Welcome to E-News Update from Plastics & Rubber Asia

June 2011

LEAD FEATURE

BASF banking on engineering resins in Asia

COMPANY NEWS

Graham to be bought by Reynolds

BASF adding more compounding capacity in Europe

Clariant expects higher sales

China's coatings market benefits from white pigment

Styrolution born out of styrenics

More PET in the global market

BMS on track with R&D centre in China

MATERIALS NEWS

Carbon fibres not out of steam yet

PP the subject of a carbon footprint study

MACHINERY NEWS

Large diameter pipe machinery to Norway

European machinery associations heave a sigh of relief

EXHIBITION NEWS

Asia to lead composites growth

INJECTION MOULDING ASIA

New resin improves productivity for medical devices

Automotive vanes take to PEEK

Resin targets thinwall packaging

Moulds enhanced for thinwall moulding

RUBBER JOURNAL ASIA

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Graham to be bought by Reynolds

n a fresh turn of events, US packaging supplier Graham Packaging will terminate its merger agreement with Silgan Holdings and enter into a new binding written definitive agreement with Reynolds Group Holdings. This is after the latter offered a higher purchase price of US$25/share to Graham.

Silagan had in April said that it would purchase Graham in a deal involving 0.402 shares of Silgan common stock and US$4.75 in cash for each share of Graham common stock, representing a total value, including net debt, of around US$4.1 billion.

Graham Packaging's net sales last year (after taking into account the acquisition of Liquid Container in September 2010) were approximately US$2.8 billion. The company has over 8,300 employees in 15 countries through 97 manufacturing facilities.