Polymers Petrochemicals Thermoplastics rPET 11-05-2019

-Kenyan recyclers to provide baling innovation to boost proper waste management Polymers Petrochemicals Thermoplastics rPET 

Kenya PET Recycling Company Limited (PETCO Kenya), which is the parent organization of the recyclers of PET bottles and containers, has contracted local firms to produce balers to ease collection, packaging and transport of waste PET bottles.

Joyce Gachugi, PETCO’s country program manager, said the baling innovation will seek to boost efforts towards proper waste management by increasing capacity for PET collectors across the country. Polymers Petrochemicals Thermoplastics rPET 

Polymers Petrochemicals Thermoplastics rPET 

-AboitizPower bans PET bottles

Hedcor, a pioneering company in the renewable energy industry, continues to raise the bar on the sustainable production of electricity by adopting the “Break Up with Single-use Plastics” initiative.

AboitizPower’s hydro business unit, Hedcor, distributed tumblers to employees in line with its campaign to reduce and eventually eliminate the use of polyethylene terephthalate plastics within company premises. CONTRIBUTED PHOTO

Wilfredo Rodolfo 3rd of Aboitiz Power Corp.’s branding and communication said Hedcor was the first AboitizPower business unit to launch a campaign that prohibits the use of polyethylene terephthalate (PET) bottles.

“PET bottles are prohibited across all our offices and facilities nationwide, as well as during company activities. Instead, employees were given free tumblers to encourage them to support the said campaign,” he said.

Polymers Petrochemicals Thermoplastics rPET 

-Forbo to display Siegling Transilon belts at ITMA 2019

Forbo is set to display Siegling Transilon belts for nonwovens at ITMA 2019 expo. The leading textile and garment technology expo will be held from June 20-26, 2019, in Barcelona, Spain. Forbo, headquartered in Germany, is a leading producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions.Polymers Petrochemicals Thermoplastics rPET 

The technical requirements placed on web-laying belts are rising steadily in the face of ever faster machine speeds and the use of finer and more demanding synthetic nonwoven fibres and reduced web weights. A new belt type, E 4/2 U0/P2 MT-HC grey/black, has been developed especially for nonwovens, the main application being cross-lappers. Among the belt’s impressive attributes is its very low weight (0.8 kg/m 2), allowing high processing speeds on high-speed systems for cross-lappers.

Polymers Petrochemicals Thermoplastics rPET 

-Superba to show space dyeing machine for carpets at ITMA

Superba, a Vandewiele company, will display the new version of MCD/3 space dyeing machine for carpets at ITMA 2019, in Barcelona, from June 20-26, 2019, with other new developments in heat-setting, texturising, and winding technologies. Superba will be at stand D206, hall 6, and the Vandewiele Group’s main stand will be in hall 4, stand A206, at the expo.Polymers Petrochemicals Thermoplastics rPET 

The latest MCD/3 space dyeing machine is capable of handling a layer of 72 ends with an unequalled range of spot length – especially for the ultra-short spots of below 25mm, thus enabling one-pile/one-color process on the carpet, according to Superba.

Polymers Petrochemicals Thermoplastics rPET 

-DyStar unveils latest sustainable innovations at ITMA 2019

DyStar, a leading dyestuff and chemical manufacturer and solution provider, will present its latest product innovations at this year’s ITMA from 20-26 June 2019 in Barcelona, to help its visitors source for a sustainable future.

Amongst DyStar’s diverse portfolio of eco-friendly products, its existing Cadira modules have expanded its application to encompass a majority of materials, helping the entire textiles value chain save on water, energy, waste, greenhouse gas emissions and process time, the company reports.Polymers Petrochemicals Thermoplastics rPET 

Polymers Petrochemicals Thermoplastics rPET 

-Study finds Ethiopian textile workers are the world’s worst paid

Days after a damning report on low paid labourers,  the Swedish fashion giant H&M says it’s committed to ensuring that workers who produce some of its items from Ethiopian factories receive fair wages.

The released report titled -“Made in Ethiopia: Challenges in the Garment Industry’s New Frontier- revealed that Ethiopian labourers at garment workshops are the worst-paid in the world.Polymers Petrochemicals Thermoplastics rPET 

The report stated some of the world’s biggest fashion brands including H&M, Tommy Hilfiger, Calvin Klein, and others, source items from Ethiopia.

