Dow Europe: Price Increase for Polyethylene Resins

(dow) -- Dow Europe GmbH is announcing a price increase for polyethylene (PE) resins across the European, Middle Eastern and African regions.

Effective January 1, 2012, or as contract terms allow, Dow Europe GmbH increased prices for all grades of its low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE) resins by 120 Euros per metric ton.

MRC

(borealisgroup) -- Borealis, a leading provider of chemical and innovative plastics solutions, announced a price increase by EUR 100/tonne for all polyethylene and polypropylene types for January, 2012.

⌠This decision to increase prices reflects our assumptions on the economic development and it?s necessary for the implementation of our Value Creation through Innovation strategy, comments Gerd Lobbert, Borealis Executive Vice President Polyolefins.

MRC

(lyondellbasell) -- LyondellBasell has announced that it would shut down two polypropylene (PP) lines in Wesseling, Germany, by mid-2012. The lines, with a combined capacity of 90 KT per year, are among the company's smallest and oldest PP production units.

⌠We continue to focus on reducing costs to maintain our competitive position in Europe, said Bob Patel, Senior Vice President, Olefins & Polyolefins, Europe, Asia and International. ⌠We have sufficient capacity to meet the needs of our customers in Europe from our larger scale facilities.

LyondellBasell produces PP at eight sites in Europe including facilities in Germany, France, Italy, Spain and the United Kingdom.


LyondellBasell is one of the world's largest plastics, chemical and refining companies. The company manufactures products at 58 sites in 18 countries. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels.

MRC

(indorama) -- With effect from Jan 1, 2012, Thai polyethylene terephthalate (PET) producer Indorama Ventures (IVL), has merged two of its subsidiaries in Poland into a single entity, Indorama Ventures Poland.

Two Poland-based companies have been recently amalgamated by their parent company Indorama. The Thailand-headquartered firm is employed in polyethylene terephthalate (PET) business.

Now the firms operate under the title of Indorama Ventures Poland. The company operates a PET manufacturing unit in Wloclawek.

The facility produces 0.14 million tonnes per year. Its capacity is planned to be expanded 0.22 million tonnes per annum by the following year.

MRC

(chemmonitor) -- Huayu Rubber Co., Ltd (China) shut down a 80,000 ton/year butadiene rubber facility at Heze, Shandong province for Jan 2012 due to high feedstock costs. Butadiene costs went too high and the company could not afford it.

Meanwhile, Huayu Rubber runs its 80,000 tonne/year butadiene rubber facility at the same site which is operating at its ultimate capacity.

Being the key butadiene rubber manufacturer in Shandong province, Huayu Rubber's plant closure should soothe the current excess supply picture in the domestic market.

MRC