Celanese raises November prices for Ateva EVA polymers in Asia and Americas

MOSCOW (MRC) -- Celanese Corporation, a global specialty materials company, will increase November list and off-list selling prices for Ateva EVA polymers in Asia and the Americas, as per the company's press release.

The price increases below will be effective for orders shipped on or after November 1, 2018, or as contracts otherwise allow, and are incremental to any previously announced increases.

Thus, the company's EVA prices will go up by USD110/mt for Asia, by USD0.05/mt - for USA & Canada and by USD110/mt - for Mexico & South America.

As MRC wrote before, Celanese Corporation has raised October list and off-list selling prices for Vinyl Acetate Ethylene (EVA) emulsions sold in China and Asia Outside China (AOC). The price increases were effective as of 5 October, or as contracts otherwise allow, and were incremental to any previously announced increases. Thus, Celanese raised VAM list and off-list selling prices by RMB200/mt for China and by USD50/mt - for AOC.

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of USD6.1 billion.

Molson Coors Building its most modern facility in Canada

MOSCOW (MRC) -- Molson Coors recently broke ground in the City of Longueuil for what will be the company’s most modern brewing facility and distribution center to date, as per Businessfacilities.

The new brewery and distribution center is one of the largest investments in Molson Coors’ 230-year history in Canada and demonstrates its ongoing commitment to Greater Montreal.

For Frederic Landtmeters, president and CEO, Molson Coors Canada, this project connects the company’s storied past to the industry’s future.

"Molson Coors Canada is the oldest continuously operating brewer in North America, and Canada’s second oldest company," said Landtmeters. "I’m confident that this new integrated distribution center and brewery will enable the company to support more efficiently Quebec’s direct store delivery model, to meet the challenging demands of Quebec markets and remain competitive."

"The project will be our most modern and forward-looking production facility and distribution center," added Matthew Hook, chief supply chain officer, Molson Coors Canada. "The new brewery will be equipped with improved technologies that will allow us to reduce our energy consumption, CO2 emissions and carbon footprint, such as optimized equipment layouts to reduce beer loss and waste, and a state-of-the-art CO2 recovery system."

"Molson’s arrival is a milestone in Longueuil’s business history and proves without any doubt that our city has established itself as a partner of choice for a company of this magnitude, while also serving as a testament to our economic vitality," said Longueuil Mayor Sylvie Parent.

The location, with an area of more than 140 acres, offers access to high quality water, highways, ports, Hydro-Quebec services, natural-gas conduits, as well as a nearby wastewater treatment plant. As such, it meets all of the essential criteria for modern brewing operations.

Molson Coors Canada will seek LEEDS certification for the facility, which is consistent with the brewer’s drive for optimal performance standards related to sustainability and respect for the environment. It will be one of the few certified industrial sites in Canada.

HDPE prices began to go down in Russia

MOSCOW (MRC) -- The end of the maintenance period at the largest plants and a seasonal decrease in demand led to a reduction in high density polyethylene (HDPE) prices in the Russian market in the second half of October, according to ICIS-MRC Price report.

September and the first half of October is traditionally a period of peak HDPE prices in the Russian market. This year was no exception, scheduled shutdowns for turnarounds at the two largest producers and strong demand in the first month of autumn led to a record increase in HDPE prices. As expected, prices began to gradually roll back in the second half of October.

Kazanorgsintez, Russia's largest HDPE producer, was the first to shut its production capacities for scheduled maintenance, the turnaround started on 26 September and lasted slightly less than one month. Stavrolen, Russa's second largest producer, took off-stream its production for 10 days on 1 October.

In order to compensate for the temporary outage at the two largest manufacturers, Nizhnekamskneftekhim switched to HDPE production in the third decade of September. But this factor did not help to balance the market situation.

By mid-September, prices for a number of HDPE grades had reached their peak. Thus, in a number of cases, deals for film grade polyethylene (PE) reached Rb118,000/tonne FCA, including VAT, and higher. Prices of black PE 100 reached Rb124,000/tonne FCA, including VAT.

High prices, to which it was difficult for some converters to adapt, and seasonal factors began to put pressure on demand in the second half of September. Demand continued to subside in the first half of October, with some converters deliberately limiting their purchases, waiting for prices to fall with the launch of two plants after the turnarounds.

