The packaging group Amcor says it has ''all the building blocks in place'' for growth after snapping up two rivals in the past year.
Sales rose a modest 3.3 per cent, but profit fell 13.6 per cent due to restructuring costs and a Brazilian tax bill.
The grant is made available through the PACIA Rewards Program, a special program made possible through the Sustainability Covenant between PACIA, the plastics and chemicals industry peak body, and EPA Victoria, the Environment Protection Authority in Victoria.
An explosion at a plastics company in Minneapolis injures three people.According to the fire department, a flash explosion happened at the Interplastics Corporation around 7:30 in the morning.Some workers were replacing the cap on a tank that was filled with an acid-based product.The tank was damaged in the explosion.The fire department says no chemicals were released into the air and the public was never in any danger.
In a bad economy like the current one, when sales are in a long-term rut, sometimes a company has to find a new revenue stream.
R&B Plastics Machinery LLC of Saline did just that.
Mark Badger wants to share a secret: Plastic is one of B.C.'s economic drivers.
The plastics industry is a big employer in B.C. and its technologies and products are used throughout the economy, Badger said.
Chalk up a win for St. Peters in the chase for new employers.
Austrian packaging manufacturer Alpla, Inc., plans to open a $12 million to $16 million manufacturing plant in the city, the Regional Chamber and Growth Association said today. It will hire 50 to 100 people to start in June, and hopes to expand to 150 employees within a decade.
A plastics-recycling company in Liverpool has been fined £2,500 after a worker had four fingers cut off by a guillotine.
The Health and Safety Executive prosecuted Centriforce Products Ltd following the incident at the company's premises on Derby Road near the city's docks on 26 May 2008.
Increasing cost for oil, natural gas and the intermediates derived from them have driven significant increases in prices for our raw materials, particularly styrene, maleic anhydride and glycols. These changes along with the expectation for these elevated prices to last at least into the second quarter make the price adjustment a necessity, said Gerhard Bohme, Business Director North America, Composite Polymers.
A Charlotte-based polymer company has leased a 3,000-square-foot lab at the Research Campus in Kannapolis, and the U.S. Department of Agriculture today will award the campus $1.1 million to launch a program for graduate students.
Plastic is the new black.
Zeachem, which has devised a somewhat unusual technique for converting wood scraps and cellulosic material into fuel and other substances, has tinkered with the genome of its organisms to crank out a chemical that's a precursor to propylene, a major ingredient in packaging and plastics. The second bug will effectively give the company two product lines: ethanol (and ethanol precursors) that will get sold to the fuel market and chemicals for specific applications.
The economic downturn has struck another area employer.
Solvay Advanced Polymers, on Ohio 7 south of Marietta, will permanently lay off as many as 23 employees by Nov. 17, according to plant manager Wally Kandel.
The company combines color, which it formulates to its customer's needs, with clear plastic resins to create a raw material which the customer uses in products that span all facets of the plastic industry -- from tubes to toys, syringes to shavers.
The state will release $2.6 million in grants to three organizations, including one in Central Ohio, through its Thomas Edison Program.
The state Controlling Board this week approved handing out the grants, aimed at spurring high-tech development in Ohio. Westerville-based PolymerOhio Inc. clinched a $650,000 grant as a designated Edison Technology Center, an arm of the larger state program that helps companies in the market entry phase of product commercialization.
Both across the business world and in the plastics industry, many companies moved quickly to cut or freeze wages, eliminate discretionary bonuses, and change executive compensation formulas and measures for 2009 in an effort to conserve cash and make more compensation hinge on performance.
However, a number of listed plastic product makers are on track for their best-ever year in terms of profits, as they reaped the benefit of product innovations and lower production costs.
Technology advancements are creating new engineering opportunities for elastomers, offering designers and manufacturers new options for developing green products.
Effective September 1st, 2009, or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for styrene-acrylic and straight-acrylic dispersions by €70-90 per metric ton, for styrene-butadiene dispersions by €120-150 per metric ton and for polymer powders by €150 per metric ton. The price adjustment is necessary due to increased raw material cost.
Charlotte-based Polymer Group says the divestiture is part of its strategy to focus on its core nonwovens business.
