Russian fluoropolymer producer opens U.S. facility
Plastics Today reports that HaloPolymer Holding, a Russian manufacturer of fluorinated products, has set up operations in the U.S., establishing the first foreign office for the company. The headquarters is located in Houston, while the company's warehouses are in Houston and New York City. The company reports that the move is intended to help the manufacturer expand its customer base, pointing at the fact that the U.S. market processes more than 20 percent of the total world output.
Kraft shareholders okay new packaged-snacks division name
Kraft Foods Inc. shareholders have approved the name "Mondelez" for its new global snack food business. The company reports that the name (pronounced "mon-dah-LEEZ") was approved by more than 90 percent of shareholders who cast a vote. The new moniker will take effect when the company officially splits into two publicly traded companies later this year. Mondelez International Inc. will be home to global brands including Oreo, Cadbury and Nabisco. The North American grocery business will continue to carry the name Kraft and include Velveeta, Miracle Whip and Oscar Mayer.
Mexico polyethylene plant receives loans approaching $2 billion
According to Plastics Today, Brazil's Braskem S.A. and Mexico's Grupo Idesa have attained a $300 million loan to finance construction of a joint petrochemical project in Veracruz, Mexico. The funds join another $300 million loan approved in April, and another type B loan of $600 million to $750 million, and $600 million approved by an Italian credit bureau. The planned facility reportedly will produce 1 million tons of polyethylene annually.
Cosmetics packaging event announced in Paris
The 9th edition of the congress-exhibition PCD (Packaging of Perfumes, Cosmetics & Design) will be held on Wednesday 6 & Thursday 7 February 2013, at Champerret in Paris. The event (one of the world's largest for packaging of perfumes and cosmetics) will take place simultaneously with the 7th edition of Aerosol & Dispensing Forum (ADF). Organizers report that the the 2012 edition of PCD attracted 2,432 participants from 43 countries, adding that 93.8 percent of the visitors said they were very satisfied with the quality of the conferences.
ConAgra Foods acquires Tennessee Pride
ConAgra Foods Inc. has closed its acquisition of Odom's Tennessee Pride, a producer of frozen and refrigerated breakfast sandwiches and sausage. The acquisition includes facilities in Little Rock, AR, and Dickson, TN, and its headquarters office in Madison, TN. Odom's Tennessee Pride has approximately 750 employees, annual revenue in excess of $190 million, and is the second largest producer of frozen breakfast sandwiches in the U.S.