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MOSCOW (MRC) -- Flexible packaging producer Sipospack Kft is investing EUR3m in at a new site at Soskut in central Hungary, said Customstoday.
The Company said that new plant will increase its production capacity. Hungarian flexible packaging producer Sipospack Kft. is investing nearly EUR3 million (USD3.2 million) in an expansion at a new site at Soskut in central Hungary to raise its production capacity.
It is constructing a new 2,400-square-meter production hall and installing a range of new machinery there with a completion date scheduled for June this year. As a result of the expansion, Sipospack, expects to increase its annual revenue by EUR3.33 million (USD3.6 million) in the next three years, and raise the workforce headcount from 22 to 37, while boosting the firm’s share of export sales, according to its project manager Viktor Horvath.
The new project is supported with a European Union grant of EUR867,000 (USD940,000) set to cover the cost of switching from natural gas to renewable energy through the use of solar panels and biomass fuel.
The company, based nearby in Herceghalom, manufactures polyethylene and BOPP films, cling film, laminates, converted bags and sacks and other packaging for the Hungarian food industry. In 2013, Sipospack recorded annual sales worth EUR8m, including export revenue of almost EUR207,000, and it achieved an after tax profit of EUR643,340, according to the Hungarian news agency MTI.
As MRC informed earlier, last year, Taghleef Hungary announced a project to boost its capacity for 5-layer BOPP films at the national plant raising its output to 60,000 tpa. The upgrade, completed last June, was designed to enable Taghleef to serve the label industry with IML as well as the food sector.
Sipospack is a dynamic young packaging company only formed in 1996 which achieved its initial market position in the area of plastic film wrap. Today, the firm is the biggest distributor of films produced at Tiszaujvaros, Hungary by the Dubai-based producer Taghleef Industries.
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Sipospack to build new flexible packaging plant in Hungary
Sumykhimprom increased export shipments of titanium dioxide in February 2015 by 37%
MOSCOW (MRC) - Sumykhimprom increased its exports of titanium dioxide to 2,500 tonnes in February, up 37% compared with the January level, according to ICIS-MRC Price Report.
Total export shipments titanium dioxide from Sumykhimprom in January-February 2015 was 4,300 tonnes. R-206 grade is traditionally the most popular grade in foreign markets. Exports of this grade were 2,350 tonnes in the first two months of the year. Then follow the brands R-202, R-203 and R-204, the final export of which in January and February were 1,950 tonnes.
The biggest market for Ukrainian titanium dioxide remains Russia. Exports of titanium dioxide from Sumykhimprom in Russia were 2,120 tonnes in January-February 2015. The share of export shipments to Russia in total exports of Sumyhimprom. The producer increased its export prices for titanium dioxide in late February. Ukrainian export prices of titanium dioxide in February were heard in the range of UAH39,000-46,000/tonne FCA Sumy, excluding VAT.
"Sumykhimprom" - the largest producer of complex fertilizers in Ukraine. JSC "Sumykhimprom" produces phosphate mineral fertilizers and other goods of inorganic chemistry. Its activities include design and research; wholesale and retail trade; intermediate services on consumer goods sales; and construction organizations. Its products include granphos, superphosphate ammoniated, sulfuric acid, oleum, reactive sulfuric acid, coagulants to treat potable water and sewage, paints, construction lime, cement activator, and consumer goods. 100% of shares of "Sumyhimprom" are state-owned.
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Uponor sells plastic pipe machinery business to focus on core units
MOSCOW (MRC) -- Uponor Corp., the Finland-based maker of plastic pipe systems for plumbing, underfloor heating and cooling and infrastructure, announced March 30 that its subsidiary, Uponor Infra Oy, has sold its machinery business, Extron Engineering Oy, to Mecanor Oy, in Lahti, Finland, as per company's press release.
Uponor wants to focus on its core business and markets where it can command a strong market position, company officials said. Extron Engineering makes extrusion and printing machinery for plastic pipe and film, both monolayer and multilayer. The company designs and builds turnkey systems, including technology for coextrusion. Uponor said the business generates annual sales of 6.5 million euros (USD6 million). Extron Engineering employs 19 in Toijala, Finland.
Terms of the deal were not disclosed.
Mecanor makes downstream equipment for extruded plastic pipe and profiles, including pipe socketing/belling machinery, equipment for stacking, strapping, sleeving and bundling and seal/gasket inserting machines for automatically inserting seals and gasket rings.
The companies signed a cooperation agreement for the future development of key technologies. Uponor officials said the divestment will not generate significant sales gains or losses, and does not impact Uponor’s financial guidance for 2015. Uponor’s net sales topped 1 billion euros in 2014 (USD1.1 billion).
Uponor is an international market leader, striving to provide better plumbing, indoor climate and infrastructure solutions across Europe, North America and in other international markets. In close partnership with building industry professionals we are continuously seeking out innovative ways to ensure our systems offer the most efficient, reliable and high-performing solutions available to residential and commercial structures around the globe.
