News & Bulletin Updates

8Tata Steel is still seeking financial aid from the UK government to support its decarbonization plans for its largest steelworks at Port Talbot, which is crucial for the company's future in the UK

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8India's biggest industrialists plan to take advantage of the government's infrastructure push and invest heavily in various sectors, including steel, renewable energy, defence, and electric vehicles

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8Iron ore edged lower as investors weighed weak steel demand in China along with the re-
 opening of a key export port in Australia

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8The first equipment has already been shipped from KraussMaffei's new main plant in Germany, which has successfully started production 

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ENGEL has achieved its highest-ever turnover in the group's history for the financial year ending in March 2023

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8Indco offers customized mixing solutions when standard designs are not suitable for specific mixing applications

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8The partnership aims to improve the BaT user experience and engage with automotive enthusiasts through education, promotions, and brand engagement opportunities

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8The company has introduced new blends of low-cyclosiloxane silicone elastomer and silicone resin to meet the increasing demand from consumers for products that can alleviate various skin conditions

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8LAPP and BASF have teamed up to develop products that can help reduce the carbon footprint
  

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8Focusing on "Green Chemicals" and bio-based speciality chemicals, Chemexil forecasts $30 billion in exports of organic and inorganic chemicals for FY23

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8The EV market is flourishing post-pandemic, prompting a shift towards sustainable production and recycling of EV batteries

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8Despite obstacles including high energy costs and a lack of materials, Italy's plastics and rubber machinery sector saw revenues rise in 2022 due to robust exports
 8The industry anticipates a continuous upward trend for 2023, however, it could encounter difficulties including a poor domestic market and decreased orders

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8Over 3,900 leading exhibitors from across the globe will showcase advanced and practical solutions at ChinaPlas 2023, the primary plastics and rubber trade fair in Asia

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8Indian flexible packaging materials company is building a $110 million PET factory in Egypt
 8The factory will have a capacity of 30,000 tonnes per month and will be built in two phases, with the first starting in H1 2024

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8Two Belgian companies are building a recycling plant in Belgium to convert packaging waste into raw materials
 8The EUR30 million plant will start operating in October 2024

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8Get the latest rubber prices for Singapore

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8SABIC will highlight a joint project with two market leaders, in recyclable films for feminine hygiene, baby care and disposable medical applications at index23 in Switzerland

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8The company is being conferred with the excellence and Trishul awards 

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8Leading Dubai-based system house, Pearl Polyurethane Systems, has introduced the new PearlBond adhesive range to ensure increased availability of PU-based adhesives

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8Expected growth in speciality chemicals revenue and EBITDA, with some companies predicted to perform well due to product demand and lower input costs

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8China experienced a decline in textile and clothing exports from January to March 2023 compared to the same period in the previous year

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8The global demand for plastics is steadily growing, while the industry is transforming to overcome market risks and is projected to reach $ 753.1 billion by 2026
 8Although the sector has grown over the past 5 years, it has been impacted by the rise of energy prices and material cost

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Ethyl acrylate prices in the Mumbai imported market have fallen significantly.

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Metal sources have reported a steady trend in Polystyrene Sheet prices in Ahmedabad.

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Today, the price of Manganese Sulphate is expected to remain low in the Ahmedabad market.

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