Regional prices for polyethylene resins and PET bottle resin finished flat for the month, but a PE increase attempt didn't go down without a fight.
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Someday there will be discussion about COVID-19 in the past-tense. But that day isn't today. As the pandemic has dragged along, plastics packaging companies have pivoted again and again, dodging and dealing with issues as they arose. As they arise.
LG Electronics expects to dramatically increase use of recycled plastics during the next decade, with aggressive increases by both 2025 and 2030.
PE prices in Southeast Asia went up from mid-June to late-July. However, since the beginning of August, a steady trend has permeated the market due to a combination of mixed factors including demand. End-consumer demand continues to weaken, freight rates are high, and supply decreases due to lower plant operating capacity.
Chicago-based Berlin packaging manufacturer and distributor is expanding through another acquisition, this time buying a Canadian company that specializes in packaging for the cannabis sector.
The move follows a law that took effect in June to cut down on plastic waste at restaurants and retail stores. Business owners must be able to choose a course of action, including accepting a fee for using these types of products and converting to recycled products.
Prices for polypropylene, polystyrene and PVC have all increased since September 1 due to high demand and some supply constraints.
When Berry Global Group Inc. changed its name in 2017, the move was designed to better represent how the company has grown since the 1980s from a single facility in Indiana.