Coca Cola invests 6.5 Mln Euro in France recycling JV

(plasticsinfomart) -- The world’s most valuable brand Coca-Cola Enterprises will invest EUR6.5 million in its joint venture with PET recycler APPE to expand a recycling facility in Beaune, France. According to Coca-Cola, the investment will boost the capacity of the plastics reprocessing facility by 70% and enable it to recycle 20,000 additional tonnes of plastic into food-grade packaging per year.

The investment will introduce "state-of-the-art technology, enabling more efficient recycling". Coca-Cola will also fund a research project to examine how consumer behaviour change strategies can improve at-home recycling rates in Great Britain and France, which both lag behind many European countries. "Our goal to lead our industry in sustainable packaging and recycling means we must support and promote improvements throughout our value chain," said John F Brock, the Chairman and Chief executive of Coca-Cola Enterprises.

"These initiatives aim to address two of our biggest challenges in this area – improving recycling rates by influencing consumer behavior at home and meeting the increasing demand for recycled PET through investments in strategic infrastructure projects," he added.
MRC

(bloomberg) -- Advanced Petrochemicals Co. (APPC) dropped to the lowest level in almost two months after the Saudi manufacturer of polypropylene products said third-quarter estimated profit retreated 26 % on lower prices.

The shares fell as much as 1.2 % to 25.2 riyals before closing at 25.4 riyals, the lowest level since Aug. 11. The kingdom’s benchmark Tadawul All Share Index slipped 0.4 %, the most since Sept. 29, to 6,863.30.

"As polypropylene prices, on average, continue to remain soft in 2012, we are revising downwards our 2012 and 2013 net income estimates to 321 million riyals (USD86 million) and 494 million riyals respectively," Riyad Capital analysts including Muhammad Faisal Potrik said in an e-mailed note today. Potrik cut the share-price estimate 3.1 % to 31 riyals.

Advanced Petrochemicals’ net income for the three months ended Sept. 30 declined to 100 million riyals from 136 million riyals in the year-earlier period, the company said yesterday. Full-year profit may drop 41 % to 304 million riyals this year.

Advanced Petrochemical Company (ADVANCED), a Saudi joint stock venture, commercial production was started in the first quarter of 2008. The facility produces 450 thousands tones per year of polypropylene. PP enjoys high international demand as it can be processed by virtually all thermoplastic-processing methods.


MRC

(gv) -- Bangladesh could emerge as a major player in the global plastic market if it manages to increase its turnover to USD2 billion by 2015 and USD4 billion by 2020, according to a United Nations case study.

Thus, the government will reallocate plastic factories of Old Dhaka, where around 1,200 unplanned plastic facilities are situated, to a new industrial zone asap, industries minister Dilip Barua said 1 Oct. 2012. The move comes after the Economic and Social Commission for Asia and the Pacific of the United Nations has recently asked the government to set up a separate economic zone for the plastic industry.

"A special industrial zone will be built to bring more discipline to the sector and to generate more exports," Barua said, "The government is ready to give any kind of policy support to the sector as it has enormous potential."

Plastic products represent a sizeable sub-sector in the chemical industry, with a market size of around USD1 billion, USD714 million of which is thanks to the domestic market. The growth rate for the last 20 years has averaged at more than 20 percent, said Jasim, also a first vice-president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
MRC

(Businessnews Americas) -- The Brazilian economy is showing signs of recovery in the second half of the year, thus, Brazil's chemicals production rose by 7.12% year-on-year in August, following a 6.23% rise in July after a second quarter that was marked by declines in production, chemical industry association Abiquim said.

The economical recovery followed a series of economic stimulus measures from the government and central bank and was partly due to seasonal reasons. Abiquim said the industry was now increasing production at a similar rate to the beginning of the year. Abiquim said the third quarter was on course for record results.

In the first eight months of the year, production was 5.13% higher and domestic sales were 7.82% higher than in the same period in 2011. Capacity utilization rose by three percentage points in the first eight months, to 82%.

However, Abiquim said that it was still concerned by the potential impact of global economic problems, especially in Europe, China, Japan and the US, on the chemical industry in Brazil. It said excess chemical stocks from these markets could arrive in Brazil at unreasonably low prices.
MRC

MOSCOW (MRC) -- Buying activity in the Asian market PVC is low. Many market participants expect the prices for November delivery to be reduced, as per MRC analysts.

Buying activity in the Asian market of PVC last week was very low mostly because of the national holidays in China. In the other Asian regions many market participants stop buying PVC because the prices are likely to be cut in the near future.

This week the key producers in the region are to voice their PVC prices for delivery in November. Many market participants believe that they will be lower than in October. Small deals were concluded at USD970/tonne, CFR, but it's hard to tell how seriously they affect the November prices.

The pessimistic sentiments prevail in the China's domestic market. The domestic prices of acetylene and ethylene PVC were in the ranged of Yuan6,600-6,700/tonne and Yuan6,850-7,250/tonne, FD, but the prices are expected to be changed this week.

The demand for PVC in Southeastern Asia is also low. Local company hopes to achieve the prices for November below USD1,000/tonne, CFR. The converters reported a decrease in demand for finished products made of PVC in the export markets and reduce their consumption.

MRC