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Plastics News

A. Schulman to Open Polybatch(R) Manufacturing Facility in Akron, Ohio
PR Newswire...August 20, 2008 Wednesday 3:00 PM GMT
AKRON, Ohio, Aug. 20 /PRNewswire-FirstCall/ -- A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that it is expanding its North American Polybatch(R) manufacturing operations with a new plant at the site of its existing distribution warehouse in Akron, Ohio. "We needed a new facility in the United States to build on our global success with Polybatch," said Joseph M. Gingo, Chairman, President and Chief Executive Officer. "We intend to be a leader with this product line in the U.S. market just as we are an established leader in Europe and Mexico."

CHINA'S PLASTIC INDUSTRY AFFECTED BY WEAK DEMAND IN CAR INDUSTRY
Asia Pulse...August 22, 2008 Friday 8:35 PM EST
Sales of plastic raw materials and processed products shrank due to the weak demand of auto industry on the Chinese market. The price of plastic products, including PP and PE, continued to fall since mid-June, and the procurement of plastic products dropped in the second quarter of this year because of the decline in orders for plastic car parts from automakers.

Enzone Plastics acquires Styleguard
Financial Deals Tracker...August 22, 2008 Friday


Cereplast to hire soon
The Tribune (Seymour, Indiana)...August 19, 2008 Tuesday
Aug. 19--Cereplast Inc. expects to hire more workers and start production trials of its biodegradable plastic resins in September. That's ahead of schedule, a result of the California-based firm recently completing the mechanical installation of the first production line at the new Hybrid Resins facility in Seymour's East Side Industrial Park. "This completed installation demonstrates the flexible, scalable nature of Cereplast's production technology and the ability of our operations management team to meet aggressive timelines," said Frederic Scheer, chairman and CEO of Cereplast. "I am pleased that we reached this important milestone ahead of schedule."

CPI Plastics Group Ltd. announces results for the second quarter of 2008
Canada NewsWire...August 19, 2008 Tuesday 6:48 PM Eastern Time
CPI Plastics Group Ltd., ("CPI") announced today its financial results for the three and six months ended June 30, 2008. A summary of those results is as follow: ------------------------------------------------------------------------- Second Quarter Year to Date (in thousands of dollars 3 months ended 6 months ended except per share amounts) June 30 June 30 (unaudited) (unaudited)

Newell Rubbermaid's Free Cash Flow Turns Negative for its Second Quarter
Cashflow news...August 18, 2008 Monday 6:02 PM MST
CashFlowNews.com reports that Free Cash Flow for Newell Rubbermaid Inc (NYSE:NWL) for its second quarter ended June 30, 2008 was a negative $(36,300,000), compared with a positive Free Cash Flow of $121,900,000 for the comparable year earlier quarter. Newell Rubbermaid has generated two consecutive quarters of negative Free Cash Flow. Free Cash Flow for the most recent quarter also reached a nine year low.

Myers Industries Announces Strategic Initiatives for Lawn and Garden Segment to Enhance Operating Performance
Business Wire...August 18, 2008 Monday 3:30 PM GMT
Myers Industries, Inc. (NYSE: MYE) today announced that it will implement aggressive productivity and manufacturing initiatives in the Company's Lawn and Garden Segment aimed at optimizing customer service, reducing costs, increasing competitive positioning and enhancing long-term operating performance. "Our objective with the initiatives announced here today is to further improve our manufacturing network and processes to minimize operating costs and maximize customer satisfaction," said John C. Orr, president and chief executive officer. "That includes rationalizing our manufacturing footprint to lower overhead and distribution costs, improve operational effectiveness and reduce working capital requirements. In doing so, we will be better positioned to serve our customers with the products they need, manufactured at the right location for the customer, and delivered when they need them."

LYONDELLBASELL INDUSTRIES; LyondellBasell Industries Subsidiary Sells Its Sarnia, Ontario, Site to Shell
Healthcare Mergers, Acquisitions & Ventures Week...August 23, 2008
Basell Canada Inc. has sold the assets and land located at its Sarnia, Ontario, site to Shell's Canadian affiliates, parent company LyondellBasell Industries announced (see also LyondellBasell Industries).

Atlantis Plastics to sell all the assets of molded plastics products business to Monomoy Capital Partners
Financial Deals Tracker...August 14, 2008 Thursday


Factory jobs boost as firm sets up base
Carmarthen Journal...August 13, 2008 Wednesday
A Recruitment day is being held in Ammanford ahead of a mini-jobs boom in the area. A special open day will be held next week to showcase opportunities with Cool Water Enterprises.

