Plastics Color expands, strengthens liquid color presence

(PlasticsToday) -- Color concentrates, compounds and additive masterbatches supplier PCC (Plastics Color Corp.) announced its acquisition of Polysource LLC and its Pinnacle Color subsidiary, a color and additives manufacturer and distributor located in Tempe, Arizona. The purchase expands PCC's distribution footprint in North America, including Mexico, and provides it with supply of liquid color concentrates made in North America.

PCC is based in Calumet City, IL and has significant production assets in the U.S., but its liquid color concentrates are manufactured and distributed through its Nanjing, China facility. "The purchase of Polysource gives PCC an established position in the North American liquid color market as well as a new distribution channel for both existing and new products," stated Plastics Color's president Doug Borgsdorf.


MRC

(PlasticsToday) -- Flexible plastics packaging powerhouse Bemis Company Inc. acquired Mayor Packaging, a privately-owned converter of consumer and specialty flexible packaging. Mayor is based in Hong Kong but in 2008 it shifted its film conversion processing to a new purpose-built facility in Dongguan, China. Financial terms of the transaction were not disclosed. The most recent sales results reported at Mayor's website are for 2008 when the processor's revenue exceeded USD 40 mln.

MRC

(Plastemart) -- Honeywell's company UOP LLC has been selected by Zhejiang Julong Petrochemical Co. Ltd to supply core technology for a new unit to manufacture propylene at its facility in Pinghu City, Zhejiang Province, China. Honeywell's UOP will provide engineering design, technology licensing, catalysts, adsorbents, equipment, staff training and technical service for the project. The unit is expected to start up by 2013 and to produce 450 KTa of propylene.

China's propylene consumption accounts for more than 15% of worldwide demand and is growing at about 5-6% pa. The new propane dehydrogenation unit at the facility will use UOP's C3 Oleflex technology to convert propane to propylene, a material used in the production of chemicals and materials such as films and packaging.

MRC

MOSCOW (MRC) -- Imports of suspended PVC (PVC-S) to Russia remains still high and exceeds demand. In July, the total import made around 50 KT, according to MRC analysts. This year the peak of PVC-S imports was in May, when the total import exceeded 55.4 KT.

June and July demonstrated a slight decline in imports on the back of prices hike for American PVC and delay in resin supply from China. However, import figures are still far exceed the demand.

US suppliers still prevail in the market: imports of American resin made more than 20KT. Then go the producers of acetylene resins from China.

Karpatneftechem (Lukoil group) keeps enhancing its position in PVC-S market in Russia. Over July, about 2 KT of its resin were delivered to the Russian market, with the first volume appearing in the Southern region of Russia.

Despite the excess of resin in the Russian market, local companies don't want to decrease purchases of PVC from foreign markets. Besides, Russian companies have not received yet a considerable amount of resin, contracted yet in May - June in China and the U.S. In August a significant reduction of PVC-S imports to the Russian market is not expected.

MRC

(PRNewswire) -- LyondellBasell today announced that its Supervisory Board has authorized the company's Management Board to declare a dividend of USD 0.20 per share, double the amount of the company's initial dividend paid in May 2011. The dividend of USD 0.20 per share will be paid on Sept. 7, 2011 to shareholders of record as of Aug. 17, 2011, subject to the adoption of a resolution by the Management Board, which is expected to occur on August 17.

LyondellBasell is one of the world's largest plastics, chemical and refining companies. The company manufactures products at 58 sites in 18 countries. LyondellBasell products and technologies include packaging, electronics, automotive parts, home furnishings, construction materials and biofuels.

MRC