Plastics News interviewed experts at M. Holland about how material and chemical suppliers are working to meet automotive OEM demands for both electric and internal combustion vehicles amid an ongoing market shift. Click here to read the article!
M. Holland, in collaboration with LyondellBasell, will boost medical packaging manufacturers’ access to medical-grade resins and help ensure regulatory confidence for OEMs. Click here to read the full press release.
U.S. chemical firm Celanese Corp. can move ahead with its $11 billion acquisition of DuPont’s mobility and materials business as long as Celanese divests one of its plastics-producing businesses, the EU ruled.
Orient Overseas Container Line saw a 21.1% rise in average TEU rates in Q3, leading to a 16.9% jump in revenue.
China’s state-owned Cosco Shipping expects operating earnings in the first three quarters of the year to reach $20 billion.
Applied Materials, a leading U.S. producer of chipmaking equipment, says the government’s new export restrictions prohibiting sales to Chinese chipmakers will result in $250-$550 million in losses this quarter. Other top equipment-makers have started pulling employees from Chinese chip firms or halting service to Chinese customers. Meanwhile, some foreign companies with plants in China, who were supposed to be exempt from the restrictions, have been blocked from supplying even basic items like light bulbs, springs and bolts to their facilities there.
The U.S. administration is briskly approving exemptions for some Asian chipmakers in a bid to limit disruption from its tightened export rules aimed at China.
A Morgan Stanley survey of major retailers revealed the lowest net ordering levels in its 12-year history and a 19% gap between inventory and sales growth levels.
Boeing finalized a $4.1 billion order for 10 new freighters from Luxembourg-based Cargolux airline.
Airbus says its recent move to delay full production on some aircraft has eased pressure on suppliers, although some are still pausing operations in Europe due to high energy bills.
Dutch health-tech firm Philips expects core profit to drop 60% this quarter largely due to supply chain issues.
The U.S. arm of Japan’s Kobe Steel signed a supply agreement with Sweden’s H2 Green Steel, which aims to build a new steelmaking plant running entirely on hydrogen power.
Lead will continue outperforming other metals on the London Metal Exchange in the coming months due to tight supplies and as cold weather forces consumers to replace car batteries, analysts say.
American wheat exports will hit a 50-year trough as low water levels on the Mississippi River make it slower and more expensive to get crops to export terminals. Though cleared in some areas, river bottlenecks are widespread and spilling over into major tributaries such as the Ohio River.
The United Nations is asking for faster inspections of Ukrainian grain vessels as a flood of outgoing ships overwhelms regional ports.
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