Prices of imported HDPE accounted for the greatest reduction last week. Thus, prices of Uzbek film grade and blow moulding PE dropped to Rb109,000-111,000/tonne FCA, including VAT, and Rb108,000-109,000/tonne FCA, including VAT, respectively.

Restrictions on shipments of certain HDPE grades from some producers remained, but they were not critical for the market.

Total and CNOOC strengthen long-term cooperation in LNG

MOSCOW (MRC) - Total and CNOOC1 have signed an amendment to their existing sale and purchase agreement (SPA) for liquefied natural gas (LNG) supply to further strengthen their cooperation in the LNG business, as per Hydrocarbonprocessing.

The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total’s global LNG portfolio, and have extended the term of contract to 20 years.

The initial long-term LNG SPA was signed in 2008, with an annual contract volume of 1 Mtpa for a period of 15 years.

"We are delighted to strengthen our partnership with CNOOC to expand our presence in the Chinese LNG market, which grew by 50% over the first half of 2018 and will continue to drive the increase of LNG demand over the next decade," commented Philippe Sauquet, President Gas, Renewables and Power.

With a portfolio of 15.6 million tons managed in 2017, Total is one of the world’s leading players in the sector, with solid and diversified positions across the LNG value chain. Through its stakes in liquefaction plants located in Qatar, Nigeria, Russia, Norway, Oman, the United Arab Emirates, the United States, Australia, Angola and Yemen, the Group sells LNG in all global markets.

Following the acquisition of Engie’s LNG business, Total became the second-largest Private global LNG player among the majors, with an overall LNG portfolio of around 40 Mtpa by 2020 and a worldwide market share of 10%.

LNG development is a key element of the Group strategy, which is strengthening its upstream positions in the major production regions with projects in Russia, the Middle East, the U.S. and Australasia, as well as its downstream positions in all markets.


Engel holds steady despite global economic uncertainties

MOSCOW (MRC) -- Despite a slowdown in North America amid trade uncertainty, Engel Holding GmbH expects global sales to reach around EUR1.6bn for fiscal year 2018-19, marking a 6% increase in earnings over last year, as per Plasticsnewseurope.

Global sales for the 2017-18 fiscal year ending 31 March were EUR1.51bn, up 11% from the prior year, company leadership said during an 17 Oct news conference at Fakuma.

The Austrian maker of injection moulding presses, robots and automation systems cited Europe as the biggest contributor, making up 53% of the company's sales, followed by the Americas at 24% and Asia at 22%.

"We see kind of a shift from the previous years due to the current economic situation," Christoph Steger, Engel's chief sales officer, said, citing a 2% turnover that shifted from the Americas to Asia. Continued growth in central and Eastern Europe is balancing out a slowdown in the United Kingdom, where the consequences of Britain's exit, or Brexit, from the European Union are resulting in bouts of uncertainty, the company said.

"People are a bit reluctant with investments at the moment," Steger said of a "certain reservation" the company is seeing in parts of Europe because of confusion surrounding the Brexit strategy. Germany, specifically, continues to post the highest sales. Over the last five years, Engel has increased its sales by 50% in the country, where it employs 340 people across four locations.

Revenue growth in Asia has been the biggest for the Engel Group and is continuing to grow, Steger said. Stricter quality requirements in the medical and packaging industries are leading to increased demand, with China as the strongest driver of growth in the region.

This past April, Engel said it was investing EUR10.5m into expanding capacity for its Changzhou, China-based Wintec subsidiary. The investment marked the first expansion since the machinery maker launched the Wintec brand of standardised injection presses four years ago.

Recent economic developments in North America, however, are not as encouraging, the company said. The region is below last year's level of growth for the fiscal year's second quarter. Engel did not provide any specific figures, however.

The company said the slowdown in North America is primarily due to large international conglomerates that are taking a "wait-and-see approach" in response to the latest developments in economic policy.

Recent changes, including the Sept. 30 news that Canada will join Mexico and the United States in a revised North American Free Trade Agreement — now called ? the United States-Mexico-Canada Agreement — in addition to U.S. President Donald Trump's announcement of new tariffs covering another $200 billion in Chinese imports, have been something all machinery companies "have to deal with," Steger said.

But with a "successor solution" to NAFTA on the table, Steger said Engel is "quite happy" and that many of the company's initial insecurities have been reduced.