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Most of the 150 million tons of plastics produced around the world every year end up in landfills, the oceans and elsewhere. Less than 9 percent of plastics are recycled in the United States, rising to about 30 percent in Europe. But new approaches can increase the amount of plastic waste that can be successfully recycled, researchers from the University of Houston and IBM reported a perspective published in the journal Science
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Belgee, one of the rising stars in the automotive industry has opened a new automotive production plant in Belarus, Europe, enhancing its cooperation with BASF SE. BASF’s coatings division supplies the respective coatings products for the car body as well as for the plastic parts. BASF is a single supplier for all coatings layers – comprising e-coat, primer, basecoat and clearcoat. At the plant near Minsk, Belarus, SUVs for the Russian, Belarusian, Ukrainian and Kazakh market will be produced. Read more
Reliance Industries Limited (RIL) has priced an offering of $800 million 3.667 percent senior unsecured notes due 2027. The notes have been priced at 130 basis points over the 10-year US Treasury note, at a price of 100 to yield at 3.667 percent. The notes will be denominated in US dollars, and will bear fixed interest of 3.667 percent per annum, with interest payable semi-annually in arrears and shall rank pari passu with all other unsecured and unsubordinated obligations of the company. Read more
AkzoNobel ends talk about potential merger with Axalta
AkzoNobel NV has confirmed that it has ended its constructive discussions regarding a merger of the AkzoNobel paints & coatings business with Axalta Coating Systems. AkzoNobel and Axalta ended their discussions without agreement. AkzoNobel continues to focus on its strategy of accelerating sustainable growth and profitability through the creation of two focused, high-performing businesses and remains committed to its 2020 financial guidance. Read more