PolyOne enters licensing agreement with Battelle
Financial Deals Tracker...August 5, 2008 Tuesday


Owens-Illinois' Cash Flow from Operations Hits Nine Year High
Cashflow news...August 14, 2008 Thursday 6:03 PM MST
CashFlowNews.com reports that Cash Flow from Operations for Owens-Illinois Inc (NYSE:OI) for its twelve months ended June 30, 2008 was $731,200,000, a 92% increase over the year earlier same twelve months when Owens-Illinois generated $381,800,000 in Cash Flow from Operations. Cash Flow from Operations for the most recent twelve months also reached a nine year high. For Owens-Illinois' quarter ended June 30, 2008 Cash Flow from Operations was $209,900,000, compared with $179,900,000, a 16.7% increase over the comparable year earlier quarter. Owens-Illinois has generated five consecutive quarters of positive Cash Flow from Operations. Cash Flow from Operations for the most recent quarter also reached a nine year high. The shares of Owens-Illinois were recently trading at $41.20. Cash Flow From Operations defined by CashFlowNews.com: Defined as Cash flow from operations or operating cash flow as found in the Cash Flow From Operations section of a company's Cash Flow Statement, which is filed quarterly with the SEC. ____________________________________________________________ (c)2008 Market News Publishing Inc. All rights reserved. Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106

Eastman Board Declares Cash Dividend
Health & Beauty Close-up...August 11, 2008 Monday
The board of directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.44 per share on the company's common stock. The dividend is payable Oct. 1, to stockholders of record as of Sept. 15. Eastman manufactures and markets chemicals, fibers and plastics worldwide

IPL third quarter profits fall to $825,000 from $2.3 million on lower sales
The Canadian Press(CP)...August 7, 2008 Thursday
SAINT-DAMIEN, Que. _ IPL Inc. (TSX:IPI.A), a Quebec-based manufacturer of plastic products, says its net profits for the fiscal third quarter fell by two thirds as the company generated lower sales in a weak North American economy.

Eastman Chemical's Cash Flow from Operations Increases 31%
Cashflow news...August 5, 2008 Tuesday 6:02 PM MST
CashFlowNews.com reports that Cash Flow from Operations for Eastman Chemical Company (NYSE:EMN) for its twelve months ended June 30, 2008 was $712,000,000, a 31% increase over the year earlier same twelve months when Eastman Chemical generated $545,000,000 in Cash Flow from Operations. For Eastman Chemical's quarter ended June 30, 2008 Cash Flow from Operations was $132,000,000, compared with $165,000,000, a 20% decrease over the comparable year earlier quarter. The shares of Eastman Chemical were recently trading at $57.88 which is within 3% of their one year low of $56.31 on January 23, 2008. Cash Flow From Operations defined by CashFlowNews.com: Defined as Cash flow from operations or operating cash flow as found in the Cash Flow From Operations section of a company's Cash Flow Statement, which is filed quarterly with the SEC. ____________________________________________________________ (c)2008 Market News Publishing Inc. All rights reserved. Toronto:(416)366-8881 Vancouver:(604)689-1101 Fax:(604)689-1106

PolyOne Corporation Announces an Exclusive License Agreement with Battelle for Bio-Plasticizer Technology
PR Newswire...August 5, 2008 Tuesday 9:05 PM GMT
AVON LAKE, Ohio, Aug. 5 /PRNewswire-FirstCall/ -- PolyOne Corporation(NYSE:POL), a premier provider of specialized polymer materials, services and solutions, announced today that it has entered into an exclusive license arrangement for a series of bio-based plasticizer technology patents owned by Battelle.

Cereplast Completes Mechanical Installation of First Production Line at Indiana Site
Business Wire...August 4, 2008 Monday 4:04 PM GMT
Cereplast, Inc . (OTCBB:CERP), manufacturer of proprietary bio-based, sustainable plastics, today announced that it had completed the mechanical installation of the first production line at the company's Seymour, Ind. facility. In addition, Cereplast has appointed industry veteran Mark Barton Senior Vice President Manufacturing and General Manager of the Indiana facility. "This completed installation demonstrates the flexible, scalable nature of Cereplast's production technology and the ability of our operations management team to meet aggressive timelines," said Frederic Scheer, chairman and CEO of Cereplast. "I am pleased that we reached this important milestone ahead of schedule," Sheer added. System testing and commissioning over the coming weeks will ready the site for commercial bioresin production before the end of September 2008. The installed production line has a nameplate production capacity of 50 million pounds of bioresin annually. It is located on a 63 acre site that is sized for a rapid expansion of up to 500 million pounds per year as early as 2010.

