According to a contract signed by Basf and Vattenfal, the 49.5% of Vattenfall’s wind farm Hollandse Kust Zuid (HKZ) will be purchased by Basf. The purchase price amounts to 0.3 billion euros and takes into account the achieved status of the project. Including Basf’s contribution to fund the wind farm construction, Basf’s total commitment amounts to...
The global chemical and specialty materials company, Celanese, announced that it has acquired certain technology relating to the production of polyacetal (POM) products from Grupa Azoty of Tarnow, Poland, after its decision to discontinue its POM manufacturing. Celanese will take over all existing Tarnoform contracts in order to...
German manufacturers of plastics and rubber machinery can look back positively on 2020: a year marked by the coronavirus, and despite the exceptional overall situation. "After a difficult start, which was characterised by major challenges including a lockdown, incoming orders showed a rapid increase from the summer onwards", Ulrich Reifenhäuser...
Leading innovation service provider in the specialty chemicals and food ingredients industry, Azelis announced a new agreement with Röhm, global leading supplier of methacrylate chemicals. Building upon a partnership over the last ten years, this expansion awards Azelis more territories for the...
On June 21, shortly before the start of the live e-symposium 2021, Engel gave an optimistic outlook for the current fiscal year at its online press conference. “Our order books are as full as they last were in 2018”, reports CEO Stefan Engleder. The change came about in November 2020. Even demand from the automotive industry picked up again after two very difficult years...
The acquisition of the Italian company INglass and its innovative hot runner systems technology operating under its market-leading HRSflow business by Oerlikon has been successfully closed. The acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibres business...
Clariant has reached definitive agreements for the divestment of its Pigments business to a consortium of Heubach Group and SK Capital Partners at an Enterprise Value of 805 million to 855 million Swiss francs on a cash and debt free basis, depending on an earn-out payment of 50 million Swiss francs contingent on the 2021...
In its meeting today, the Supervisory Board of OMV Aktiengesellschaft appointed Alfred Stern as the new Chairman of the Executive Board and CEO of OMV. He will assume the position with effect from September 1, 2021 for a three-year period with an extension option for further two years subject to mutual consent. Alfred Stern is currently...
Solvay announced today that Carmelo Lo Faro, previously president of Solvay's composite materials business unit, is promoted to a new role as president of Solvay's materials segment, effective immediately. The materials segment includes both the specialty polymers and composite materials businesses and has been identified as the primary...
Leading global thermoplastics resin distributor and an affiliate of GPD Companies, Nexeo Plastics announced that it has acquired Nevicolor, a leading Italian distributor and compounder of thermoplastics. Terms of the transaction were not disclosed. A family-founded business based in Luzzara (Reggio Emilia, Italy) with broad geographic...
At this year's General Assembly Meeting, the European Trade Association of PVC Window System Suppliers EPPA welcomed four new Board members and a new treasurer. Patrick Seitz was elected as new President and Carsten Heuer as Vice President. EPPA held its General Assembly in Mannheim, Germany. The event was...
Sales above 1.1 billion euros, net equity stable at 682 million euros. Moreover, the number of employees remained steady at almost 4,600 and the company retained its technological leadership on all markets. These were the key Sacmi Group stats - contained in the 2020 annual report approved by the board of directors...
With the planned acquisition of Agiplast, a leader in the regeneration of high performance polymers, in particular specialty polyamides and fluoropolymers, Arkema will be able to offer a full service to customers in terms of materials circularity, addressing growing market expectations in this field. This project, which contributes to the...
At the British Plastics Federation’s (BPF) second virtual annual general meeting, Karen Drinkwater, a founding director of JSC Rotational Limited, was elected as the trade association’s president. Due to the ongoing pandemic, the BPF’s annual general meeting could not be held in person for the second time in its history, with the...
In the first quarter of 2021, Italian plastics and rubber processing machinery manufacturers in the trade association Amaplast recorded double-digit increases in orders and turnover over the same period in 2020. Based on the end-of-quarter survey conducted by the Mecs-Amaplast Statistical Studies Centre among...
A global event with the participation of all divisions, an extraordinary edition that combines the real and the virtual: the new spring edition of “Inside” is around the corner, starring technology by Biesse, Intermac and Diamut in a well-rounded content-rich event that is not to be missed. The special spring edition includes...
True passion, real innovation, virtual experience: this is the motto under which injection moulding machine manufacturer and system solution provider Engel is inviting customers to the live e-symposium 2021 from 22 to 24 June. For the first time, Engel traditional in-house exhibition will be a virtual event, enabling even more...
Arburg is cancelling the “ 2021 Technology Days” event it was planning to hold between 7 and 12 June 2021. Consultations with official bodies and due consideration of the ramifications of the global coronavirus epidemic that are still clearly evident prompted the decision that was taken last Friday. The so-called...
The ordinary shareholders meeting of Gefran, chaired by Maria Chiara Franceschetti, approved the group financial statements for the year 2020 and the Board’s proposal to distribute an ordinary dividend of 0.26 euros per entitled share before taxes. As for the performance of the parent company, Gefran, revenues reached...
