The Plastics and Rubber Institute of Sri Lanka (PRISL) held its Annual General Meeting on 17th July 2020 at the institute's headquarters in Colombo.

Office Bearers and the Executive Council were elected during the general meeting. Indhra Kaushal Rajapaksa of Kalhar Industries was elected as the president of PRISL with R. A. L. Sampath Ramanayake of Ex Camso Loadstar and Kalyana Dhirasekera of Aqua Packaging as vice presidents.

 P. P. Perera of Sri Lanka Representative of PIN365 was elected as the Secretary and Prabath Jayasinghe of Gislaved Gummi as the Assistant Secretary of the institution. 

Owing to the existing health regulations this event was conducted both online and offline manner.                                                                                                               

In the welcome address, President Kuashal Rajapaksa observed the prominent representation of the dry rubber, latex, and plastics industry sector in the new committee, and stressed that this would add strength to the PRI Sri Lanka to face the challenges caused by current social economical political and environmental scenario both locally and globally.

The Covid-19 experience has opened up new awareness and opportunities which will be explored by the institute in its efforts to serve the members and the rubber and plastics industry fraternity in Sri Lanka.

PRISL is celebrating its 60th Anniversary this year and a series of events will be planned to commemorate their historical achievement.

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Scandinavian Enviro Systems AB publ has signed a letter of intent with an undisclosed partner to explore the possibility of licensing its advanced tyre pyrolysis technology for deployment in North America.

The collaboration will focus on conducting a comprehensive feasibility study to evaluate the technical and commercial viability of establishing one or multiple facilities dedicated to processing end-of-life tyres using Enviro’s proprietary method. This study is designed to provide the potential licensee with the necessary insights to assess the prospects of entering into a long-term commercial arrangement and formal technology licensing agreement.

It is important to note that any definitive agreements will depend entirely on the study's outcomes and subsequent negotiations. At this stage, there is no guarantee that the evaluation will lead to binding commitments or that the proposed transaction will ultimately materialise.

Fredrik Aaben, CEO, Scandinavian Enviro Systems, said, “We continue to see strong international interest in Enviro’s technology, and this letter of intent is yet another proof of this.”

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Kraton Corporation, a leading global producer of speciality polymers and high-value bio-based chemicals derived from pine wood pulping co-products, a global price increase for all polymer products with effect from 1 April 2026. The price hike will range from USD 440 per MT to USD 700 per MT, or as individual contract terms permit, with the exact price change varying according to the polymer type and production location.

The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing conflict in the Middle East, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

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German specialty chemicals company LANXESS has announced a global price increase for its portfolio of functional additives for the manufacture of tyres and speciality rubbers. These changes, which are set to take effect immediately or as soon as individual contract terms permit, will see prices rise by 15 to 50 percent.

The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing geopolitical conflict, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

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Orion S.A., a global speciality chemicals company, has announced a global price increase for its portfolio of speciality carbon black. These changes, which are set to take effect immediately or as soon as individual contract terms permit, will see prices rise by up to 25 percent.

In a strategic move to address persistent market volatility, the company is also implementing a variable surcharge on top of the base price increase. The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing conflict in the Middle East, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

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