Clariant completes the sale of its masterbatches business to PolyOne for approx. USD 1.6 billion

Clariant, a focused, sustainable and innovative specialty chemical company, completed the sale of its entire masterbatches business to PolyOne. The enterprise value of the sale, which consists of separate transactions for Clariant’s global masterbatches business and its masterbatches business in India, amounts to approximately USD 1,560 million which is equivalent to

Read more

Russian PET market

The 15-20% increase in demand for plastic packaging in March and April has revived the PET market, and in May Russian feedstock producers raised the prices. Since then, many converting companies switched to more affordable supplies from China; the local PET market became loose. The bottle-grade PET accounts for about 94%

Read more

Clariant targets Asia with satin effect for high-end personal care packaging

Clariant colour specialists have combined three colours from the ColorForward 2021 trend palette with a satin brushed-glass special effect in order to appeal to consumers in the booming Asian personal care market. The resulting look helps PET packaging give the impression of luxury and prestige otherwise associated with the brushed glass

Read more

Global functional additive sales for plastic packaging expected to increase to $2.3 billion

Multinational provider of testing, consulting, information, and compliance services Smithers forecasts global functional additive sales for plastic packaging and global barrier coatings to increase. Global functional additive sales for plastic packaging are forecast to grow during 2020–25 at an annual average rate of 5.3% to approximately $2.3 billion from $1.7 billion

Read more

Coca-Cola and Indorama Ventures ink partnership to build PH’s largest bottle-to-bottle recycling facility

With the shared goal of making a more sustainable future happen today, Coca-Cola Beverages Philippines, Inc. (CCBPI) and Thailand-headquartered Indorama Ventures have signed a joint-venture agreement to establish PETValue, the largest state-of-the-art, bottle-to-bottle recycling facility in the Philippines. The PHP 1-billion, next-generation facility will be established in General Trias, Cavite, and

Read more
X