M. Holland Company has appointed Ton Koenders as the company’s inaugural director of sales for Europe to support international growth and address customer needs in Europe. Click here to read the press release.
The EU enacted the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) regulation to protect human health and the environment from the effects of chemicals. Click here to learn more about what REACH compliance means for the plastics industry.
M. Holland’s 3D Printing group offers a rapid response alternative for producing selected parts where resin availability is tight. For more information, email our 3D Printing team.
Market Expertise: M. Holland offers a host of resources to clients, prospects and suppliers across nine strategic markets.
Nine companies, including Valero and Phillips 66, will buy 20 million barrels of oil in the latest sale from U.S. strategic reserves, officials said Thursday.
U.S. refiner Citgo Petroleum posted surging quarterly earnings of $1.28 billion, a record driven by higher crude processing volumes and stronger margins.
Freeport LNG is still capturing small amounts of natural gas from pipelines at its shuttered export plant in Texas to help feed a power plant that serves the state’s grid. Freeport expects to resume partial service at its liquefaction plant in early October.
European power prices rose to fresh records Thursday as a heat wave limits energy supplies and wildfires rage across France. In France, the contract price rose to 622 euros a megawatt-hour, which equates to about $1,100 for the equivalent energy of a barrel of oil. Britain saw prices spike 17% to more than six times the seasonal average.
China’s auto sales surged 29.7% in July from a year ago, though sales for the first seven months of the year fell 2%.
Toyota affirmed its production target of 9.7 million vehicles this fiscal year even after suspending more lines at Japanese factories Thursday. The automaker expects material costs this fiscal year to be $12.8 billion higher than initially thought.
Miners will struggle to expand U.S. operations fast enough to meet a deadline for sourcing key minerals domestically before electric vehicle tax credits wear out, experts say.
Electric vehicle-maker Rivian Automotive saw its net loss triple to $1.7 billion in the second quarter as it forecast a wider operating loss for the year due to higher raw material costs and supply chain challenges.
The labor market is experiencing an unprecedented paradox, with businesses struggling to fill open positions at the same time layoff announcements are increasing. Last week, initial jobless claims increased for a second straight week to 262,000, the highest since November, signaling further softening in the labor market.
July’s cooler U.S. inflation reading may spur the Federal Reserve to slow its interest-rate increase to 50 basis points at its September meeting, officials indicated.
The global population is set to cross 8 billion within weeks as experts raise warnings that it may be near a peak.
McDonald’s said it plans to reopen restaurants in Ukraine over the next few months in an early sign of Western businesses returning to the country, even as the conflict with Russia continues.
Five of China’s largest state-owned companies, including PetroChina and China Petroleum & Chemical Corp., announced plans to delist from U.S. exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.
Roughly 9% of pre-sold housing in China the past two years risks delayed completion due to financial troubles among developers, affecting some 2.4 million households, Bank of America said. The nation’s deflating property bubble could imperil its economic growth for years, economists say.
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