses, exchange know-how, and to interact for a productive enhancement that will increase business profitability and add value to the industry. The trade show has had a historic success story since its 1st Edition and continues to attract global players with India, Europe, Taiwan, and China being the largest contributors. ArabPlast – Fakuma – PP-plant Vietnam
For the regions of Europe and the West, ArabPlast is supported by their International Associate, Messe Duesseldorf, the organisers of the largest plastics trade fair in the world titled, K, while the Indian sub-continent is supported by The Plastics Export Promotion Council (PLEXCONCIL).
The present changing dynamics of the industry has set focus on circular economy for more efficiency and sustainable environment. The term waste economy is becoming past, as plastics have made its way into most industrial sectors viz. building & construction, food & beverages, aviation, automobiles, logistics, healthcare, sports, to name a few, due to its various properties, adaptability, and advantages. Polyethylene – Maire-Technimont
The global market is expected to expand at a CAGR as below:
Plastics: 3.4% – US$ 750.1 billion by 2028
Petrochemicals: 6.4% by 2028
Plastics Packaging: 4.8% – US$ 441.6 billion by 2030
Rubber: 5.3% by 2027
Synthetic Rubber: 4.9% by 2029
Plastics Recycling: 9.3% by 2026
The UAE oil and gas market is expected to register a CAGR of more than 2.0% during 2022 to 2027 while the plastics and packaging market is expected to grow at a CAGR of 5.0% during the period 2022 to 2027 and the plastics recycling market will grow at a healthy CAGR of 5.34%. Polyethylene – Maire-Technimont
The country is currently witnessing significant manufacturing developments in the plastics industry. ArabPlast – Fakuma – PP-plant Vietnam
-Decrease in sales of Italian textile machinery
The orders index for textile machinery for the first quarter of 2022, processed by ACIMIT, the Association of Italian Textile Machinery Manufacturers, shows a slight decrease (-4%) compared to the same period from January to March 2021. In absolute value, the index stood at 117 points (basis: 2015 = 100). ArabPlast – Fakuma – PP-plant Vietnam
On the domestic front orders shrank by fully 22%, whereas abroad the decline was more contained (-2%). The absolute value of the index in Italy was set at 136 points. On foreign markets, the index scored a value of 114.9 points. Polyethylene – Maire-Technimont
ACIMIT President Alessandro Zucchi commented that: “The global pandemic and Russian-Ukrainian conflict have accentuated the climate of uncertainty for the whole of the textile industry. Criticalities already present in the past year (such as a sharp rise in prices of raw materials and their scarce availability, as well as increased transport costs) are now accentuated more than ever. While orders appear to have settled on foreign markets, domestically, following a strong recovery in 2021, we now have to deal with a general negativity permeating the Italian economy.”
The ongoing conflict in Ukraine, together with successive pandemic lockdowns in the main market for textile machinery manufacturers, namely China, have undermined the confidence of Italian companies in the sector. “I believe 2022 will be a transition year for the industry, as we await a calming international economic scenario. In the meantime,” adds Zucchi, “our association continues to work to strengthen the positioning of Italy’s textile machinery industry worldwide through promotional initiatives in collaboration with Ministry of Foreign Affairs and International Cooperation and Italian Trade Agency.”The latest of these initiatives was carried out at the end of April, with the opening of an Italian technology training center for textile machinery in Mongolia, a Country that ranks among the world’s leading producers of raw cashmere. ACIMIT’s president concludes that, “With the training center starting its operations, our sector is laying the foundations for further business opportunities in an emerging market. ArabPlast – Fakuma – PP-plant Vietnam
I’m certain the initiative will bear a return in terms of image not only for individual Italian companies who are participating by supplying machinery, but on the entire Italian textile machinery sector as a whole.” Polyethylene – Maire-Technimont
Mauro Badanelli, ACIMIT Economics-Press,
Tel. +39024693611, Mail: email@example.com