1. A naphtha cracker is used to refine petrochemicals into plastic resins for making products such as appliances, rope and twine, textiles and crates. 2. Ethylene glycol is used in antifreeze, while the other two chemicals are plastic resins. 3. German company Ticona GmbH supplies the plastic resin. 4. High prices of raw materials, such as malt, sugar, molasses, corn, soya and plastic resin, continued to squeeze profit, San Miguel said. 5. Its primary businesses include plastic and rubber compounding, rubber additives, color and additives concentrates and distribution of plastic resins. 6. Rexene makes plastic film and plastic resins in Odessa, Texas, and operates plants in Wisconsin, Delaware, Georgia and England. 7. Rexene, based in Dallas, makes plastic film and plastic resins in Odessa, Texas, and operates plants in Wisconsin, Delaware, Georgia and England. 8. Schmitt said plastic resin costs are likely to moderate in the second half. 9. The company cited a steep cost increase in plastic resin, a key raw material, and weak consumer spending. 10. The company said third-quarter earnings will be lower than expected because of higher plastic resin costs and poor sales of its outdoor play equipment. |