Plastics And Packaging Being Squeezed; Containers Carry Costs Hidden From Consumers
Sunday News (Lancaster, Pennsylvania)...August 3, 2008 Sunday
High oil prices are driving up costs of not only gasoline and everything shipped by truck, but also the plastic bins and cardboard boxes that hold much of what you buy. Consumers may not notice the rising costs of store displays and packaging materials because they don't directly pay for them, but companies say they have risen dramatically. TRB Plastics, a Lancaster manufacturer of such products as plastic bins for candy and pastries, and display racks for brochures, clothing and shoes, is one of the companies struggling with the problem.

THE DOW CHEMICAL COMPANY; Dow Reports Second Quarter Results
Healthcare Mergers, Acquisitions & Ventures Week...August 9, 2008
Second Quarter 2008 Highlights - Sales for the second quarter set another Company record, rising 23 percent from the same period last year to $16.4 billion. Double-digit price increases were recorded in all operating segments and all geographic areas (see also The Dow Chemical Company).

Plastics company to fire dozens; Starplast source: There's been a drop in business, the dollar has weakened, and prices for raw materials have soared.
Globes [online] - Israel's Business Arena...July 28, 2008 Monday
Sources inform ''Globes'' that plastics manufacturer Starplast Ltd. is about to fire dozens of its 500 employees. The company has not yet settled on a final figure, and it is expected to open talks with the Histadrut (General Federation of Labor in Israel) on the matter.

Saint-Gobain Opens New Frontier for R&D
PR Newswire...July 28, 2008 Monday 7:40 PM GMT
NORTHBORO, Mass., July 28 /PRNewswire/ -- Saint-Gobain is conducting a groundbreaking ceremony today to mark the start of work on the expansion of its Research & Development Center in Northboro, Massachusetts. The $15 million expansion is expected to be completed by the spring of 2009. The expansion will provide permanent space for 160 employees currently based in temporary trailers, as well as space for up to 40 new employees. The project will add more than 61,000 square feet of laboratory, office and meeting space. Thirty new jobs will be created, bringing the total workforce in Northboro to 340 employees.

Fantastic plastic firm wins challenge award
Evening Herald (Plymouth)...July 30, 2008 Wednesday
The South West Manufacturing Advisory Service has crowned Algram the winner of the 'Plymouth Challenge 2008', a new competition which pitted city manufacturers against each other.

WESTLAKE CHEMICAL CORPORATION; Westlake Appoints Don Condon to Lead Olefins Business
Health Business Week...August 1, 2008
Westlake Chemical Corporation (NYSE:WLK) announced that it has appointed Donald M. Condon, Jr., 59, Sr. Vice President, Corporate Planning and Business Development, to the new position of Sr. Vice President, Olefins & Corporate Business Development. In this role he will lead the company's olefins business unit in addition to his current corporate business development role, including overseeing the company's newly opened Asia office located in Shanghai (see also Westlake Chemical Corporation).

DuPont's Q2 profits rise 11% on agriculture growth
Chemical News & Intelligence...July 22, 2008 Tuesday
LONDON (ICIS news)--DuPont's net profits grew 10.9% year on year to $1.08bn in the second quarter on the back of a stronger performance in its agriculture and coatings segments, the US chemicals giant said on Tuesday.

A. SCHULMAN, INC.; A. Schulman Takes Further Actions to Alleviate Effects of Rising Costs
Health Business Week...August 1, 2008
A. Schulman, Inc. (NASDAQ:SHLM) announced that it has taken further steps to help offset rapidly rising raw material, energy, transportation and supplier costs in its North American businesses (see also A. Schulman, Inc.).

OWENS-ILLINOIS, INC.; O-I Names Vice President of Sustainability
Health Business Week...August 1, 2008
Owens-Illinois, Inc. (NYSE:OI) announced that Jay Scripter has been named O-I vice president of sustainability (see also Owens-Illinois, Inc.).

NEWELL RUBBERMAID; Newell Rubbermaid Announces Strategic Initiatives to Reduce Commodity Exposure
Health Business Week...August 1, 2008
Newell Rubbermaid (NYSE: NWL) announced it is implementing a number of strategic initiatives designed to reduce the company's exposure to volatile commodity markets, including a restructuring of the company's product portfolio and aggressive pricing mechanisms (see also Newell Rubbermaid).

Myers Industries Declares 6 Cent Dividend
FinancialWire...July 25, 2008 Friday
July 25, 2008 (FinancialWire) Myers Industries, Inc. s (NYSE: MYE) (Current Market Cap: $327US.05 Mil.) has declared a regular quarterly dividend of $0.06 per share, payable on October 3 to shareholders of record as of September 5. Akron, Ohio-based Myers Industries is an international manufacturer of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. The company is also a wholesale distributor of tools, equipment, and supplies for the tire, wheel, and undervehicle service industry in the U.S. FinancialWire is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .
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