On 2 December 2022, ABB officially opened its state-of-the-art, fully automated and flexible robotics factory in Kangqiao, Shanghai, China. The 67,000 m2 production and research facility represents a 150 million dollars investment by ABB and will deploy the company’s digital and automation technologies to manufacture...
November 29, 2022, marked the beginning of a new era for KraussMaffei: as planned, on this day the Group took delivery of the keys to its new plant and corporate headquarters in Parsdorf (Germany) from the project developer VGP. Not only does this mark the start of one of the largest relocation projects in the greater...
At its November 29 meeting, the KraussMaffei Group Supervisory Board acknowledged with approval CEO Michael Ruf's personal request not to extend his contract, which expires at the end of March 2023, and named Li Yong as his successor. Since 2018, KraussMaffei Group has been part of KraussMaffei Company Limited, a...
Songwon Industrial announced today that it has appointed Hans Werhonig as Leader Group Commercial and a member of Songwon’s Executive Committee from 1 December 2022. Reporting directly to the Group CEO, Werhonig will spearhead Songwon’s strategy and be responsible for the...
The packaging value chain expresses serious concerns about the European Commission suggested approach on the packaging and packaging waste regulation review, to be presented on 30 November. Over 60 associations from the packaging value chain have issued a joint industry statement to express...
An independently managed investment subsidiary of Investindustrial Growth III SCSp has signed multiple agreements to create Arterex - a global provider of diversified manufacturing solutions to the medical device, healthcare and life-sciences industries - through the acquisitions of Formula Plastics, Kabo, Luc & Bel and ModenPlast in...
Plastics Europe announces an increase of 20% in the use of recycled plastics in new products in 2021 compared to 2020, according to its “Plastics - The Facts 2022” annual report, presented at the K 2022 Show. Consequently, the rate of recycled content in plastics products has reached almost 10%. This step ahead demonstrates...
As part of the PolyVision Project launched in June 2022, EuPC starts to reorganize its structure in order to prepare the association for the future. EuPC will continue to support and represent the European plastics converting industry in this transition towards a full plastics circular economy. According to EuPC President Benoît Hennaut...
Perstorp announced that it has been acquired by Petronas Chemicals Group Berhad (PCG), Malaysia´s leading integrated chemicals provider and part of Petronas Group, on 11 October 2022. In May this year, PCG signed a Securities Purchase Agreement with Financière Forêt, a company under PAI Partners, a European...
The expected production value for plastics and rubber machinery in Europe in 2022 will be - as in 2021 - around 15 billion euros. Looking at the trend of the last twelve years, however, a steady growth in production can be observed. This is also reflected in the development of the global demand for plastics. For the period...
Several European plastics converters are at risk due to the high energy prices. EuPC, the European association representing processing companies, has sounded the alarm at the continental level. Converters like many other energy-intensive industries, are shocked by the dramatic...
At K 2022 Arburg is pursuing a clearly worded line of communication: "There is only a Plan A". "Plan A" conveys a commitment to making a contribution and presenting solutions for the important global issues of sustainability, the circular economy and CO2 reduction. With "Plan A", the Lossburg-based company is confirming...
In the fiscal year 2021, the Wittmann Group realized 376 million euros in sales, the third highest figure in its corporate history. The order intake figure even reached an all-time high. In spite of the supply chain problems preventing an even higher sales figure, the Wittmann Group is looking ahead with optimism. This optimism is also...
Starting July 1, 2022, Lizette Ruiz Guevara has been made responsible for global corporate communications and marketing at KraussMaffei. She reports to KraussMaffei Group CEO, Michael Ruf, and succeeds Marion Sommerwerck, who left KraussMaffei of her own volition in February 2022...
The founder of Toolplace, Christian Götze, earned his degree in mechanical engineering and business administration and then gained ten years of experience in product development and sales at GKTool, a Swiss high-tech toolmaker. Today, the 36-year-old wants to put his experience to good use...
European Bioplastics (EUBP), the association representing the interests of the bioplastics industry in Europe, has elected a new board. The EUBP leadership team will be headed by its new Chairperson, Stefan Barot (Biotec) and supported by the new Vice Chairpersons, Lars Börger (Neste) and Mariagiovanna Vetere (NatureWorks)...
Solvay has received a “Supplier of the Year” award from The Boeing Company. Solvay was selected alongside nine other companies for distinguished performance in working with Boeing. The supply chain visibility category recognized Solvay’s support of Boeing’s digital thread strategy by enabling real-time visibility across the supply chain...
Engel comes into business year 2022-2023 in good spirits, optimistic yet mindful of the prevailing conditions. Energy efficiency, digitalisation and the establishment of a circular economy are shaping the development priorities. The high level of innovative capacity is a key part of what makes the Engel Group so resilient...
The global purpose-led science-based company, DSM, announced that it has reached an agreement to sell its Engineering Materials business to Advent International and Lanxess for an enterprise value of 3.85 billion euros. The proposed transaction marks the conclusion of DSM’s review of strategic options for...
