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
Découvrez le monde de la couleur chez Distrupol à Go Plast
A l’occasion du salon Go Plast 2007 (Angers, du 12 au 15 juin, stand C15), Distrupol lancera son service de compoundage de coloration sur le marché français. Distrupol Colour est une structure spécialisée dans la fourniture de thermoplastiques techniques et respectant d’étroites tolérances de coloration à l’ensemble du marché européen. Elle utilise du matériel informatique de dernière génération pour le contretypage et un laboratoire de coloration dédié qui lui permet de développer rapidement et efficacement des colorations pour des volumes de production à partir de 25 kg seulement.
18-05-2007
Cyclics signe un contrat de distribution avec IMCD Deutschland GmbH & Co. KG (ex-Interorgana)
Schwarzheide, Allemagne – Cyclics Europe GmbH a annoncé ce jour la signature d’un contrat de distribution pour l’Europe avec la société IMCD Deutschland GmbH & Co. KG (anciennement Interorgana) qui sera chargée de la distribution des produits Cyclics CBT® utilisés comme additif ou comme matrice dans les applications de compoundage et de mélanges maîtres.
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 Acknowledges Key Partnerships with European Logistics Services Providers at Annual Awards Ceremony
BERGEN OP ZOOM, THE NETHERLANDS — May 15, 2007 — Highlighting the critical role of its logistics partners in delivering excellent customer service during 2006, GE Plastics honored five companies and two individuals at an awards ceremony and dinner here on April 12. The awards program, now in its fourth year, recognizes the quality, service, and on-time delivery exhibited by logistics services providers that enable GE Plastics to meet its commitment to customers.
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.
