“We were pleased with the development in the first quarter of 2018, we have had a good start to the year”, said Kurt Bock, chairman of the board of executive directors of Basf, commenting on the year-on-year rise in first-quarter earnings during the Basf annual shareholders’ meeting at Congress Center Rosengarten in Mannheim, Germany. At 2.5...
At Arburg, things are progressing at a fast pace: the Training Centre, for which the foundations began getting laid in 2017, is growing upwards on schedule. In Assembly Hall 22, opened in 2016, machines now stand in serried ranks and now Arburg is already announcing the start of its next big construction project. The construction of the new...
The leading provider of innovative solutions in the fields of polyolefins and base chemicals, Borealis, announces a net profit of 240 million euros for the first quarter of 2018, compared to 313 million euros in the same quarter of 2017. The strong result came in despite a full Borouge 2 turnaround and was driven by lower but still healthy European integrated...
Marangoni, a global leader in the tyre retreading industry and in the development of technologies and machinery for the production of new and retreaded tyres, is pleased to announce that it has entered into a strategic collaboration agreement with Directa Plus, a leading producer and supplier of graphene-based products for use in consumer and...
After fifteen months of construction, the new headquarters of Hekuma in Hallbergmoos, Germany, was completed on schedule - an important milestone in the history of the company. At the beginning of 2018 the time was right: Hekuma moved in its new headquarters and thus set an important milestone in the history of the company. The...
Recently 2-ethylhexanoic acid (2-EHA) has shown no adverse effects regarding reproduction at the highest dose tested in a study executed at the request of the European Chemicals Agency (ECHA). Because of earlier suspicions on reproductive toxicity, ECHA had 2-EHA listed in the Community Rolling Action Plan (CoRAP) as CMR...
With Don Ivey, a highly experienced injection moulding expert is taking the helm of Wintec sales in North America. This position was newly created after the injection moulding machine builder, part of the Engel Group and domiciled in Changzhou, China, decided to expand its sales into selected American markets as of May 2018. As the Director of Sales for North America, Don Ivey is responsible for...
The Supervisory Board of Covestro has agreed on an amicable retirement of Patrick Thomas’ tenure as chief executive officer (CEO) effective May 31, 2018, at the meeting of April 13. Patrick Thomas contract as CEO would have originally ended on September 30, 2018. Already in May 2017, Patrick Thomas had informed the Supervisory Board that he...
The Italian collective at the thirty-second Chinaplas (Shanghai, April 24-27), organized by Amaplast (Italian plastics and rubber processing machinery and moulds manufacturers’ association), includes some sixty Italian businesses occupying a space of approximately 2,000 square metres...
After more than 11 years as CEO of Borealis, Mark Garrett has decided to leave the company to pursue a new career path. The supervisory board of Borealis regrets but accepts this decision, recognising Garrett’s outstanding contribution to Borealis’ success. Executive vice president Alfred Stern, currently responsible for the Polyolefin Business and...
2017 turned out to be a record year for Basf Italia, as revealed by the financial results published by the company: its sales increased by 13% to 1,930 million euros (up from the 1,709 million recorded in 2016), and it thus recorded double-digit growth for the period. These great results were a result of significant growth in sales across most of the business...
For the fiscal year of 2017, Sumitomo (SHI) Demag with headquarters in Schwaig and production sites in Schwaig, Wiehe (Germany) and Ningbo (China) again reports a significant increase of sales and incoming orders. The successful launch of the specialist’s new generation of IntElect all-electric injection moulding machines and the positive...
Amaplast (Italian trade association, member of Confindustria, bringing together about 170 manufacturers of plastics and rubber processing machinery, equipment and moulds), through its Statistical Studies Centre, has completed its year-end balance sheet for 2017, incorporating foreign trade data from Istat (Italian Institute of Statistics)...
Specialty chemicals company Lanxess continues its profitable growth path. The company ended fiscal year 2017 with record earnings. Lanxess has also made a good start to the new year. Ebitda pre exceptionals rose by 29.6% in fiscal year 2017 to 1.29 billion euros, the highest result in the company’s history. In the previous year...
Huntsman Corporation announced the appointment of Daniele Ferrari as a new independent director to its board of directors effective March 7, 2018. The Huntsman board now comprises eight directors, seven of whom are independent directors. Daniele Ferrari serves as CEO of Versalis, a chemical manufacturer, and as chairman of...
Indorama Ventures, a global chemical producer, has announced that it has entered into an agreement to acquire M&G Polimeros Brazil in Ipojuca Brazil. The plant is the largest PET facility in Brazil, with capacity of 550,000 tonnes/annum. The transaction is expected to be completed in second quarter 2018, subject to regulatory approvals...
Solvay Specialty Polymers has agreed to sell its Porto Marghera (Venice, Italy) plant, which produces hydrofluoric acid, to Alkeemia, part of the Italian Fluorsid Group. The hydrofluoric acid is utilized by Solvay as a base chemical for the production of selected specialty polymers...
Already 2656 exhibitors from 54 countries and 126,585 square metres have been confirmed three months before the event. Expectations are growing for The Innovation Alliance, the new trade fair, which will take place from May 29 to June 1, 2018, at Fiera Milano. The event will include, for the first time, five events with linked by a common...
Frimo presents the EcoCut punching machine for trimming large and highly complex plastic components, such as instrument panels, door panels and armrests. This unit has been specifically designed for trimming in ram direction, as well as many other punching directions, and is ideal for large series production thanks to its high efficiency. The product...
