A new holding company, called Pegaso Industries, has recently been founded to allow the coordinated management of five companies that, in less than 25 years, have succeeded in conquering the plastic processing machinery market. Indeed, 1994 was the year that saw the start of a venture that today links these five companies: the historical brand Plastic Systems...
Grand groundbreaking ceremony of Wuxi Haitian’s new production base of middle to large injection moulding machines was held at the end of 2018. Zhang Jianfeng, President of Haitian Plastic Machinery Group, Suen Haojie, General Manager of Wuxi Haitian with nearly 200 staff representatives of Wuxi Haitian, and relevant department heads from...
With the unrelenting and extensive globalization of economy and the continuous adjustment of global industrial specialization, investment by countries including China in regions like Southeast Asia has been growing rapidly. In China, one of the largest manufacturing countries in the world, the central and western regions are under...
Eni and Adnoc signed on January 27 a share purchase agreement to enable Eni to acquire from Adnoc a 20% equity interest in Adnoc Refining. The signing of the agreement was witnessed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Giuseppe Conte, the Italian Prime Minister...
Digitalization is a key element of Basf’s new corporate strategy. The company has been addressing this topic for many years with great success. Since 2015, cross-divisional teams have explored the opportunities for the intelligent use of data and digital technologies, tested them in pilot projects and rolled them out in the company. Work in...
The CEO of Amut Group, Mauro Drappo, and the CEO of Bianna Recycling, Sala i Lladó, recently signed a cooperation agreement. It establishes a long-term partnership to join values and performances of the respective companies: Amut will distribute in exclusive in Italy the products of Bianna Recycling, which thus will set its presence in such a market...
After the peak recorded in 2017, boosting hopes among Italian manufacturers of plastics and rubber processing machinery, equipment, and moulds, sales of technology to Russia in the first three quarters of 2018 have turned out to be sluggish. Analyses of Istat foreign trade data by the Statistical Studies Centre of Amaplast...
A new partnership with the international industrial solution provider Rieckermann has been announced by Colines. The alliance will see Rieckermann representing Colines and providing after-sales service in six Asian countries: China, Thailand, Vietnam, Korea, Japan and the Philippines. The agreement, which commenced on January 1, 2019, aims to...
One of the Sun European Partners affiliates completed the sale of its investment in Elix Polymers, a leading manufacturer of ABS resins and derivatives in Europe, to Sinochem International for an enterprise value of 195 million euros. Elix was acquired by an affiliate of Sun European Partners in 2012. Since its acquisition...
Shoichi Ohira joined the management board of Sumitomo (SHI) Demag Plastics Machinery as COO (Chief Operation Officer) and Head of Production, effective 15 January 2019. Chief Collaboration Officer Hideki Kuroiwa will change into management and return to Japan shortly, where he will be responsible for Global Planning, and...
A global manufacturer of electronic instruments and electromechanical systems for industrial handling and automation, Ametek consolidates its activities in Italy opening a new plant in Peschiera Borromeo, near Milan. On December19, 2018 the chief executive officers of Ametek Italia and Ametek, a company of the Ametek Group, inaugurated the...
On January 1, 2019, a new subsidiary manager took over at Arburg's Italian subsidiary in Peschiera Borromeo: Raffaele Abbruzzetti was appointed to the role as the successor to Björn Norén, who retired from his position at Arburg at the end of 2018. In spite of his retirement, Björn Norén will continue to be involved with...
Sylvie Lemoine, Senior Government Affairs Manager with Dow, has been appointed Cefic’s Executive Director Product Stewardship effective immediately, as successor of Peter Smith, who has retired from Cefic. As Executive Director Product Stewardship, Sylvie will be responsible for the key chemical legislation topics, including...
Borealis announced the appointment of Lucrèce Foufopoulos to the Borealis Executive Board as Executive Vice President Polyolefins and Innovation and Technology, effective January 1, 2019. In this capacity, she succeeds Alfred Stern, who previously held this position and was appointed Borealis CEO in July 2018...
According to analyses by the Amaplast Statistical Studies Centre of Istat foreign trade data, imports increased by 11.4% and exports decreased by 0.6% in the period January-September 2018 with respect to the first three quarters of 2017. The strong growth in imports, while remaining in the double digits, slowed significantly compared to...
A specialist manufacturer of hot channel systems, Thermoplay, headquartered in Pont-Saint-Martin (Aosta, Italy) and member of the Barnes Group, incorporated HPE, its subsidiary also based in Pont-Saint-Martin, as well as Synventive Molding Solution, based in Milan, also belonging to the Barnes Group. As a result, following the reverse merger operation...
After three years of strenuous battle with acute myeloid leukemia, Bill Carteaux, Plastics Industry Association CEO, passed away on December 10. His family made the sad announcement. Carteaux, 59, has been leading the association since 2005, taking charge after a long...
Tobias Daniel has been appointed Vice President of Global Sales for the Injection Moulding Division at the engineering specialist KraussMaffei, effective December 1. As the new Vice President Global Sales, he will be responsible for incoming orders for new KraussMaffei and Netstal machines...
Marangoni and Borrachas Vipal have announced the definition of a partnership agreement aimed at increasing the synergies and productivity, strengthening the industrial and commercial organisation of both groups. This will lead to the creation of the largest global independent player in the tyre retreading Sector...
