PRA News

Sumitomo (SHI) Demag Group with headquarters in Schwaig andproduction sites in Schwaig, Wiehe (Germany) and Ningbo (China) has posted all-positive results for the fiscal year of 2018. Global sales increased by 13% to € 294.9 million with incoming orders risingby 6% to € 314.2 million. The demand for IntElect all-electric injection moulding machines and…

Teijin Limited announced that its automotive composites specialty groups have developed a multi-material composite automotive door concept that maintains required crash specifications while reducing overall weight by 35% when compared to a conventional steel door. A prototype of this unique approach, developed jointly by Teijin Composites Innovation Center (TCIC) and…

BASF and Midea Group Co., Ltd, a leading electrical appliance manufacturer, signed a strategic collaboration agreement on the application of more advanced solutions from BASF to Midea’s household appliances. According to the agreement, BASF and Midea will explore the applications of BASF’s advanced materials and innovative solutions to Midea’s electrical…

In Europe, the PS market is set to witness another round of increases for March after prices rebounded from their four-year low in early February. Players’ firmer expectations are mostly based on tight supplies across the region as well as strong upstream costs. Firm expectations for March boost pre-buying activity …

Spot naphtha prices in Europe and Asia have increased by about 20% since the start of this year, recovering from a period of turbulence that saw prices hit multi-month lows. After dropping down below $500/ton during the final quarter of 2018, spot naphtha prices in both continents are currently at…

Vietnam’s local homo-PP market has continued to witness increases, with suppliers preserving their firm stance although buying activities in the post-Tet holiday period remain limited. Local homo-PP market hits 2-month high According to the weekly average data obtained from ChemOrbis Price Index, local homo-PP prices in Vietnam have hit their…

In China, PE players have received March offers from the Middle East with increases over the past two weeks in line with the cautiously firming trend. However, traders reported that buyers were not in a rush to secure fresh cargoes since most of them had replenished sufficient stocks before the…

Major petrochemical companies revealed their financial results for the full year of 2018. They mostly faced weaker revenues throughout last year due to a series of factors. These factors included the unusually long period of low water levels on the Rhine River and outages that negatively affected production volumes as…

Italian extrusion machinery maker Colines has tied up with industrial solution provider Rieckermann. The alliance will see Rieckermann representing Colines and providing after-sales service in six Asian countries: China, Thailand, Vietnam, South Korea, Japan and the Philippines. The agreement, which commenced on January 1, 2019, aims to strengthen the presence…

During the past year, the operating environment for most industries became increasingly complex. It is more vital than ever for enterprising businesses to anticipate key market trends, to understand the industrial structure with a global perspective, and to master technological innovation. Chinaplas 2019, with its aim to promote the plastics…