Indorama Ventures to enter China

(TaiPR.net) -- Indorama Ventures signed a definitive agreement to acquire the assets of Guangdong Shinda UHMWPE Co., Ltd having manufacturing in Kaiping City, Guangdong Province of China. The plant has an installed capacity of 406,000 tons per annum to produce PET polymers and Polyester polymers for fibers and yarns and industrial applications.


Indorama Ventures is currently the world's second largest producer of PET. The Company's products are used in a wide range of segments. The PET and Fiber business of Indorama Ventures is suitably integrated with about 1.8 million tons of PTA manufacturing in Europe and in Asia.


⌠China is a fast growing country for PET and will soon become the worlds largest consumer and this acquisition will allow us to build upon our expanding global platform, making the company the largest vertically integrated PET producer in the world, said, Aloke Lohia, group chief executive officer of Indorama Ventures.


The transaction is expected to be finalized sometime in the first quarter of 2011, pending required regulatory approvals as well as certain conditions precedent by the vendor.


MRC


Alliance Polymers introduces special new overmolding TP

(Plasticsnet) -- Alliance Polymers & Services (APS) has introduced the newest line of Maxelast brand polypropylene overmold or stand-alone TPEs (thermoplastic elastomers). The TPE currently is in use on Toyota automobile seat belt housings and in several other automotive applications.


New Maxelast P3885H thermoplastic elastomer stands out as having excellent tear strength, very good UV stability, and excellent abrasion resistance. It can be used as a stand-alone TPE or overmolded onto polypropylene to achieve excellent results.


Alliance Polymers and Services, LLC is North America's only all-inclusive TPE supplier, offering consulting services and product solutions with BASF Elastollan TPUs and Polymax Maxelast TPEs. They are a full-service warehousing, distribution, shipping and technical service organization dedicated to helping elastomer products firms and processors with all their product and technical support needs.


MRC


Braskem announced its results in 3Q10

(Yahoo News) -- BRASKEM S.A. announced its results for 3Q10. Among them: Braskem's thermoplastic resin sales of 934 KT in the domestic market, up 17% from 2Q10. Also start up of the Green Ethylene plant at the Triunfo petrochemical complex, which has annual production capacity of 200 KT, led Braskem to become the global leader in biopolymers.


In 3Q Braskem entered into an agreement with Laboratorio Nacional de Biociencias located in Campinas to develop technologies for the production of polymers from renewable raw materials that are competitive, cost-effective and efficiently sequester carbon dioxide from the atmosphere.

Also seeking to increase its proximity to clients and better understand their needs, Braskem expanded its global presence by inaugurating a commercial office in Colombia and preparing to open new commercial offices in Singapore and Peru.


And for the second time, Braskem received the Guia Exame Sustainability award by figuring among the 20 most sustainable companies in Brazil. The awards ceremony was held on November 10.


MRC


Calhoun County prepares for change at Eastman plant

(The T and D.com) -- Calhoun County Council prepared for the purchase of Eastman Chemical Company's polyethylene terephthalate business Monday by agreeing to the transfer of some property. County Administrator Lee Prickett said the move allows Eastman to sell its polyethylene terephthalate, or PET, business to DAK Americas LLC, based in Charlotte, N.C.


Eastman manufactures chemicals, fibers and plastics materials for every day use. Compnay's sales revenue for third quarter 2010 was $1.7 billion, a 29 percent increase compared with third quarter 2009 primarily due to higher sales volume and higher selling prices. The higher sales volume was attributed primarily to improved end-use demand in packaging, durable goods, and other markets and the positive impact of growth initiatives.


MRC


SABIC IP to expand Geloy PC/ASA portfolio

(China Plastic and Rubber Journal) -- Global engineering plastics supplier SABIC Innovative Plastics (SABIC IP) is expanding the portfolio of Geloy polycarbonate/acrylonitrile-styrene-acrylate (PC/ASA) resin blends that open new opportunities for key market sectors.


The blends allow customers to achieve key system cost improvements and sustainability goals via thin-wall molding, replacement of secondary painting with molded-in color, replacement of halogenated materials such as polyvinyl chloride (PVC), and extended product life.


Building on outstanding weatherability performance vs resins such as PC, acrylonitrile-butadiene-styrene (ABS) and PC/ABS blends - including up to five times better color stability after two years of ultraviolet (UV) exposure as well as significant mechanical property retention - Geloy blends add other targeted properties and advantages.


MRC