High Density Polyethylene (HDPE) is one of the most widely used plastics
in several industrial sectors such as packaging, construction and
automotive. These three sectors constitute around 80% of HDPE demand
globally, as per GlobalData. HDPE is the world's third largest commodity
plastic resin after polyvinyl chloride (PVC) and polypropylene (PP) SEE MORE The global market for plastics processing machinery is projected to
exceed US$13 bln by the year 2015, driven by increased demand from
emerging markets of Asia-Pacific, Latin America, Eastern Europe, Middle
East and Africa, as per Global Industry Analysts, Inc.
The market growth is dependent on the pace and extent of recovery in key
end-use sectors including construction and automotive industries SEE MORE Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits.
Exporters worry that the development is
expected to continue in 2012, alongside a narrowing of markets for some
export products brought about by the continuing global economic
recession. SEE MORE VietNamNet Bridge – The 13th adjustment in October of the dong/dollar
exchange rate made by the State Bank of Vietnam has made the dong lose 0.73
percent of its value since the beginning of October. SEE MORE US oil giant Exxon Mobil Corp discovered
hydrocarbons in August off the coast of Da Nang, in central Vietnam,
the company said on Thursday.
The Financial Times had reported that
ExxonMobil has made a potentially significant gas discovery off the
coast of central Vietnam. SEE MORE