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Uponor wants to focus on its core business and markets where it can command a strong market position, company officials said. Extron Engineering makes extrusion and printing machinery for plastic pipe and film, both monolayer and multilayer. The company designs and builds turnkey systems, including technology for coextrusion. Uponor said the business generates annual sales of 6.5 million euros (USD6 million). Extron Engineering employs 19 in Toijala, Finland.
Terms of the deal were not disclosed.
Mecanor makes downstream equipment for extruded plastic pipe and profiles, including pipe socketing/belling machinery, equipment for stacking, strapping, sleeving and bundling and seal/gasket inserting machines for automatically inserting seals and gasket rings.
The companies signed a cooperation agreement for the future development of key technologies. Uponor officials said the divestment will not generate significant sales gains or losses, and does not impact Uponor’s financial guidance for 2015. Uponor’s net sales topped 1 billion euros in 2014 (USD1.1 billion).
Uponor is an international market leader, striving to provide better plumbing, indoor climate and infrastructure solutions across Europe, North America and in other international markets. In close partnership with building industry professionals we are continuously seeking out innovative ways to ensure our systems offer the most efficient, reliable and high-performing solutions available to residential and commercial structures around the globe.
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Eastman Chemical expanding Tritan co-polyester capacity
MOSCOW (MRC) -- Eastman Chemical Co.’s Tritan-brand co-polyester business continues to grow, with 35 mln pounds of capacity added late last year and a second plant on the horizon, as per company's press release.
The expansion took place in the fourth quarter of 2014 at Eastman’s headquarters site in Kingsport, Tenn., and now gives the firm almost 170 mln pounds of annual Tritan capacity there. A second Tritan plant in Kingsport is in the planning stages, but no dates have been set for that project. Officials said the second plant will have annual capacity of about 130 mln pounds.
"We’re trying to stay ahead of demand," said Burt Capel, specialty plastics vice president and general manager, at a Monday news conference at NPE 2015 in Orlando. "We’re seeing global expansion of Tritan."
A new Tritan web site has allowed the business to connect with injection molders and brand owners, according to global sales director Randy Beavers. Eastman at NPE also is showcasing its work with mold maker Prestige Mold Inc. of Rancho Cucamonga, Calif., on a 32-cavity mold for medical parts. The mold was successfully tested in January, making a universal female luer — a part used with IV tubing for drug delivery and similar applications.
"The mold started right up," Prestige owner and CEO Donna Pursell said at the news conference. "There were no filling or pressure or sticking issues.
"Eastman was very involved with us in the process. There aren’t too many companies that are that proactive."
At NPE 2015, Eastman also spotlighted its Amphora 3D polymers, which is being used by 3-D filament maker Helian Polymers in its ColorFabb XT polyester. The material’s high strength and good dimensional accuracy and stability make it ideal for 3-D printing applications.
Eastman (headquartered in Kingsport, Tennessee, USA) is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction, and consumables. Eastman is a global specialty chemicals company with 15,000 employees worldwide. The firm posted sales of USD9.5 billion in 2014.
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The expansion took place in the fourth quarter of 2014 at Eastman’s headquarters site in Kingsport, Tenn., and now gives the firm almost 170 mln pounds of annual Tritan capacity there. A second Tritan plant in Kingsport is in the planning stages, but no dates have been set for that project. Officials said the second plant will have annual capacity of about 130 mln pounds.
"We’re trying to stay ahead of demand," said Burt Capel, specialty plastics vice president and general manager, at a Monday news conference at NPE 2015 in Orlando. "We’re seeing global expansion of Tritan."
A new Tritan web site has allowed the business to connect with injection molders and brand owners, according to global sales director Randy Beavers. Eastman at NPE also is showcasing its work with mold maker Prestige Mold Inc. of Rancho Cucamonga, Calif., on a 32-cavity mold for medical parts. The mold was successfully tested in January, making a universal female luer — a part used with IV tubing for drug delivery and similar applications.
"The mold started right up," Prestige owner and CEO Donna Pursell said at the news conference. "There were no filling or pressure or sticking issues.
"Eastman was very involved with us in the process. There aren’t too many companies that are that proactive."
At NPE 2015, Eastman also spotlighted its Amphora 3D polymers, which is being used by 3-D filament maker Helian Polymers in its ColorFabb XT polyester. The material’s high strength and good dimensional accuracy and stability make it ideal for 3-D printing applications.
Eastman (headquartered in Kingsport, Tennessee, USA) is a global specialty chemical company that produces a broad range of products found in items people use every day. With a portfolio of specialty businesses, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. Its market-driven approaches take advantage of world-class technology platforms and leading positions in attractive end-markets such as transportation, building and construction, and consumables. Eastman is a global specialty chemicals company with 15,000 employees worldwide. The firm posted sales of USD9.5 billion in 2014.
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Dow Chemical sees potential for PE growth in packaging
MOSCOW (MRC) -- The packaging market continues to provide growth for the polyethylene business of Dow Chemical Co. — which is a good thing, since the firm will bring on more than 2 billion pounds of new PE and specialty plastics capacity in 2017, as per Plasticsnews.
