Car seating and electronics supplier Lear Corporation experienced a drop in revenue and sales for the third quarter of 2018, reflecting a slowing global car market.
Covestro plans to invest around EUR 300m in a new aniline production site at its Antwerp facility. The unit is expected in to go on stream in 2022.
A new integrated petrochemical site for BASF and Sinopec moved closer on 29 October when the companies announced they had signed a memorandum of understanding
Recticel has started trial production at its PU insulated board plant in Mantsala, Finland as promised in March this year.
Chemours has issued its first Corporate Responsibility Commitment report. As well as giving an overview of its 2017 actions and outcomes, it expresses the company’s commitment as 10 goals targeted for completion by 2030, in areas including waste, climate and a sustainable supply chain.
Mearthane Products Corporation (MPC) has acquired Creative Urethanes.
Covestro announced that 900 jobs will go world wide on 25 October as part of its third-quarter earnings release. The move is part of a plan to save EUR 350 m by 2021.
Graco, a polyurethane spray machinery equipment manufacturer, reported a 9.5% rise in net sales in the third quarter of 2018.
Surging application of PU in automotive, slab stock, footwear and appliances markets is likely to double consumption in India in next five years.
In the first six months of this year, Polish polyol maker PCC Rokita invested PLN 11.5m (EUR 2.67m). The investments expanded and modernised capacity.