is a global distribution & trading company in plastic raw materials with offices and operations in Europe, Middle East, Africa and Asia. The network structure enables each individual branch to operate in line with the latest short-term trends within world and regional markets.
NCT's strategy is to generate added value to the chain between producers and end-users of commodity polymers. NCT is an ISO Certified Company who trades in polyolefin’s, polystyrene, pet, pvc and other plastic raw materials.
Braskem concludes acquisition of Ipiranga Group Petrochemical Assets
on 28-02-2008 08:03
source: Plastemart (28/2)
Braskem has announced that 60% of the petrochemical assets of the Ipiranga Group, consisting of the 60% interest in Ipiranga Quimica, were effectively transferred to the Company. As a result of the transaction, Braskem now holds a direct interest of 60% in Ipiranga Quimica, an indirect interest of 60% in Ipiranga Petroquimica, and a direct and indirect interest of 62.7% in Copesul. The remaining 40% of Ipiranga Quimica were delivered to Petrobras. The conclusion of the acquisition represents an important step in the consolidation of the Brazilian petrochemical industry and will enable Braskem to accelerate the capture of synergies, estimated at US$1.1 billion in net present value. Braskem is Latin America's leading company in the thermoplastic resins industry and the third- largest petrochemical producer in the Americas.
INEOS NOVA announces price increase for all Polystyrene products in Europe
on 28-02-2008 07:59
source: Chemie.de (28/2)
INEOS NOVA announced a price increase of 70 Euro/mt for all Polystyrene products in Europe effective from March 1st, 2008. INEOS NOVA's price spread in February was below expectations, and did not fully reflect market fundamentals. Feedstock costs are expected to increase signficantly next month, therefore a price increase in March is fully justified, according to the company.
Dow plastics shake-up on the cards
on 27-02-2008 08:27
source: PRW (27/2)
Dow Chemical is considering whether some of its speciality plastics businesses should be sold, placed into joint ventures, or realigned with other Dow businesses. The company announced yesterday that it has created a new business group, Dow Portfolio Optimization, for the selected businesses. They include: Saran products and specialty films, Polycarbonate, Compounds and blends, Synthetic rubber, Specialty copolymers. George Biltz, who currently heads the company’s Specialty Plastics and Elastomers business, has been appointed business group president of the new group. Other businesses may be added to the group of units being considered for changes, according to the Midland-based chemical company.
In a news release, Dow said: Going forward, the company expects to align other Dow businesses to the portfolio as they are assessed for strategic alignment with Dow’s transformational strategy. Andrew Liveris, Dow’s chairman and chief executive officer, added: “Our newly created portfolio brings this highly important activity squarely into the spotlight, ensuring we drive it forward with discipline, with diligence and with due speed.” Dow has been pursuing an “asset light” strategy, in which it has placed some plastics operations into joint ventures to take advantage of benefits like lower feedstock costs. Already, Dow is in the process of transforming its plastics businesses through a joint venture with state-owned Petrochemical Industries of Safat, Kuwait. In the joint venture, Dow is selling half of its PE, PP and polycarbonate assets - and other related businesses - to PIC for $9.5bn (€6.4bn).
INEOS Polyolefins announces extension of Grangemouth PP and PE
on 27-02-2008 08:22
source: Chemie.de (27/2)
INEOS Polyolefins announced its intention to invest in random co-polymer technology on its liquid pool polypropylene (PP) unit at Grangemouth, Scotland. By linking ethylene supply from its crackers to the PP unit, random co-polymer grades with a wide range of melt flow rates will be produced commencing Q3 2008 for the blow moulding, packaging and medical sectors.
In early 2007, INEOS Polyolefins announced the 50ktpa debottleneck of its liquid pool polypropylene unit, raising its capacity to 285ktpa. This investment has now been completed and has enabled the company to implement a further step-change in the asset's capability,
As part of its development of the polyolefin platform at Grangemouth, INEOS Polyolefins also intends to introduce swing capability on its 310 ktpa LLDPE plant to produce HDPE grades. This follows the recent development by INEOS Polyolefins of rotomoulding grades at Grangemouth and the appointment of ICO Polymers as its exclusive partner to distribute its range of advanced hexene co-monomer rotomoulding polymers. The new HDPE injection moulding grades will be produced in addition to the existing LLDPE/MDPE grades and will complement the existing HDPE product range.
Dow Europe GmbH Announces Price Increases for Polyethylene Resins
on 26-02-2008 10:09
source: Dow Europe (26/2)
Horgen, Switzerland March 1, 2008 Raw material and energy costs related to the production of polyethylene have reached record levels, which do not allow for acceptable margins for Dow. At the same time, Dow continues to experience strong demand for polyethylene resins. Based on these conditions, Dow Europe GmbH is announcing a price increase across the European, Middle Eastern, African and Indian regions for PE resins. Effective March 1, 2008, or as contract terms allow, Dow Europe will increase prices by 40 Euros per metric ton for all grades of its low-density Polyethylene (LDPE), linear low-density polyethylene (LLDPE) , high-density polyethylene (HDPE) resins, and AFFINITY and ENGAGE polyolefin elastomers.
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