Icis
en
MOSCOW (MRC) -- The Board of Directors of PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, has declared a quarterly cash dividend of USD0.08 per share on the common stock outstanding, according to the company's press release.
Dividend is to be paid on April 4, 2014, to stockholders of record on March 14, 2014.
As MRC wrote previously, PolyOne Corporation has recently announced the addition of new capabilities to its OnColor HC Plus portfolio. These expanded offerings add medical-grade LDPE, nylon, PEBA, PS and PVC to the globally available palette of specialty healthcare colorants, and are pre-certified to meet or exceed biocompatibility requirements for ISO 10993 and/or USP Class VI protocols.
All OnColor HC Plus colorants include formulation lock-down provisions, and are suitable for specialized pharmaceutical goods and medical devices.
PolyOne Corporation is a global provider of specialized polymer materials, services, and solutions. PolyOne is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
MRC
PolyOne Corporation announces quarterly dividend
EPS imports to Ukraine increased by 80% in January
Despite the seasonally weak demand in the market of finished products, Ukrainian converters increased purchases of imported EPS in January.
There were several factors, contributed to such a hike in EPS imports.
Firstly, Stirol did not produced EPS in January, and secondly, the local companies hurried to buy as much as much as possible in fear of hryvnya devaluation.
Considering rise in European EPS and euro, Ukrainian companies preferred to buy Russian material. Practically all imported in January EPS was delivered from Russia, with only 30 tonnes occurred for French EPS.
Market participants reported tight supply of Ukrainian EPS this week. A converter said, hryvnya weakened against the dollar and the euro made purchases in Russia and Europe more expensive than it was in the beginning of the year. Converters did EPS contracts in foreign markets in a foreign currency, so Ukrainian material can ease the converters' problems, the source added.
According to the MRC, Stirol will resume EPS production in February.
MRC
Kazakh Neftekhim Ltd to begin production of granulated PP
Neftekhim Ltd was commissioned in 2009. The company produces methyl tert-butyl ether (MTBE) and polypropylene.
30,000 tonnes/year PP capacities were launched in 2011; the plant did not have PP granulation unit, PP is produced in the form of powder, which limits its scope.
The producer has to sell all produced PP to export markets, particularly in China, as local producers can not use PP in powder form.
Total PP production in Kazakhstan was 17,800 tonnes in 2013, against 37,700 tonnes a year earlier. Such a serious drop in production in 2013 resulted from a long shutdown for maintenance works from April to July.
MRC
PET exports from China increased by 43% in 2013
MOSCOW (MRC) -- Export sales of Chinese polyethylene terephthalate (PET) to foreign markets increased by 540 thousand tons in 2013, up 43% from the level in 2012, according to MRC analysts.
Total exports of PET chips from China was about 1.78 mln tonnes in 2013. Chinese producers increased PET exports on the back of growing production capacities in China.
China increased PET deliveries to Africa, the Middle East and Asia. At the present China is the largest exporter of PET in the world.
As reported previously, despite the decline in imports of PET in Kazakhstan (down 2%), Russia (down 7%), Ukraine (down 3.5%), imports of Chinese PET into these countries grew. Imports of Chinese PET to Kazakhstan increased by 3 tonnes to about 37,000 tonnes in 2013. Imports of Chinese PET to Russia grew by 21,000 tonnes to 94,000 tonnes in 2013. Imports of Chinese PET into Ukraine increased by 21,700 tonnes to 111,000 tonnes in 2013.
More detailed statistics on a monthly balance of the market, PET consumption in Russia can be found in the MRC
ScanPlast.
MRC
Capacity of Ukrainian PS and styrene plastics market dropped by 12% in 2013
MOSCOW (MRC) -- Capacity of the Ukrainian market of polystyrene (PS) and styrene plastics fell by 12% in 2013 and totalled 70,400 tonnes, according to MRC ScanPlast.
Reduced consumption was registered in all grades of styrene-based polymers. Thus, capacity of the high impact polystyrene (HIPS) and general purpose polystyrene (GPPS) markets dropped by 2% in Ukraine to 31,700 tonnes.
Capacity of the expandable polystyrene (EPS) market fell by 15% and totalled about 30,000 tonnes in 2013. A significant decline in demand was registered in the acrylonitrile-butadiene-styrene (ABS) market. Ukrainian companies produced about 3,500 tonnes of ABS in 2013, while reducing their purchasing in the foreign markets by 14%.
Reduced estimated consumption was caused by the fall in total production and imports of material to the country amid a general slowdown in the processing sector in 2013. More information on the PS grades and production figures can be found in the MRC Monthly report.
MRC