With great sorrow and sadness Chen Hsong Holdings announced the passing away of founder and honourable chairman Chiang Chen on March 13, 2022, aged 100. Chiang was born in Heze City, Shandong Province, China to a poor family. Orphaned early, the young Chiang would...
The K trade fair is the most important trade fair for the plastics industry. Ensinger has long been one of the exhibitors presenting its portfolio every three years in Düsseldorf. Ensinger had also firmly planned to take part in the "K" (19-26 October) in 2022. Unfortunately, at this point in time, it cannot be ruled out that...
Injection moulding machine manufacturer Engel has acquired the majority interest in TMA Automation in Gdynia, Poland. This strategic investment sees Engel reinforce its leading position in the field of injection moulding process automation. "Engel has a strong presence in Eastern Europe, and with the acquisition of TMA is taking...
Solvay is deeply concerned by the dramatic humanitarian crisis that is unfolding as a result of the hostilities in Ukraine. In light of these events, Solvay has decided to suspend its operations and new investments in Russia. Further, Solvay will suspend dividend payments from Rusvinyl, an independent 50:50 joint venture in Russia...
Covestro had a successful fiscal year 2021. The Group benefited from strong global demand and buoyant earnings in the year as a whole. Core volumes sold increased by 10% year on year, mainly due to additional volumes from the Resins & Functional Materials (RFM) business acquired from DSM. In particular...
Basf Group significantly increased sales and earnings in the 2021 business year. “It was a strong and successful year for Basf,” said Chairman of the Board of Executive Directors, Martin Brudermüller. “We increased sales prices by 25% and volumes by 11%. All segments achieved price and volume growth in 2021,” said Brudermüller...
Uniloy, a leading blow moulding machine and mould technology company serving the global plastics processing industry, is pleased to announce the acquisition of Century Die Company, of Fremont, Ohio. With the acquisition, Uniloy gains more than 70 years of expertise and a proven record of...
The pandemic caused a slump in sales in 2020-2021, but Italian manufacturers of plastics and rubber processing machinery, equipment, and moulds - with some 170 united in the trade association Amaplast - continue to see Mexico as a primary destination. In the first nine months of 2021, exports exceeded...
DuPont announced it has entered into a definitive agreement with Celanese Corporation to divest a majority of the Mobility & Materials segment including the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines for 11 billion dollars in cash. Combined...
Basf launches a new service offering, RegXcellence, for its plastic additives customers which enables targeted access to a range of global regulatory support. RegXcellence provides digital solutions and simplifies regulatory issue management with advisory support to accelerate innovation opportunities. Basf already offers...
Songwon Industrial announced that the Italian Elena Scaltritti, Leader Group Commercial, will be leaving the organization to pursue another professional opportunity outside the Songwon Group. An executive committee member since April 2019, Elena Scaltritti has held various key...
Engel Group board reshuffle on 1 February 2022. Gerhard Dimmler, previously Vice President Research and Development, is being appointed to the board as CTO. He is taking over the Development division from CEO Stefan Engleder and will also be responsible for digitalisation on top of this...
The global leader in the chemical industry Sabic has signed an agreement to purchase Clariant’s 50% stake in specialties company Scientific Design, currently a 50/50 joint-venture with Sabic. Subject to regulatory approval, expected in mid-2022, the transaction will give Sabic full ownership of Scientific Design, which is...
Ensinger and Ineos Styrolution announced the joint agreement that Ensinger has acquired the StyLight thermoplastic composite materials business of Ineos Styrolution. The acquisition adds an exclusive SAN based product range to Ensinger’s comprehensive thermoplastic composite portfolio. SAN based products bring...
Borealis announced the appointment of Jürgen Artner as Operations Manager Polyolefins and Location Leader for Borealis in Schwechat (Austria), Monza (Italy) and Wildon (Austria), effective February 1, 2022. He succeeds Rudolf Sukal, who will retire mid-year. Jürgen Artner joined Borealis in 2000 and has held various positions since then, including...
The producer of thermoplastics and biopolymers, Benvic, has completed the acquisition of West Unity, Ohio-based Trinity Specialty Compounding from Ravago Americas, via Benvic’s US division Chemres, further strengthening its presence in the US market. Trinity is a custom compounder specializing in the compounding of...
Effective January 1, 2022, Dirk Langhammer has been appointed as Vice President Strategy and Group Development of Borealis. Dirk succeeds Tom Asselman, who will move to OMV in the role of Vice President Strategic Planning and Projects. Dirk Langhammer joins Borealis from OMV where he has held various positions since...
Plastics Industry Association (Plastics) announced the election of Tad McGwire as Chairman of the Board. McGwire is CEO and owner of Industrial Heater Corp, a recognized leader in the process heating industry, and brings nearly four decades of manufacturing experience to his new role....
The leading global producer of pigments, Heubach Group, and the private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, SK Capital Partners, announced the completion of the acquisition of Clariant’s global colourants business (Clariant Pigments). The combined business will operate under...
