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Bankrupt Constar agrees to Amcor sale

The troubled plastics bottle manufacturer, Constar International Holdings, has filed for its third bankruptcy in five years and entered into a stalking horse asset purchase agreement with Amcor Rigid Plastics USA, under which the former plans to sell substantially all of its domestic business to Amcor.

Administrator aims to mastermind Invicta strategy

UK-based plastics company, Invicta Plastics, has fallen into administration with 11 of the firm's 35 staff being made redundant.

Borealis profits gain momentum

Polyolefins producer, Borealis, has announced a net profit of €131 million ($173m) in the third quarter compared with €129m ($175m) in the corresponding period last year, as the Borouge 3 expansion gathers momentum with start-up planned for 2014.

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.

Constantia plans listing as sales surge

Sales in the first nine months of 2013 at Constantia Flexibles increased by 24 per cent on the back of several acquisitions through out the year, including Globalpack, Spear and Parikh Packaging.

Eastman gears up for strong growth

Eastman Chemical Company is on track for a fourth consecutive year of double-digit earnings growth despite continued global economic uncertainty and volatile raw material and energy costs, said chief executive Jim Rogers (pictured), during a review of the company's third quarter results.

Comar completes recapitalisation

Packaging and liquid dispensing solutions supplier, Comar, has completed its recapitalisation with private investment firm Graham Partners, which will provide access to additional capital and resources to support Comar's global expansion plans and broaden the company's product development and manufacturing capabilities in North America.

Duo UK turns turnover into training

UK polyethylene packaging supplier, Duo UK, has announced a 77 per cent increase in turnover since a management buyout four years ago.

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.

Dow takes additives business off the market

US chemical producer Dow Chemical has decided not to sell its plastics additives business after failing to find a buyer willing to pay the asking price.