The Piedmont-based manufacturer, Sandretto, currently present in 46 countries around the world from Europe to South America, the Middle East and Asia, is expanding its sales and customer assistance network to an additional 15 countries, including Great Britain, France, Mexico and Turkey. Its intention is to build a more diffused network in order to cover the...
Onex Corporation and its affiliates announced they have agreed to sell KraussMaffei Group to China National Chemical Corporation for a cash enterprise value of 925 million euros. The transaction is expected to close in the first half of 2016 subject to customary closing conditions. The Onex Group made a 276 million euros investment in KraussMaffei Group in...
The public area of the website www.assocomaplast.org has been renewed with graphics that recall the area reserved to the members of the Italian association of plastics and rubber processing machinery and ancillary equipment manufacturers. The different sections have been made more intuitive...
The analysis of Istat (the Italian institute of statistics) foreign trade data for the first three quarters of 2015 carried out by Assocomaplast (the Italian national trade association, member of Confindustria and numbering more than 160 associated companies) as compared to the same period in 2014 confirms the positive performance in both...
Effective December 17, Azelis Group and Koda Distribution Group announce that the deal to acquire US-based KDG, is complete and has now closed following regulatory clearance. As of today, KDG is Azelis Americas and is led by Frank Bergonzi, CEO and president of Azelis Americas, and a member of the Azelis board of directors...
On November 26, 2015 during the celebrations for the twentieth anniversary of the Italy’s National association for the technical, professional and specialist press (Anes), Promaplast (publisher of MacPlas) was awarded a prize along with other long-standing partners. Claudio Celata, the then CEO of Promaplast, had the foresight to become associated...
On December 11, 2015, the US-based leading companies Dow and DuPont announced the signing of an agreement giving birth to a giant worth 130 billion dollars, which will be named DowDuPont. During the 18-24 months following the closing of the merger, which is subject to regulatory approval and expected to be completed within the first half of...
The Tüyap Fair, Convention and Congress Center in Istanbul provided the setting, from 3 to 6 December, for the twenty-fifth Plast Eurasia exhibition, which is Turkey’s leading event for the plastic materials and rubber sector. According to recent data issued by Pagev (one of the two industry associations in Turkey...
During its meeting held on December 3 in Brussels, the Cecimo general assembly elected Luigi Galdabini as president of Cecimo (the European association of the machine tool industries) for a period of two years. Succeeding in this role Jean-Camille Uring, executive board member of Fives and president of Symop, Galdabini has been entrusted with...
The global market for plastics processing machinery has expected to advance 4.0 percent per year through 2019 to 35.8 billion dollars. Demand in many parts of the world will return to a more moderate pace of growth after a strong recovery from 2009 recessionary lows, although pent-up demand from the recession will continue to drive investments in...
In China, both import and local ABS markets have hit the lowest levels since the beginning of 2012, when ChemOrbis China ABS Price Index was first launched. New prices emerged with fresh declines for December driven by lower production costs in Asia with respect to a month ago. Players also blamed muted demand heading to the year-end amidst a...
An Italian tyre retreading specialist with worldwide operations, Marangoni has joined forces with GRP, a global Indian reclaimed rubber producer, to establish a joint venture in India for the retreading of tyres for commercial vehicles. The joint venture combines the two partners' strengths - Marangoni's retreading
Luigi Sorice is the new general manager for Sandretto. The parent company Photonike Capital made the announcement. Previously the marketing manager for the Pont Canavese (Turin, Italy) manufacturer, Luigi Sorice, who is replacing Massimo Postiglione, has many years of experience in companies and certified manufacturing...
Basf is expanding the compounding capacities for engineering plastics in Europe. Presumably from 2017 it will be possible to additionally produce up to 70,000 metric tons per year of Ultramid and Ultradur at the Schwarzheide site, Germany. Around 50 new jobs will be created. This is another step in the capacity expansions which...
ChemOrbis Europe Petrochemicals Conference was held in Amsterdam on November 26, 2015. Players from the plastic world including converters, distributors, traders, producers of polymers and other companies active in the sector discussed the latest market trends. Patrick Kirby from Wood Mackenzie opened the first session with his presentation titled...
Switzerland-based Maag increases its presence with the acquisition of US-based Reduction Engineering Scheer Industries. Reduction brings a new line of complementary products to Maag such as pulverizers and strand pelletizers, supporting such applications as glass filled polymer. This acquisition truly solidifies Maag’s position as a top global...
A well-known Italian manufacturer of corrugators and downstream equipment for plastic pipes based in Paderno Franciacorta (Brescia, Italy), Itib Machinery International has sold its stake in the controlled company Itib to Fortas, a German private equity company. The transaction, which took place at the end of April 2015, includes Itib’s...
Polymer markets have shown recently a high volatility combined, during the first part of 2015, to an extreme lack of supply in Europe despite a wave of new capacities being built in Middle East and in Far East. The revolutionary impact of American shale oil and shale gas seems to have come to an impasse after the oil prices dropped...
Alliances and partnerships between companies help boost production capacity and system efficiency, extend the commercial offering, enrich the expertise of individual enterprises, and help provide better coverage for industry markets. These are some of the arguments made at the Assocomaplast seminar held at Gefran’s premises on...
