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PIE 1131 of 25.09.2023
PIE 1130 of 08.09.2023
PIE 1129 of 24.08.2023
PIE 1128 of 08.08.2023
PIE 1127 of 25.07.2023
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In the Spotlight
GERMAN PLASTICS INDUSTRY
Bankruptcies at major firms up 25% from 2022 / Sector disproportionately affected
The ominous combination of high inflation coupled with a simultaneous lull in demand and a shortage of skilled workers continues to cause difficulties at numerous companies in the plastics industry. Over the first eight months of 2023, German insolvency specialists at Falkensteg said they have registered 10 bankruptcies of German plastics companies with sales of more than EUR 10 mn. This is a quarter more than during the comparable period of the previous year, the management consultancy told PIE. The... (28.09.2023)
LEGO
Toymaker abandons goal to use recycled PET after two years of testing / Sticks to quest for alternative sustainable materials
EUROPEAN CHEMICAL INDUSTRY
Cefic: H1 production drops over 12% / Better second half unlikely
Danish toy maker Lego said it has scrapped plans to make bricks from recycled PET but would continue to pursue its search for other sustainable materials. “We have decided not to progress... (28.09.2023)
The miserable situation in the European chemical industry continued in the first half, with production falling 12.3% versus the year-earlier period, according to a report from the European... (27.09.2023)
CHINA
Chemical association wants greener industry / Transition seen as major factor in further development
LANXESS
CEO Zachert announces job cuts – local media / No guarantees for German sites
A reduction in carbon emissions and an increase in so-called green technologies are just two of the latest goals of the China Petroleum and Chemical Industry Federation. The association... (27.09.2023)
German speciality chemicals group Lanxess plans to reduce its workforce, a move that will also hit workers in the supplier’s home market, according to Düsseldorf-based newspaper... (25.09.2023)
ELLBA
Styrene plant of BASF/Shell JV in Moerdijk restarts / Pressure on spot price
FRANCE
Industry group unveils plan to recycle PS packaging / Elipso backs EU Parliament on deposit system
Ellba has resumed production at its combined styrene/propylene oxide facility in Moerdijk, the Netherlands, several market observers have told PIE. However, neither of the two shareholders... (25.09.2023)
The French technical committee for recycling plastic packaging Cotrep has rolled out its first ecodesign recommendations on rigid household polystyrene packaging to lay a foundation for... (25.09.2023)
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Plastic Fantastic
Bidders go Radio Ga Ga for rockstar's old school timepiece
We don’t know what the winner of the auction for a red plastic wrist watch owned by Queen frontman Freddie Mercury was thinking, but it could have been, Don’t Stop Me Now. Or maybe it was ... (22.09.2023)
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Latest News
KEM ONE
Bahri becomes sales director / Second rep appointed for Germany
28.09.2023
AUSTROTHERM
Price hike for XPS insulation boards
28.09.2023
BOREALIS
Shake-up in polyolefins / Fofoupoulos-De Ridder to leave executive board / New jobs for Warnke, Baseley
28.09.2023
CIRCULAR ECONOMY
Do credit points systems encourage recycling? / Interview with Ansgar Schonlau from Certified Recycled Content
28.09.2023
SÜDPACK
Expansion set for French medical packaging plant
28.09.2023
PYROWAVE
Canadian group announces positive results from testing at Michelin, Knauf Industries / Companies use reclaimed styrene to make elastomer, EPS
27.09.2023
COVESTRO
Swiss sales office to be closed / Scores of workers to be made redundant
27.09.2023
RÖHM
German PMMA sheet production to move to domestic sites
27.09.2023
OQ CHEMICALS
Higher prices for intermediate products made in Europe
26.09.2023
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OQ CHEMICALS
Higher prices for intermediate products made in Europe
26.09.2023
POLYMER PRICES
Paraxylene September 2023: Crude oil upswing pushes prices higher
21.09.2023
POLYMER PRICES
Polyurethane feedstocks September 2023: Discounts drive market / Trough has been reached / TDI could soon see renewed markups despite low demand
20.09.2023
PIE SPOT PRICE MONITOR
Quotations rise further driven by higher feedstock costs / PE film grades witness significant hike
18.09.2023
POLYMER PRICES
Engineering recyclate September 2023: Price reductions of up to EUR 500/t / Further falls likely in October / Imports keep supply normal / No improvement expected for weak order situation
18.09.2023
POLYMER PRICES
Standard recyclate September 2023: Prices approaching the bottom / Only rPET still in free fall / Isolated slight increases possible next month with a more balanced market
15.09.2023
POLYMER PRICES
China standard thermoplastics August 2023: Prices rise / Supply declines / Market shows positive sentiment
13.09.2023
POLYMER PRICES
Standard thermoplastics trend September 2023: Significant price hikes despite weak demand / Higher monomer costs are main reason / Ordering picks up only hesitantly after summer lull / Converters buy no more than necessary
12.09.2023
POLYMER PRICES
China engineering thermoplastics August 2023: Prices mostly higher as feedstock prices firm, supply slows / Only PA 6.6, ABS lower amid higher supply or lower feedstock cost / Seasonal demand to support September prices
11.09.2023
POLYMER PRICES
North America August 2023: Prices vary / Firmer styrene costs prop up PS / Hurricane Idalia has no effect on prices so far / Extent of damage to polymer production not yet clear / September likely to be generally weaker
06.09.2023
Readers' Choice
SWEDEN
Government to end tax on plastic bags / Officials blame higher energy needed to make paper sacks
20.09.2023
GERMAN CHEMICAL INDUSTRY
Producers still gloomy as downturn continues / Resin production falls sharply / VCI repeats calls for help from Berlin
19.09.2023
PLAST
Italian fair reopens after five years / Visitor, exhibitor attendance lower than before pandemic / Market players mostly pessimistic / Green Deal or ‘Green Death?'
18.09.2023
AUTOMOTIVE MARKET
EU new car registrations surge 21% in August / Battery EVs surpass 20% market share / Interest in petrol vehicles eases
22.09.2023
LANXESS
CEO Zachert announces job cuts – local media / No guarantees for German sites
25.09.2023
GERMAN PLASTICS INDUSTRY
Bankruptcies at major firms up 25% from 2022 / Sector disproportionately affected
28.09.2023
EUROZONE ECONOMY
European Central Bank signals end to rate hikes / Staff raises inflation forecasts, lowers growth outlook
18.09.2023
EUROPEAN CHEMICAL INDUSTRY
Cefic: H1 production drops over 12% / Better second half unlikely
27.09.2023
© 2023 by Plastics Information Europe, Bad Homburg
Date of print: 28/09/2023
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