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FL Plastics beats market and readies for growth: May 14-Norwich-based bottles and closures manufacturer FL Plastics has invest more than 250,000 to increase output capacity of toiletries, cosmetics, personal care and pharmaceuticals products. Asset finance specialist Lombard helped the company purchase a new Nissei injection ...

China extends anti-dumping probe into US autos: China's Ministry of Commerce said Saturday it has decided to extend anti-dumping and anti-subsidy investigations into US-made off-road vehicles and sedans with an engine displacement of 2.0 liters and above. The extension is for six months, until May 6, 2011, the ministry said in ...

Oil trader Trafigura eyes $1.46 billion IPO: report: May 16-The paper said a flotation in the UK would represent a change of direction for the commodities company, which never publishes financial details except to bondholders and other interested parties. Trafigura will spin off its industrial assets but will never float its core ...

US TPC Group sees strong April-June on higher BD demand, prices: HOUSTON ,May 14-TPC Group expects strong quarter-over-quarter growth for its fiscal 2010 fourth quarter on the back of improved demand, higher selling prices and the completion of a major scheduled turnaround at its Houston facility, the US butadiene (BD) producer said on Friday. ...

Volvo recalls 24,660 vehicles in China: Volvo and Changan Ford Mazda Automobile Co. said Friday it would recall 24,660 vehicles in China to fix problems that could pose safety risks. The recall, which is set to begin Nov. 8, affects 4,559 imported XC60 T6 vehicles manufactured between Nov. 20, 2009 and June 11, 2010 ...

Europe PE buyers face price hikes for fifth month in a row: LONDON ,May 17-European polyethylene (PE) buyers are faced with yet more price rises in May - the fifth consecutive month - particularly for low density PE (LDPE) and linear low density PE (LLDPE) grades, market sources said on Monday. We are getting increases in May, and we will ...

SAIC, GM to boost co-op in developing new energy cars: General Motors Co. and its China partner, SAIC Motor Corp., Ltd., said Wednesday they have agreed to boost cooperation in the development of new energy vehicles. The two auto giants will also increase the role of their joint engineering and design group, the Pan Asia Technical ...

BPRP declares C3 forces majeures at Schwedt, Rotterdam units: LONDON ,May 18-BP Refining and Petrochemicals (BPRP) has declared force majeure on propylene (C3) supplies from its PCK Schwedt, Germany, and Nerefco Rotterdam, Netherlands refineries, a company source said on Tuesday. The forces majeures were declared on Monday (17 May) the ...

Bullish on Chinese sales: German manufacturer Freudenberg expects China sales to rise about 50 percent this year on strong demand and a low base in 2009, said Hanno D. Wentzler, its regional representative in China. The company's China sales totaled 2.24 billion yuan (US$335 million) last year, or 5.6 ...

Apollo in talks for Hefty bag maker Pactiv: May 17-Private equity firm Apollo Management APOLO.UL is in discussions to buy Pactiv Corp (PTV.N), the maker of Hefty food storage and garbage bags, a source familiar with the situation said on Monday. Pactiv shares jumped 20.2 percent to $28.82, valuing the company at about $3...

Oil rises after Fed rate decision: May 17-Oil prices rebounded on Wednesday as the Federal Reserve's decision to leave rates low offset an overall bearish inventory report and Spain's downgrading. Light, sweet crude for June delivery rose 78 cents to settle at 83.22 U.S. dollars a barrel on the New York Mercantile ...

DSM makes crime pay with 'unbreakable' handcuffs: May 17-DSM Thermoplastic Elastomers has a new application for its Sarlink TPV police handcuffs. Milspec, based in North Carolina, the US, chose the thermoplastic vulcanizates for the base material of its Cobra Cuffs restraints. Jim Reaves, CEO of Milspec, called the Sarlink cuffs ...

China to encourage more M&A activity: China is bolstering the strength of its capital market to encourage mergers and acquisitions (M&A) in addition to the restructuring of listed companies, a move that analysts said will continue to be a key driver of global deal activity. Shang Fulin, chairman of the China ...

European auto output on the road to recovery: May 17-Forecasters are predicting a more positive outlook than first expected for European automotive production during the next four years, with a strong indication that output will return to the pre-recession highs of 2007 by 2014. According to the latest European Car and LCV ...

Bottle up and go for mobile exhibition hall: May 17-A three-storey exhibition pavilion has been completed in Taiwan using 1.5m plastic bottles. The structure was commissioned by three years ago by Far Eastern Group, a local financial and construction conglomerate. The bottles, which were rescued from Taiwan s waste stream, ...

Bentley auto opens sales center in Tianjian: Prominent British luxury carmaker Bentley has opened a sales center in north China's port city Tianjin, which is the 11th in China. Records show that China has become Bentley's third largest market in the world with an annual sales volume of 421 in 2009, following the United ...

Ultrapolymers secures Aquafil distribution in UK: May 17-Polyamide producer Aquafil Engineering Plastics of Italy has appointed Ultrapolymers as a new distributor for its product range in the UK and Northern Ireland. Ultrapolymers said it will focus on application developments with its customers utilising Aquafil s core product ...

Peugeot sees China driving its brand: French auto maker Peugeot expects China to become its biggest market before 2015 and promises to add at least one model every year to its locally produced fleet, said Xavier Peugeot, the company's global director of marketing and communications. "We hope our annual sales in the ...

Sea foam makes a splash with certification bodies: May 17-Isle of Wight-based SP High Modulus, the marine business of Gurit, has secured further approval from two of the world's leading certification bodies for its new marine foam core, Corecell M-Foam. The product, which was launched to the marine composites market in July 2009, ...

Nissan recalls 2.14m vehicles: Nissan Motor Co is recalling 2.14 million vehicles worldwide, including 194,409 autos sold on China's mainland, to repair a faulty ignition relay that the car maker says could cause engine problems. This is the third largest recall by Nissan, which said that no accidents had been ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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