Styrolution inks trademark license agreement with Plastic World

(styrolution) -- Styrolution, the world's leading producer of styrenics, announced the signing of a trademark license agreement with Plastic World (China) Ltd (PW) on July 13th, 2012, for the production of acrylonitrile styrene acrylate (ASA), acrylonitrile butadiene styrene (ABS) and high-heat acrylonitrile butadiene styrene (HH ABS) for the Chinese market at PW's Shenzhen plant.

Styrolution has had a presence in China for many years, where PW has been our partner for color compounding of Styrolution?s styrenic polymers, ABS and high-impact polystyrene (HIPS), for the Chinese market since 2002. Under this new agreement, PW's Shenzhen plant will commence production of ASA, ABS and HH ABS according to the specifications and conditions set out by Styrolution. The additional capacity of 4,500mt per year at PW?s Shenzhen plant will complement Styrolution?s existing production capacity in the region at Ulsan, South Korea and Map Ta Phut, Thailand.
Styrolution is the leading global styrenics supplier with a focus on styrene monomer, polystyrene, styrenic specialties, and ABS. As a joint venture of BASF and INEOS, Styrolution combines the key styrenic assets of two of the largest chemical companies in the world, with world-class production facilities, complementary competencies and portfolios, and more than 70 years of experience.

Plastic World (China) Ltd (PW), a core member of Choei Group, has started the plastic business since 1989. For over 2 decades of growth, PW becomes one of the renowned plastic processing plants in Southern China. The business of PW covers from plastic pre-coloring, compounding to functional masterbatch, PVC compounding, and eco-plastic materials.
MRC

(plasteurope) -- Polymer pipework specialist Rehau (Germany) has officially opened the first UK facility to produce pre-insulated pipework for district heating and biomass applications at its factory in Blaenau, Gwynedd / North Wales.
Sales of the "Rauvitherm" pipework have more than doubled in the UK over the last 12 months, driven by the buoyant biomass and district heating markets, and, more recently, by the impact of the UK’s Renewable Heat Incentive programme. Rehau expects sales to increase further and has established the new production facility as part of a reported GBP 3m (EUR 3.8m) investment programme.

Rauvitherm pre-insulated, crosslinked PE (PEX) pipework (see MRC news ) combines the key advantages of high flexibility with high thermal insulating properties. The open cell insulation is provided by layers of PEX foam encased in an HDPE outer jacket, which is longitudinally watertight. The bonded outer layer of insulation prevents water ingress, even if the outer jacket is punctured. The pipework, containing one or two pipes, can be produced in lengths up to 350 metres and, during installation, uses Rehau’s proven “Everloc” compression sleeve jointing system to provide a permanent, leak-free joint.

Rehau employs close to 200 staff at its Blaenau site, better known for its production of rigid PVC window systems. It also has a second factory in Wales, at Amlwch in Anglesey.
MRC

(chemmonitor) -- Braskem reported record high ethylene production (306,000 tons) and polypropylene (151 000 tonnes). Sales of thermoplastic resins in the first quarter totaled 846,000 tons, up 9% compared to Q4 2011, with consequent expansion of 3pp in its market share, which comprised 68%. Gradual market recovery during the quarter was not enough to prevent the margin fall below the edge of Q4 2011.

New PVC plant that will add 200,000 tons to the current capacity is already in the commissioning phase. Fast advancement in the construction project of butadiene plant allowed operations to start in July 2012. Project Ethylene XXI, Mexico (40% done), is to be launched in 2015. As per MRC, Braskem S.A. also purchased holdings at the plant, which is located in Pennsylvania. The facility belongs to the Philadelphia-based (USA) company Sunoco Inc.

In April 2012, Braskem raised USD 500 million by issuing bonds maturing in April 2022, yield of 5.40% per year, lower yield already paid by the Company in a debt issue.
MRC

(TextileWorld) -- Austria-based woven plastic packaging production and plastic recycling machinery manufacturer Starlinger & Co. GmbH has opened a Central Asia representative office in Tashkent, Uzbekistan, to offer sales and after-sales service in Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan.

Starlinger anticipates strong growth potential for its business in the Central Asian region, which has experienced strong economic growth over the past several years. The company already has sold machinery to companies in Uzbekistan and Turkmenistan for production of AD STAR sacks, and in Uzbekistan for bottle-to-bottle polyethylene terephthalate recycling.

Starlinger leads the world market in the field of machinery and process technology for woven plastic sack production.
Starlinger recycling technology offers a spectrum of innovative machinery solutions for the efficient recycling of a variety of plastics, such as PE, PP, PA, PS, PET, and many more.

Starlinger’s Recycling Division, founded in 2000, is the company’s youngest field of endeavour. Yet thanks to entirely new recycling technologies and proven machine concepts, Starlinger’s product line recoSTAR quickly asserted its place in the market and has become a global player in the field of plastics recycling.
MRC

(Plastemart) -- South Korea’s HC Petrochem is expected to complete the construction of a new 800,000 tonne/year paraxylene (PX) unit at Daesan in South Korea by the end of this year.

HC Petrochem manufactures and markets paraxylene. The company was founded in 2009 and is based in Seosan Si, South Korea. HC Petrochem is a joint venture between Cosmo Oil and Hyundai Oilbank.
MRC