Hexpol marks ‘best year ever’


MALMO, Sweden — Hexpol A.B. has posted what it claims is its best year so far in terms of financial results.

In 2017, group sales rose 12 percent year-on-year to $1.5 billion, while operating profit increased 3 percent to just under $253.2 million, Hexpol said Feb. 2.

These results were posted during a fourth quarter that faced “continued raw materials price pressure” as well as a 3.5 percent decline in operating profit to $59.1 million, compared to the same quarter in 2016.

Read the source article at Rubber and Plastics News

Shin-Etsu sees double-digit growth in silicones business


TOKYO—Japanese materials supplier Shin-Etsu saw double-digit increases in sales and operating income at its silicones business.

In the nine-month report covering April-December 2017, the Japanese company reported a 14.7 percent rise in sales to $1.4 million, compared to the same period last year.

Read the source article at Rubber and Plastics News

Polyvinyl Chloride Market Forecast End-Use Industry

The construction industry is the major driver of global PVC market owing to a wide range of applications in the household, commercial and industrial sectors. Due to improving infrastructure and housing conditions in the developing economies are expected to maintain the demand for PVC. Long-term demand for PVC depends on the renaissance of the construction markets in the urbanized economies.

The major companies profiled in the PVC market are: Aiscondel, Arkema, Chemplast Sanmar Limited, Chemson Group, Formosa Plastics Corporation, INEOS Group Ltd, LG Chem, Shin-Etsu Chemical Co., Ltd, Mitsubishi Chemical Corporation, Occidental Chemical Corporation, Solvay, Vinnolit GmbH & Co. KG, PolyOne Corporation and Georgia Gulf Corp among others.

Read the source article at SBWire

Carbon Thermoplastic Market in Automotive Sector to 2021

The market size of carbon thermoplastics is estimated to reach USD 549.4 million by 2021, registering a CAGR of 29.65% between 2016 and 2021. Increase in production of automobile and growing middle-class population is expected to drive the carbon thermoplastics market in the next five years. 

“Polyamide resin segment driving the carbon thermoplastics market” 

“Rising demand in Asia-Pacific is the major driver of the global carbon thermoplastics market” 

The key companies profiled in this report are BASF SE (Germany), Celanese Corporation (U.S.), Cytec Solvay (U.S.), Du Pont (U.S.), Gurit Holding Ag (Switzerland), Quickstep Holdings Limited (Australia), Saudi Basic Industries Corporation (Saudi Arabia), SGL Group (Germany), Teijin Ltd. (Japan), Tencate (Netherlands), Dow Chemical Company (U.S.), and Toray Industries Inc. (Japan). 

Read the source article at World News by Country

Resin Technology Futures focuses on hedging resin prices


Resin Technology Futures Group has launched with a new website and advisory service to help plastics processors use plastics market futures and risk management.

“The lack of transparency and the volatility of resin pricing is a top concern for most end users of plastics,” RTFG principal Andy VanPutte said in a Sept. 16 news release. “By not managing that volatility, by just riding the roller coaster and buying as you need at the price, at the time, you’ve already decided unconsciously to accept price risk.

“If you have difficulty managing your sales price and meeting your budget on costs, you need a new tool,” he added.

Read the source article at Global Rubber Markets News

Nylon 6, 6/6 prices drop


Lower global demand and feedstock prices have allowed North American prices for nylon 6 and 6/6 resins to decline in recent months.

Prices for both materials are down an average of 4 cents per pound since June 1, according to market watchers contacted by Plastics News. The recent 4-cent drop for nylon 6 comes after prices for that material had slumped by an average of 10 cents per pound between January and May. Those declines mainly were tied to lower feedstock costs.

Although demand from the automotive market remains solid, other markets have consumed less nylon so far in 2016, sources said. Most recently, German materials giant BASF SE on Sept. 12 announced plans to remove more than 200 million pounds of annualcapacity for nylon feedstock caprolactam in Europe in the next 18 months.

Officials with BASF in Ludwigshafen, Germany, said that the move is being made to strengthen BASF’s nylon 6 value chain in a difficult market environment.

Read the source article at Global Rubber Markets News