3:17 min Facts & Figures, Staple fibers, fibers, filaments

IVL to acquire Wellman International's recycling and fiber business

Indorama Ventures Public Company Limited, the world's leading vertically integrated Polyester Value Chain producer, has signed an agreement to acquire Wellman International's recycling business in Europe from AURELIUS AG, to pursue customers' sustainability needs and meet the demands ...
2:56 min Markets and Management, Applications & Operations, Management, …

Growth of OCTAL attracts great attention from Industry

OCTAL, biggest producer of PET sheet worldwide, has now attracted a great deal of attention with its strong growth. The entire turnover, for instance, is to be more than doubled from this year to 2012. The reason for this is the new DPETTM technology that has been developed by the ...
0:52 min Management

New Managing Director for MHT USA

MHT USA, LLC., a subsidiary of the German MHT Mold & Hotrunner Technology AG, a ...
2:39 min Bottle development and design, Beverages, Beer

HEINEKEN chooses APPE beer keg in PET

The new four litre PET keg with an integral tap offers an innovative cost-effective ...
2:43 min Facts & Figures

La Seda de Barcelona records a pre-tax profit of 1.4 million euros in the second quarter of the year

La Seda de Barcelona (LSB) has reported turnover of 577 million euros for the first half of the year, which represents an increase of 22% compared to the figures for the same period in 2010. The book EBITDA has increased by 14.4%, to 34.7 million euros, while recurring EBITDA is 36.8 ...
3:70 min Facts & Figures

ECO Plastics raises £24m to drive expansion

ECO Plastics, Europe’s leading plastic bottle recycler, has raised £24m to drive expansion plans at its Hemswell recycling facility. The funds provide a solid financial platform for the company’s exciting expansion plans, including their joint venture with Coca-Cola Enterprises - ...
2:13 min Management

Business merger announcement: Phillips Plastics Corporation to acquire 100% of the shares of Medisize Corporation

Medisize Corporation has announced today the decision of Phillips Plastics Corporation to acquire Medisize Corporation. Phillips Plastics Corporation is a global leader in design, engineering and manufacturing for the medical, consumer, defense and automotive industries. The ...
3:70 min Facts & Figures

Petcore and EuPR publish PET collection figures for 2010 - European PET bottle collection increases by more than 6%

Blowmoulding outlets grew with more than 25% of the resulting RPET, or nearly a quarter on a million tonnes, used to produce containers in 2010. The 2010 share of fibres as an end use for recycled PET flake decreased to 39% although the overall tonnage rose slightly. The strapping ...
2:25 min Facts & Figures

Casey Container signs binding $4 million equity Funding Agreement for its PET biodegradable plastics preforms production facilities

Casey Container Corp. (OTCQB: CSEY) (OTCBB: CSEY) (www.caseycontainer.com) has signed a binding $4 million equity Funding Agreement to build biodegradable PET plastics preforms and bottling production facilities. The $4 million will be funded in tranches over a twelve-month period. ...
1:17 min Management

Rexam agrees to sell Closures for $360m

Rexam PLC, the global consumer packaging company, announces that it has agreed to sell its beverage and speciality closures business (“Closures”) to Berry Plastics for $360m in cash, subject to certain asset adjustments. Completion is expected in Q3 2011 and is conditional on ...