Mutares has completed its $450 million acquisition of SABIC’s engineering thermoplastics operations in the Americas and Europe. Renamed NexPoint Materials, the business brings eight production sites, around 2,800 employees and approximately $2.5 billion in annual revenue.
LyondellBasell’s second-quarter earnings improved as polyolefin margins and North American utilization rose, despite substantial European restructuring charges.
More than 300 packaging specialists from 66 countries gathered at SACMI in Imola to examine high-speed cap production, automated quality control, digital services and emerging materials for rigid packaging.
Iran’s PET capacity may cover domestic summer demand, but shipping disruption, energy costs and limited current production data leave supply risks unresolved.
Rising aluminum and PET resin prices, combined with supply chain bottlenecks, caused Coca-Cola to lose market share in India during Q2 despite soaring consumer demand.
Belgian PET production sits at the intersection of packaging security, industrial competitiveness and Europe’s circular-economy targets. Growing import pressure and unstable international supply routes are making regional manufacturing capacity increasingly important.
Ferrara’s city council has unanimously backed around 80 Coperion employees facing collective redundancy, calling for negotiations, alternative investors and a plan to preserve the site’s specialist jobs.
Radici Chimica plans to halt key production units at its Novara site after three years of losses, placing up to 140 of the plant’s 287 jobs at risk.
Kumho Petrochemical is shifting towards specialty materials, recycled plastics and research-led manufacturing as oversupply weakens the traditional petrochemical business model.
