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In the Spotlight
KRAUSSMAFFEI
Plastics machinery manufacturer plans layoffs / Affected jobs largely in Germany
ICELAND
UK supermarket chain trialling removal of nearly all plastic packaging on fresh produce
The adverse economic environment has left a mark on plastics machinery giant KraussMaffei. A company representative told PIE the German group is planning to cut 510 jobs worldwide over... (13.02.2020)
Supermarket group Iceland is removing almost all plastic packaging from a range of fresh produce items across 33 of its stores. The trial, currently underway in Iceland outlets in London... (12.02.2020)
TRINSEO
Sales dip 18% on pass-through of lower material costs / Restructuring pushes down net profit
BREXIT
BPF poll shows UK trade with EU remains priority / Most members prepared for end-of-year deadline
Full-year sales at styrenics producer Trinseo dropped 18% to USD 3.78 bn compared to 2018, with all operating segments posting revenue declines on lower prices. Weaker styrene and... (11.02.2020)
Following the UK’s exit from the EU on 31 January 2020, members of the British Plastics Federation still see trade with the economic bloc as a top priority. In a flash poll to mark Brexit... (10.02.2020)
UPDATE - COOLREC
Recycling plant in the Netherlands closed / Recyclate prices impacted by virgin materials
PLASTICS AND ENVIRONMENT
Global tourism initiative to tackle plastics waste / Organisations must commit to several targets by 2025
Coolrec has stopped recompounding at its site in Emmen / The Netherlands, reports recycling association NRK. According to media reports, the plant is now to be sold. The reason given for... (10.02.2020)
Tourism is the next industry to tackle plastics pollution with a new commitment to transition to a circular economy and implement sustainability goals. The “Global Tourism Plastics... (07.02.2020)
Latest News
Price Reports and Announcements
POLYMER PRICES
China Engineering Thermoplastics January 2020: Downtrend for most polymer prices / Short supply creates higher notations for PA 6 and PBT / Coronavirus outbreak to keep demand weak overall
14.02.2020
POLYMER PRICES
Standard Thermoplastics Trend February 2020: Styrenics ride on the styrene wave / Most other polymers unchanged / Business picks up only slowly / Little likelihood of much change in March
13.02.2020
POLYMER PRICES
Russia January 2020: Further reductions in all segments except PVC / Slight trend towards oversupply for PE and PP / Demand short of expectations / Increases possible for PS and PVC in February
13.02.2020
POLYMER PRICES
China Standard Thermoplastics January 2020: Most grades decline on weak demand / Lunar new year holidays extended in wake of coronavirus crisis / Impacts from epidemic to keep demand low
12.02.2020
POLYMER PRICES
Composites/GRP January 2020: Ortho resins still pointing downward / Trend likely to turn around soon / Glass fibre oversupply pressures notations
07.02.2020
CELANESE
Higher prices for POM in Europe
07.02.2020
POLYMER PRICES
Engineering Thermoplastics January 2020: ABS firmer / PA 6.6, PMMA and PP compounds lower / PA 6 base polymers expected to push up compounds in the medium term / Demand slowly recovers
06.02.2020
TRINSEO
Price increase for PC in Europe
05.02.2020
STYRENICS
Ineos Styrolution and Trinseo announce price hikes
05.02.2020
POLYMER PRICES
Styrenics January 2020: Prices turn upward again / Full cost transfer for PS and ABS in most cases / Demand receives boost from inventory replenishment / Further hikes expected in February
05.02.2020
Readers' Choice
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Date of print: 16/02/2020
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