China XD Plastics Company, a manufacturer of polymer composite materials primarily for automotive applications, announced the commissioning of its new Sichuan manufacturing facility in China. China XD Plastics Company chairman of the ...
New York-based investment company Gramercy Property Trust has acquired Alpha Packaging’s 211,000-square-foot manufacturing facility located in Overland, Missouri, for $11m. The property in the St. Louis County, which serves as ...
Tags: food, beverage, pharmaceutical industries, Agriculture
Saudi Arabia-based food producing firm Savola Group has agreed to sell its packaging unit Savola Packaging group to Takween for $242.46m (910m Saudi Riyals). The complete purchase price will be financed through a syndicate of Saudi banks, ...
Tags: plastic containers, barrels, bottles, covers, Agriculture
The New Zealand government has provided $4m ($3.3m) funds to Wellington-based plastics manufacturing company Flight Plastics to build a recycling facility that could turn plastic waste into food-safe packaging. Flight Plastics company ...
Flavorseal, a leading provider of flexible food packaging solutions for the food processing and foodservice industries, is pleased to announce a new alliance with Flexopack Plastics Company. This alliance, based on a respective ...
The Italian government has recently criticised Britain for this stance. Italy planned to issue just biodegradable, cloth or paper bags in shops and use one Italian supplier that made compostable plastic. However, the approval was ...
Plastics company in the US, MicroGREEN Polymers has announced that the Stillaguamish Tribe of Indians has invested $5m in the company, which is the first closing in a $20m round. The investment will allow the company to expand its ...
Tags: Plastics company, MicroGREEN Polymers, Stillaguamish Tribe
Biome Technologies has announced that it will sell its 50% stake in Biotec to Sphere, for £5.2m in cash. The UK-based bio-plastics company said the sale will allow it to focus on its strategy to develop high margin, application led ...
Tags: stake, production technologies, bio-plastics
The Saudi Basic Industries Corporation (SABIC) has announced a net profit of SR 6.31 billion for Q3 2012, as against SR 8.19 billion in the same period last year, a decrease of 23 percent, and an increase of 19 percent as against SR 5.30 ...
Tags: Basic Industries, profit, SABIC profit
The latest analysis from German group Ceresana Research shows the Eurozone debt crisis is affecting the mood of plastics companies in Western Europe, but it has only had a small impact on the worldwide plastics industry’s confidence ...
Tags: market view