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Altium Packaging buys blow molder SFB Plastics

November 30/2020

MOSCOW (MRC) -- U.S.-based blow molder Altium Packaging LP has acquired the assets of SFB Plastics Inc., in Wichita, Kansas, a privately-held material handling and packaging manufacturer, specializing in HDPE blow molding of industrial containers, said Canplastics.

Atlanta-based Altium is a unit of publicly traded Loews Corp. The financial terms of the deal have not been disclosed.

Founded in 1970 as a provider of thermoformed plastic freezer spacers, SFB Plastics company expanded into rigid packaging in 1976 and has specialized in HDPE blow molding of industrial containers for over 40 years.

As per MRC, chemical railcar traffic in North America continued to strengthen during the week ended 21 November. Weekly volume totaled 44,843 carloads, up 5.8% year-over-year (YOY) and up 0.6% sequentially, according to data released on 25 November by the Association of American Railroads (AAR). On a four-week basis, volume was up 2.4% from 2019 and down 0.8% from 2018 (chart). By contrast, volume during the four weeks ending 14 November was up just 1.3% from 2019 and down 4.3% from 2018.

As MRC informed earlier, Russia's output of chemical products rose in September 2020 by 6.7% year on year. At the same time, production of basic chemicals increased by 6.1% year on year in the first nine months of 2020, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-September output. Last month's production of primary polymers decreased to 852,000 tonnes from 888,000 tonnes in August due to shutdowns in Tomsk, Ufa and Kazan. Overall output of polymers in primary form totalled 7,480,000 tonnes over the stated period, up by 16.4%  year on year.

Altium operates 65 packaging manufacturing facilities in the U.S. and Canada, two recycled resin manufacturing facilities, and has approximately 3,300 employees. The company specializes in customized mid- and short-run packaging solutions for the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segments.


mrcplast.com
Author:Anna Larionova
Tags:injection moulding, petrochemistry, neftegaz, petrochemistry.
Category:General News
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