Mecalit to extend Polish production facility

(Plasteurope) -- German plastics processor Mecalit Kunststoffverarbeitung plans to invest EUR 1m in its production plant in the special economic zone in Lodz, Poland. Since founding Mecalit Polska in 2005, the manufacturer has spent about EUR 6.3m in the plant. The finished goods are earmarked for customers such as BSH Bosch und Siemens Hausgerate, which also operates a plant in Lodz.

Some 380 workers are employed at Mecalit's production sites in Lichtenau, Germany and in Lodz. Equipped with injection moulding machinery with a clamp force of between 150-13,000 kN, the company processes about 4,000 t/y of plastics, predominantly PE, PP, PS, ABS, PA, POM and blends.

MRC

SALAVAT (Salavatnefteorgsyntez) -- Salavatnefteorgsyntez annual general stockholders' meeting took place on June 30, 2010. Shareholders approved the annual report, the annual financial report, including profit and loss staments. ⌠Audit - Novye Tekhnologiy Ltd. was approved as Salavatnefteorgsyntez's auditor.

MRC

(plastemart) -- Hyundai Engineering and Construction Co has been awarded a US$930 mln order to build petrochemical facilities from the UAE's Abu Dhabi Polymer Company. Hyundai said the order was part of a US$2.6 bln project to build the world's largest petrochemical plant.

MRC

(plastemart) -- China Petroleum & Chemical Corp. (Sinopec) has embarked upon a program to expand an oil refinery in Wuhan city and resumes construction of an ethylene unit at the plant. Construction work on the 800,000 tpa ethylene plant was halted in 2008 because of the financial crisis. The ethylene unit is scheduled for completion in 2013.

MRC

Russian converters continue to increase the consumption of European PVC-E. Emulsion imports from Europe have gone up to the level of 7,5 kt since May, while in January this figure barely exceeded 4,5 kt. Russian linoleum producers actively increase the consumption. European emulsion started to replace Russian PVC even in smaller consumption sectors like vinyl wallpapers, artificial leather, toys etc.

The competitiveness of European emulsion in the Russian market was enforced by serious fall of Euro/Dollar exchange rate and, as a result, Euro/Ruble. Emulsion specificity causes quite a wide price range for the resin in Europe: EUR 940 - 1050/mt, FCA. Price offers in the spot market for Russian and European emulsion are on the average level RUB 57.000 - 58.500/mt, including VAT, FCA.

MRC

For more information about Russian PVC market please refer to MRC Price reports.