Dhunseri Petrochem to become the largest PET maker in India

(Dhunseri) -- With the launch of the second PET plant in Haldia, Inida, Dhunseri Petrochem and Tea Ltd (DPTL) becomes the largest PET producer in India. DPTL successfully commissioned the new plant with the capacity of 2,10,000 tpa in the first half of October, the inauguration ceremony took place on 9 October. It is the second unit of the company at Haldia. Thus, with this expansion, the total company's production volume of PET will grow to 4,10,000 tpa .

Half of the total PET output of the new facility is aimed to meet domestic requirements while the rest of the production will be exported to the foreign markets. The estimated earnings from export are Rs 2000 Crores.

DPTL’s petrochemical division produces the finest bottle-grade PET resin for packaging of drinking water, carbonated soft drinks, edible oil and pharmaceuticals and many more. The petrochem division is one of the largest producers of PET (polyethylene terephthalate) resin in India.
MRC

MOSCOW (MRC) -- In September, Russian producers decreased production of PVC by 19%, from August to 32,930 tonnes. This is the minimum production volume over the past two years, as per MRC ScanPlast.

Last month, Russian producers because of scheduled and unplanned shutdowns have reduced production of unmixed PVC (suspension and emulsion) to two years’ minimum. In September, the total volume of production of polyvinyl chloride amounted to 32,930 tonnes, down 19%, from August.
From late August to mid-September the largest producer of PVC in Russia - SayanskKhimPlast had stopped its capacities on the planned turnaround. In September, company produced about 11,000 tonnes. Kaustik (Sterlitamak) due to technical problems on the pipeline and the limited supply of ethylene was forced to stop production twice and cut capacity utilization. In September, the company produced about 9,500 tonnes of PVC.

The other PVC producers kept their capacity utilization at the August level. The total volume of PVC in Russia amounted to about 31,000 tonnes, from 40,700 tonnes in August.

Khimprom (Volgograd) in September kept the capacity utilization at the August level. Over the month, the company produced about 1,972 tonnes of emulsion PVC, from 2,040 tonnes in August.

Over the nine months of this year, the total output of unmixed PVC in Russia amounted to about 443,700 tonnes, up 8% year on year. The producers of suspension provided the growth in production (SayanskKhimPlast by 5%, Kaustik (Sterlitamak) by 22%), whereas the production of emulsion decreased by 3% to 16,060 tonnes.


MRC

MOSCOW (MRC) -- After the negotiations on the supply of polystyrene (PS) for October, the participants agreed to increase the price by EUR25-30/tonne, as per MRC analysts.

The negotiations on European PS for October were tense, after the producers’ announcements of the price increase by EUR50/tonne.

Makers explain this increase by the need to recover the margins, being cut over the last two months. At the same time, producers of polystyrene believe that the claimed level is reasonable.

However, the market participants are going to work out a compromise. To the date, the producers’ offers of PS for October exceed the September price level only by EUR25-30/tonne, with minor variations. One producer said on Friday that he agreed with the buyers PS price for October up by EUR32-33/tonne, from September.

Other suppliers also confirmed the deals up by EUR20-30/tonne, from the previous month. Producers still aim to push the price increase by EUR50/tonne to those buyers that have not made contracts for the supply yet.

MRC

(packagingnews) -- In a statement, Amcor said the sites were acquired as part of the Aperio acquisition and focused on non-core industrial and agricultural markets.

Integrated Packaging is a privately-owned Australian business. It is a specialist manufacturer and distributor of stretch film wrap and associated products.

The sale price was based on the same earnings before interest, tax (EBITDA) multiple that Amcor paid for Aperio.

"Synergies from the Aperio acquisition are not impacted by the sale and remain at USD25 million by year three," Amcor said in a statement.

The sale is subject to Australian Competition and Consumer Commission approval.

It comes after the release of Amcor’s annual report that showed chief executive Ken MacKenzie obtained a USD1m pay rise and took home USD7.5m last financial year.

Amcor Limited is an Australian-based multinational packaging company. It operates manufacturing plants in 42 countries. It is the world's largest manufacturer of plastic bottles.
MRC

(pressreleasefinder) -- Azelis announces their appointment as distributor by leading producer Momentive, to service the Coatings sector in Russia. From October 1st 2012, Azelis offers Momentive's high quality range of water based dispersions for paints, under the well known brand name AXILAT.

Benoit Fritz, Business Director Industrial, states that both companies have enjoyed a successful relationship for many years with these products and that this is a major step forward for the Azelis Coatings business in Russia.

Michel Dumusois, International Business Director Coatings, adds: "Coupled with Momentive’s support, Azelis will leverage our existing knowledge of these products to facilitate our local teams to effectively penetrate the attractive growth market for Momentive products in Russia."

As MRC informed earlier, On October 1st, Azelis announced the sale of its international Composites business to VELOX GmbH who has acquired this business in its entirety. As a result, VELOX will take over and manage the Composites business and its employees, effective October 1st, 2012.

Azelis Chemicals is a leading European distributor of speciality and commodity chemicals, with a comprehensive portfolio of innovative products for high-tech solutions. The company source high quality products from leading global manufacturers, supporting customers in diverse markets including chemical producers and pharmaceuticals, I&I/household and cleaning, lubricants/metal working fluids, paper, agrochemicals, textile and leather, water treatment, building, wood preservation, agriculture & horticulture, electronics and salts.

Momentive was formed in October 2010 through the combination of the parent holding companies of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals Inc.). Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products.
MRC