Petainer invests in PET production at its swedish plant

(plasticsinfomart) -- Plastic packaging manufacturer Petainer has agreed to a multimillion Euro investment package over the coming 12 months to strengthen its PET container manufacturing plant in Lidkoping, Sweden.

This initiative includes an initial order for a Husky HPP injection machine, which will be followed by additional investments focused on growth and supporting the current customer base.

Petainer, headquartered in the Czech Republic, has manufacturing plants in Sweden, the Czech Republic and Germany. The company also features an R&D center in Sweden and sales offices in Germany and the UK. Earlier this year, Petainer announced that the company had created the “greenest ever” refillable bottle.

This refillable PET bottle is manufactured with more than 25% post-consumer recycled PET plastic. The company claims it has the same performance characteristics as a refillable bottle made entirely from virgin material.
MRC

(plasticsinfomart) -- Indian automotive manufacturer Mahindra & Mahindra (M&M), in collaboration supplier Plastic Omnium, has developed the country’s first injection molded plastic fenders, which are featured on the new XUV500 sports utility vehicle (SUV).

The new car features online paintable Noryl GTX thermoplastic resin from SABIC’s Innovative Plastics, a substitute of steel in the fender. The chemicals supplier says it helps to improve the SUV’s fuel economy, reduce emissions, expand design freedom, and enhance resistance against minor impact.

According to SABIC, the plastic fender on XUV500 is 27% lighter than its steel-made predecessor, reducing the weight by 0.9kg. In day-to-day vehicle operation, Noryl GTX resin’s enhanced resilience compared to steel allows the XUV500?s fender to flex and absorb energy to regain its original shape, reducing repair costs.

The design flexibility provided by Noryl GTX resin also eliminated the multiple steps, tools and operations that are required to manufacture steel fenders.
MRC

(polyestertime) -- Coca Cola and Eco Plastic are joining the hands together to make the plastic bottles reusable and eco-friendly.

Based on a joint venture between Eco Plastics and Coca Cola, the both companies will process the used drink bottles to make new plastic bottles in Hems well, North of Lincoln. Caron footprints will be reduced by continuum recycling venture from every bottle that would be processed, as compared to those bottles which have been produced first
time.

Based on a contract of ten years between Eco Plastics and Coca Cola, this can prove to be a journey towards delivering minimum to nil waste to landfill games. This gives customers a chance to contribute their share in saving the environment and promoting eco-friendly products by using recycled bottles.
MRC

(Reuters) -- Belgian chemicals and plastics group Tessenderlo said on Wednesday it would sell its European PVC profiles business Profialis to a private investment company in order to exit a struggling construction market.

Tessenderlo said the divestment was part of its strategy to focus on specialty chemicals in the food, agriculture, water management sector as well as the recycling of organic waste.

Revenues at Tessenderlo's plastic pipes and profiles business, of which the unit being sold to Los Angeles-headquartered OpenGate Capital is a part, fell by 10 percent in the quarter compared to the same period last year.

Tessenderlo said Profialis had two production facilities in France and Belgium as well as distribution centres in Hungary and Poland. It did not disclose the sale price.

Tessenderlo said it remained cautious for the rest of 2012 and expected that demand for its products should be slightly below year-ago levels in the second half.

Tessenderlo also said it had sold its organic chlorine activities in China in August.
MRC

(nasdaq) -- LyondellBasell Industries will replace Sears Holdings Corp. in the S&P 500 index after the market close on Sept. 4, S&P Dow Jones Indices LLC said.

The change comes as Sears has been struggling for years and last year rolled out plans to sell a handful of stores and close more than 100 others in hopes of turning around a long stretch of falling same-store sales. S&P Dow Jones Indices, a McGraw-Hill Cos. (MHP) business, said the retailer was no longer considered representative of the index. The company's shares were down 3.1% after hours at USD55.68.

Meanwhile, LyondellBasell, which makes chemicals and polymers, has seen generally improving results after emerging from Chapter 11 bankruptcy in 2010. The company, like others in the chemicals industry, has benefited from cheap U.S. natural-gas prices. Its shares were up 4% after hours at USD49.20.
MRC