22-05-2007
Borealis announces EUR 113 million Q1 net profit
• Borealis announces EUR 113 million net profit for the first quarter, a 13% increase over previous quarter
• Continued investments strengthen European asset base
• USD 3 billion in new Borouge 2 contracts to support growth in the Middle East and Asia
21-05-2007
GE SELECTS SABIC TO ACQUIRE
PLASTICS UNIT FOR $11.6 BILLION
May 21, 2007 New York, NY – GE (NYSE: GE) and Saudi Basic Industries Corporation (SABIC) today announced that they had reached agreement for SABIC to acquire GE Plastics for a purchase price of $11.6 billion. Announcement of the acquisition was made by Jeff Immelt, Chairman and CEO of GE and Mohamed Al-Mady, Vice Chairman and CEO of SABIC.
“As a global operating company, SABIC has a long-term, strategic interest in the people, communities, customers, products, plants and technology of GE Plastics,” said Mr. Al-Mady, in making the announcement. “This acquisition represents another important step in SABIC’s growth and diversification to become one of the world’s leading manufacturing companies.”
“This business is complementary to our existing business without any overlaps. SABIC’s intention is to grow the business globally”, he added. “SABIC is well-positioned to do this, while adding high-performance plastics to the product range SABIC currently offers to customers.”
21-05-2007
Borouge and Borealis’ Daplen achieves technological breakthrough in fully integrated fender
Borouge and Borealis, the leading providers of innovative, value creating plastics solutions in the Middle East, Africa, Asia-Pacific and Europe, have delivered the foundation for a technological breakthrough to the automotive industry with the development of Daplen™ EF341AE used in the world’s first fully integrated fender module. The material, a thermoplastic polyolefin (TPO) compound, has been specifically tailored to meet BMW’s exacting specifications for the new BMW X5 regarding improved production cost, safety, high quality aesthetics and environmental performance. The resulting TPO fender is the most complex and highly integrated, class A body application to be seen in production to date.
18-05-2007
Discover Distrupol’s world of colours at Go Plast
At Go Plast 2007 (Angers, 12 - 15 June, stand no. C15) Distrupol will launch its colour compounding service in the French market. Distrupol Colour is dedicated to supplying consistently high quality and tight colour tolerance engineering thermoplastic materials across Europe. The latest computerised matching equipment and a dedicated Colour Laboratory are utilized for quick and efficient colour development, with production quantities starting from as little as 25 kilograms.
18-05-2007
Cyclics anuncia un acuerdo de distribución con IMCD Deutschland GmbH & Co. KG (antes Interorgana)
Schwarzheide, Alemania - Cyclics Europe GmbH ha anunciado la celebración de un acuerdo europeo de distribución con IMCD Deutschland GmbH & Co. KG (antes Interorgana), que distribuirá productos de resina CBT® Cyclics que se utilizan como aditivos o como portadores para aplicaciones de compounding y masterbatch.
16-05-2007
CHEMTURA INCREASES AXION™ TIN CATALYST PRICES
Chemtura Corporation announces the following price increases for its Axion™ line of tin catalysts:
DBTO $2.40/kg (1.80 Euro/kg)
DOTO $2.30/kg (1.73 Euro/kg)
MBTO $2.50/kg (1.88 Euro/kg)
15-05-2007
GE Plastics expresa su reconocimiento a sus principales socios europeos proveedores de servicios logísticos en una Ceremonia anual de entrega de premios
BERGEN OP ZOOM, PAÍSES BAJOS — 15 de mayo de 2007 — Para destacar el papel esencial que desempeñan sus socios logísticos en la entrega de un excelente servicio al cliente durante 2006,
14-05-2007
Rhodia Polyamide opens its first Technical Centre in China
Dedicated facility provides close customer support for
Lyon, France - May 14th, 2007 - Rhodia has reinforced its commitment to the Asian markets with the recent opening of a technical centre in Shanghai, consolidating Rhodia’s global technical centre network. The new facility brings the complete spectrum of engineering support to customers across the broad range of industries served by Rhodia Polyamide's engineering plastics materials in China and the wider Asian region.
