Erema shows best fiscal year ever

(plastech) -- Erema continues with the positive development of recent years. The Austrian manufacturer of recycling best fiscal year of all time.

This result represents an increase of 40 per cent compared to the previous year and is also around 25 per cent up on the former record year 2007/08 prior to the economic crisis. Erema produced 200 recycling systems and 100 individual components (such as screen changers and pelletisers, for example) for customers around the globe in the fiscal year which has just ended.

Erema Engineering Recycling Maschinen und Anlagen Ges.m.b.H. located in Ansfelden near Linz offers plastic recycling systems for both the in-house recycling of production waste and strongly contaminated post-consumer waste.
Together with its subsidiaries Erema North America Inc. in Ipswich, MA and 3S GmbH in Roitham near Gmunden the company has been committed to a consistent and sustainable growth strategy for many years, which can be seen in the consolidated group turnover for 2011/12 at approx. EUR127 million.

MRC

(news.szenergy) -- China's polyester markets, which started to show signs of a recovery last week, made a downturn once again after a three-day holiday as polyester fiber inventory levels remained high, market sources said Thursday.

As a result, the sentiment in the purified terephthalic acid and monoethylene glycol markets weakened as demand for the two key polyester feedstocks fell again.

China's polyester chain markets started to recover last week, driven by rising textile sales. According to market sources, textile sales in China hit over 6 million meter earlier last week, the highest level since the Lunar New Year holidays.

The sales/production ratio in the polyester markets also rose last week; and market sources said the ratio was at 150-200% compared with below 100% a few weeks ago.

But the sales/production ratio started to retreat from the weekend and was pegged at 50-60% this week.
MRC

(chemmonitor) -- European consumers of polyvinyl chloride (PVC) cited extreme deficiency of the product in the domestic market early in the previous month. This affected the price level. As a result, PVC values showed an upsurge.

For instance, contract prices moved up by USD 18 per tonne or 1.25 percent week on week on March 1. The product traded on a FD NWE Spot basis was evaluated EUR 5 per tonne or 6 percent higher on the same day if compared to February 29.
MRC

(chemmonitor) -- Europe acrylonitrile butadiene styrene (ABS) players witnessed complicated market dynamics through the preceding month in the region.

The spot market remained relatively quiet through the whole month with few activity glimpses. Besides, a series of price drops took place starting from the first decade of March.

For instance, ABS traded on CFR NWE basis registered considerable reduction by USD 105 per tonne or 4.4 percent week on week on March 14.

MRC