"We’re seeing more material conversions going from paperboard to [PE] pouches," Dow executive Greg Jozwiak said at NPE 2015 in Orlando. Jozwiak serves as commercial vice president of North American packaging and specialty plastics for Midland, Mich.-based Dow, which ranks as one of the world’s largest PE makers.
Packaging applications in some developing countries are going right into flexible packaging without ever using cans or boxes, packaging and specialty plastics business president Diego Donoso added. In Freeport, Texas, Dow will add more than 2 billion pounds of capacity for Elite-brand enhanced polyethylene and Affinity-brand polyolefin plastomers, with a start date set for 2017. The firm is investing a total of USD4 billion in numerous Gulf Coast projects. The moves are part of a wave of North American PE and ethylene feedstock expansions that are tied to newfound supplies of natural gas in the region.
Jozwiak added that lower gasoline prices might spur consumer activity and consumption of PE-based products. "There’s a segment of the population that hasn’t seen wage appreciation, so having another USD15 or USD20 in their pockets means a lot," he said.
In addition to its Freeport project, Dow later this year will begin production with Sadara, its joint venture project with state-owned Saudi Aramco in Jubail, Saudi Arabia. The site eventually will have almost 7 billion pounds of annual capacities for PE, polyurethanes, elastomers and related products.
Dow at NPE 2015 also was focused on its Retain-brand polymer modifiers, which it launched late last year. The materials make it easier to recycle post-industrial barrier films without compromising performance or aesthetics.
Another NPE 2015 highlight for Dow was the use of its PE and PU technologies in artificial turf for field hockey competitions during the Rio 2016 Olympic Games at the Deodoro Olympic Park.
Dow is working once again with Polytan STI, a global leading manufacturer and supplier for outdoor and indoor sports surfaces, to deliver a higher-performing, more reliable and faster artificial turf. Dow and Polytan worked together on London 2012’s Riverbank Arena field hockey site.
In 2014, Dow posted sales of almost USD58.2 billion, up almost 2 percent vs. 2013. Plastics-related business units generated almost two-thirds of Dow’s sales in 2014. Its performance plastics unit — including PE — saw sales grow more than two percent to USD22.4 billion. Dow’s performance materials & chemicals unit — including PU and epoxy — posted sales growth of 2 percent to USD15.1 billion. Dow employs 53,000 at 201 sites worldwide.
The Dow Chemical Company is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue (after BASF) and as of February 2009, the third-largest chemical company in the world by market capitalization (after BASF and DuPont). Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
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"We’re seeing more material conversions going from paperboard to [PE] pouches," Dow executive Greg Jozwiak said at NPE 2015 in Orlando. Jozwiak serves as commercial vice president of North American packaging and specialty plastics for Midland, Mich.-based Dow, which ranks as one of the world’s largest PE makers.
Packaging applications in some developing countries are going right into flexible packaging without ever using cans or boxes, packaging and specialty plastics business president Diego Donoso added. In Freeport, Texas, Dow will add more than 2 billion pounds of capacity for Elite-brand enhanced polyethylene and Affinity-brand polyolefin plastomers, with a start date set for 2017. The firm is investing a total of USD4 billion in numerous Gulf Coast projects. The moves are part of a wave of North American PE and ethylene feedstock expansions that are tied to newfound supplies of natural gas in the region.
Jozwiak added that lower gasoline prices might spur consumer activity and consumption of PE-based products. "There’s a segment of the population that hasn’t seen wage appreciation, so having another USD15 or USD20 in their pockets means a lot," he said.
In addition to its Freeport project, Dow later this year will begin production with Sadara, its joint venture project with state-owned Saudi Aramco in Jubail, Saudi Arabia. The site eventually will have almost 7 billion pounds of annual capacities for PE, polyurethanes, elastomers and related products.
Dow at NPE 2015 also was focused on its Retain-brand polymer modifiers, which it launched late last year. The materials make it easier to recycle post-industrial barrier films without compromising performance or aesthetics.
Another NPE 2015 highlight for Dow was the use of its PE and PU technologies in artificial turf for field hockey competitions during the Rio 2016 Olympic Games at the Deodoro Olympic Park.
Dow is working once again with Polytan STI, a global leading manufacturer and supplier for outdoor and indoor sports surfaces, to deliver a higher-performing, more reliable and faster artificial turf. Dow and Polytan worked together on London 2012’s Riverbank Arena field hockey site.
In 2014, Dow posted sales of almost USD58.2 billion, up almost 2 percent vs. 2013. Plastics-related business units generated almost two-thirds of Dow’s sales in 2014. Its performance plastics unit — including PE — saw sales grow more than two percent to USD22.4 billion. Dow’s performance materials & chemicals unit — including PU and epoxy — posted sales growth of 2 percent to USD15.1 billion. Dow employs 53,000 at 201 sites worldwide.
The Dow Chemical Company is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue (after BASF) and as of February 2009, the third-largest chemical company in the world by market capitalization (after BASF and DuPont). Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
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