Buyers force concessions as supply lengthens
In July, European standard thermoplastic prices headed downward despite a slight firming in most feedstock costs.
The Bosnian businessman who shut down VW in Europe
Nijaz Hastor began his career building Volkswagens in a factory in Slovenia. This month, he brought Volkswagen AG to its knees when he refused to back down on a contract dispute between the automaker and his diverse parts company.
RPC site closure hits 250 workers in Germany (Updated)
RPC's rigid packaging site in Pulheim, Germany is set to shut after worker representatives failed to persuade the company to halt its closure plan. The facility employs approximately 250 people.
Borealis net profit dips following base chemicals slowdown
Polyolefins and base chemicals specialist Borealis saw net profits drop by 12% year-on-year in its second-quarter results. The firm announced a net profit of €309m compared to €351m over the same period last year.
Axium acquires German blow moulder KKT
Axium Group, based in Andrézieux-Bouthéon, France, has acquired German blow moulder KKT Kaller Kunststoff Technik, expanding its product range and regional footprint.