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A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday. SCG Plastics Co ...
The plastics industry manufactures polymer materials—commonly called plastics—and offers services in plastics important to a range of industries, including packaging, building and construction, electronics, aerospace, manufacturing and transportation. It is part of the chemical industry.
Plastics News is a weekly, 46,000-circulation trade newspaper delivering global news to a primarily North American market. Founded by Crain Communications Inc. in Akron, Ohio, in 1989, it covers the business of the global plastics industry. The publication relocated to Crain's corporate headquarters in Detroit in 2013.
The plastic industry includes the global production, compounding, conversion and sale of plastic products. Although the Middle East and Russia produce most of the required petrochemical raw materials, the production of plastic is concentrated in the global East and West. The plastic industry comprises a huge number of companies and can be ...
Growing Demand for Polyester-Based Products: The compound serves as a key catalyst in the production of PET bottles and synthetic textiles, aligning with increasing global demand. Carcinogenic Risks and Regulatory Challenges: Health concerns and strict regulations increase compliance costs, restraining market growth.
The product, which biodegrades over a few months, was first used as an alternative for plastic packaging. In 2017, Kenya introduced a law banning single-use plastic bags, and in 2020 all single ...
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