Date Archive - August 2023

Wittmann Battenfeld Flexes Its Expertise at Fakuma

Wittmann Battenfeld is pulling out all the stops at Fakuma this year. We previously reported on the eight-station energy efficiency path that the company will lay out in its booth and the EcoPower B8X injection molding system, which will make its debut at the event. Here are some more highlights that you can expect to see on the Wittmann Battenfeld stand (booth 1204 in hall B1) at Fakuma, which returns…

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Resin Price Report: Producers Seek Five-Cent Hike in PE Contracts

After a hectic first half of the month, spot resin trading maintained the more relaxed pace observed in last week’s Resin Price Report. Prime polyethylene (PE) and polypropylene (PP) prices held firmly flat at the PlasticsExchange. The resin clearinghouse reported in its Market Update that it continued to see the bottom side of the spectrum shore up, as lower end buyers conceded to rising levels. A good number of railcars…

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Plastic Omnium to Build Largest US Hydrogen Storage Production Plant

Plastic Omnium announced this week that it plans to build the largest North American hydrogen storage manufacturing plant in Grand Blanc Township, MI, to supply a major American automaker.  The company will design, develop, and produce high-pressure hydrogen storage systems for medium- and heavy-duty zero emissions mobility. In addition, a state-of-the-art validation and prototyping lab will be commissioned to ensure product safety and customer support.  The total capital investment is…

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Plastics market researcher pain-free thanks to PE medical application

If Hollywood ever gets around to making a Plastic Man movie, Jeremy Pafford should get an audition for the main role. Pafford covered plastics markets for more than a decade for research firm ICIS. He recently posted a photo on LinkedIn about a medical procedure. “So I had a little work done in the past few weeks to unwind what has been a two-years-long pinched nerve in my neck,” Pafford…

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Kureha to Boost PVDF Production

Japan’s Kureha Corp. plans to increase production capacity for polyvinylidene fluoride (PVDF) at its Iwaki factory in Fukushima, Japan. PVDF is used as a binder material for lithium-ion batteries (LiBs) and as an engineering plastic in various industrial applications such as chemical process and semiconductor manufacturing equipment. Kureha intends to boost capacity from the current 11,000 to 20,000 tonnes/year by March 2027 through debottlenecking and the addition of a new…

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Kautex Maschinenbau Declares Insolvency

Extrusion blow molding equipment company Kautex Maschinenbau GmbH has declared the production site at its headquarters in Bonn, Germany to be insolvent as of Aug. 25, 2023, according to a press release posted on its website. The declaration does not affect the company’s operation in Shunde, China. Kautex also said that development of the Bonn site into an “innovation and service center with associated production of sustainable high-end technologies” is continuing…

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Trinseo Eyes More Shutdowns to Balance Books

Having reported a loss of $349 million on sales of $963 million in three months to June 2023, polycarbonate (PC), styrenic, and acrylic (PMMA) resin supplier Trinseo is eyeing further plant closures as part of a restructuring plan that has garnered management team approval. The closures affect the following operations: The Bronderslev, Denmark, plant that makes PMMA cast sheets; PMMA extruded sheet production line in Rho, Italy; batch polyester tray…

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