Polymers Petrochemicals Thermoplastics rPET 

-Oil Slide Slows As President Trump Suggests New Hope For China Trade Deal

Oil prices picked up later in afternoon trading on Thursday after US President Donald Trump suggested that the United States may not raise tariffs on Chinese goods after all, according to Reuters.

Trump announced on Thursday that he received a “beautiful” letter from China’s president that suggested that China and the United States “work together” to reach a deal over trade between the two nations.

The trade war that has continued to linger in uncertainty looked over the weekend like it would result in an increase in tariffs yet this week, pushing oil prices down as higher tariffs would likely eat away at Chinese demand for crude oil.

Polymers Petrochemicals Thermoplastics rPET 

-Veolia Indonesia Builds the Largest Bottle to Bottle Recycling Factory in the Country

Jakarta. France-based waste management company, Veolia Services Indonesia, is building the largest PET, or polyethylene terephthalate, bottle to bottle recycling and reprocessing factory located in Pasuruan district, East Java.

Last month the company held a “groundbreaking ceremony” for the factory attended by Representatives of Indonesia Investment Board, Representatives of Coordinating Ministry of Maritime Affairs, Ministry of Environment and Forestry, Ministry of Industry, Ministry of Marine and Fisheries, Pasuruan District officials, representative from industry associations, president director of Veolia Indonesia and president director of Tirta Investama (Danone-AQUA).

Polymers Petrochemicals Thermoplastics rPET 

-APR details five areas of focus for PET bottle designs

Association notes recycling-related drawbacks associated with certain packaging elements.

The Association of Plastic Recyclers (APR), Washington, has confirmed its Five for Focus area that highlights and addresses key components of polyethylene terephthalate (PET) container design that can affect recycling. Each of the design areas the APR has identified has the potential to negatively affect the quality and value of recycled PET or cause bottles to be pulled or misdirected from the PET recycling stream, the association says.

Polymers Petrochemicals Thermoplastics rPET 

-Huntsman to display textile chemicals & dyes at Techtextil

Huntsman is set to display its comprehensive range of dyes, inks, and durable water repellents at Techtextil 2019 expo, in hall 3, stand D48. The leading international trade fair for technical textiles and nonwovens will be held from May 14-17, 2019, in Frankfurt, Germany. Huntsman is a developer of chemical products for consumers and industrial customers.

Following the expansion of the long-term alliance between Huntsman and Chemours, an extended range of offerings around Phobotex and Zelan for sustainable, high performance and non-fluorinated durable water repellent finishes will be displayed at Techtextil, the company said in a media statement.

Polymers Petrochemicals Thermoplastics rPET 

-Nilit to showcase technical nylon 6.6 fibres at Techtextil

Nilit, a worldwide leader in premium nylon 6.6, will present its portfolio of Nilit fibres for technical applications at the upcoming Techtextil show in Frankfurt, Germany from May 14-17. Nilit technical fibres offer a range of proven performance attributes to enhance industrial and tactical fabrics, medical textiles, automotive upholstery, and outdoor fabrics.

Nilit technical premium nylon 6.6 fibres combine tenacity, abrasion resistance, and a variety of other benefits for uncompromising functionality in the demanding applications where it is needed most, said Nilit in a press release.

Polymers Petrochemicals Thermoplastics rPET 

-Aquafil S.p.A. Ratios & Valuation in Focus

Aquafil S.p.A. boasts a Price to Book ratio of 3.289297. This ratio is calculated by dividing the current share price by the book value per share.

Investors may use Price to Book to display how the market portrays the value of a stock.

Checking in on some other ratios, the company has a Price to Cash Flow ratio of 13.366691, and a current Price to Earnings ratio of 15.716976.

The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Investors may be diving into the latest company earnings reports trying to scope out some quality stocks to add to the portfolio.

Nobody knows for sure which way overall market momentum will sway as we near the close of the calendar year.

Investors may be getting ready to do a portfolio review to see which stocks are worthy to hold, and which ones have underperformed a may need to be unloaded.

Regularly monitoring stock investments may keep the investor ready for any big market changes that may occur.

Polymers Petrochemicals Thermoplastics rPET 

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