PRA News

Thailand-based integrated chemicals firm Indorama Ventures Public Company Limited (IVL) has completed the acquisition of 74% of the share capital of Medco Plast for Packing and Packaging Systems S.A.E. (Medco Plast) from Middle East Glass Manufacturing Co. S.A.E. (MEG) and the Samaha family. Following the acquisition, MEG will retain a 16% shareholding…

Dutch chemicals firm DSM has completed the sale of Fibrant BV and 60% of the shares of Fibrant China to the Highsun Holdings Group Ltd. Through the joint venture Chemicalnvest, DSM and CVC Capital Partners indirectly owned 35% and 65% respectively of the shares of Fibrant BV and in the…

Filling and packaging solutions provider Krones has acquired MHT Holding AG (MHT). Based in Hochheim, Germany, MHT together with its subsidiaries is providing injecting moulding tools and services to the PET industry. The company generates approximately EUR25 million revenues with 125 employees. The acquisition of MHT represents an extension of…

It’s no secret that US-based extrusion machinery supplier Davis-Standard has the industry’s most extensive laboratory capabilities for both extrusion and converting applications. With R&D labs in Pawcatuck, Conn., Fulton, N.Y., and at the company’s subsidiary in Suzhou, China, customers have multiple options for making parts for proof-of-concept, experimenting with new…

China has added in 32 more waste types from its original list of 24 types of waste import ban. According to the Ministry of Ecology and Environment (MEE), the ban extends from unsorted paper, certain recyclable materials and plastics to steel wastes, auto parts and scrapp ed ships, and will…

By 2025, plastics will account for 25% of an average car, industry analyst IHS Chemical claims in a study. Currently, the automotive industry uses about 700,000 tonnes of plastics in cars, up by 29% or 900,000 tonnes by 2020 as car makers bank on design innovations to spur cost savings…

The food and beverage industry is playing a key role in reducing the carbon footprint by using more recycled content in packaging and increasing material recyclability, says Angelica Buan in this report. Rising consumer awareness on environment protection is a catalyst for government regulations such as levying taxes on plastics…

Industry stakeholders are taking up the challenge of securing rubber supply without letting up on efforts to ensure food security, energy efficiency, human rights, and environmental integrity; while new technologies in the green rubber arena are being introduced, says Angelica Buan in this article. Global key players focusing on closing…

Thailand-headquartered integrated PET/polyester supplier Indorama Ventures and Loop Industries, a Canadian start-up recycling technology innovator in sustainable plastic resin and polyester, are to work in a joint venture to manufacture and commercialise sustainable polyester resin to meet the growing global demand from beverage and consumer packaged goods companies. It is…

Maag, a Dover company and manufacturer of gear pumps, pelletising and filtration systems, says it has finalised a contract with Hainan Huasheng New Material Technology Co. to supply pumps, pelletising systems and screen changers for its new polycarbonate-production facility. When completed in 2020, the facility will be capable of producing…