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Unexpected downturn hurts UK manufacturer

A UK manufacturer that has been investing heavily in new equipment at its Durham facility has been forced to put 46 employees on consultation following a dramatic and unexpected downturn in work from a major customer.

Ineos petrochemical plant saved

The Unite union has confirmed that a survival plan has been agreed for the Ineos Grangemouth petrochemical plant, saving 800 jobs at the Scottish plant.

Ineos closure would not reverse trend, says Moody’s

The closure of the Grangemouth petrochemical site in Scotland would not reverse the negative utilisation trend in Europe's ethylene sector, claimed Moody's in a statement released yesterday.

Silgan seals deal for Portola

North American rigid packaging specialist, Silgan Holdings, has completed the acquisition of Portola Packaging for $266 million, as it seeks to expand its plastics closure business.

Clariant continues divestments

Clariant has signed an agreement to divest its Detergents & Intermediates business to International Chemical Investors Group (ICIG) for CHF 58 million ($63m), subject to regulatory approvals.

Silgan expands its closure business with Portola

North American rigid packaging specialist Silgan Holdings is expanding its plastics closure business with the US$266 million acquisition of Portola Packaging.

Demerger directs Amcor to plastics

Australian packaging behemoth, Amcor, has announced plans to demerge its Amcor Australasia and Packaging Distribution (AAPD) business by the end of this year, which would leave the company focused exclusively on plastics.

Pretium closure takes focus away from preforms

Pretium Packaging has announced a plan to cease operations at its site in Pointe Claire, Quebec by the end of December 2013, as part of the company's drive to de-emphasise the sale of preforms as a product category and to focus its development, design and investment on growth in its core product line of plastics bottles.

DAK Americas to close Cape Fear plant

DAK Americas has said that it remains dedicated to the polyester value chain despite the planned closure of all operations at its Cape Fear site, near Wilmington, North Carolina.

Time is running out, claims UK recycler

UK recycler Closed Loop Recycling has warned that time is running out for the implementation of the measures needed by the waste and recycling industry, to deliver on the Government’s recycling targets.