Leading global thermoplastics resin distributor and an affiliate of GPD Companies, Nexeo Plastics announced that it has acquired Nevicolor, a leading Italian distributor and compounder of thermoplastics. Terms of the transaction were not disclosed. A family-founded business based in Luzzara (Reggio Emilia, Italy) with broad geographic...
At this year's General Assembly Meeting, the European Trade Association of PVC Window System Suppliers EPPA welcomed four new Board members and a new treasurer. Patrick Seitz was elected as new President and Carsten Heuer as Vice President. EPPA held its General Assembly in Mannheim, Germany. The event was...
With the planned acquisition of Agiplast, a leader in the regeneration of high performance polymers, in particular specialty polyamides and fluoropolymers, Arkema will be able to offer a full service to customers in terms of materials circularity, addressing growing market expectations in this field. This project, which contributes to the...
At the British Plastics Federation’s (BPF) second virtual annual general meeting, Karen Drinkwater, a founding director of JSC Rotational Limited, was elected as the trade association’s president. Due to the ongoing pandemic, the BPF’s annual general meeting could not be held in person for the second time in its history, with the...
True passion, real innovation, virtual experience: this is the motto under which injection moulding machine manufacturer and system solution provider Engel is inviting customers to the live e-symposium 2021 from 22 to 24 June. For the first time, Engel traditional in-house exhibition will be a virtual event, enabling even more...
Arburg is cancelling the “ 2021 Technology Days” event it was planning to hold between 7 and 12 June 2021. Consultations with official bodies and due consideration of the ramifications of the global coronavirus epidemic that are still clearly evident prompted the decision that was taken last Friday. The so-called...
“We were able to carry over the tailwinds from the strong fourth quarter of 2020 into the first quarter of 2021,” said Martin Brudermüller, Chairman of the Board of Executive Directors of Basf, expressing one of the core messages to shareholders at this year virtual annual shareholders meeting. “Basf had a strong start to the year 2021...
Covestro continues on its trajectory for increased growth. Demand has continued to rebound in the first quarter of 2021 and has led to a significant upturn in business performance. As a result, core volume growth was up 5.3% compared to last year’s first quarter. This is attributable mainly to a strong rebound in demand in the...
On April 9 and 12, 2021, graduation ceremonies were held at Arburg in Lossburg (Germany). As in the previous year, the event was split into four smaller events in line with coronavirus restrictions. All 59 former trainees and students of the Baden-Württemberg Cooperative State University were taken on as permanent employees...
On April 1, 2021, Covestro completed the acquisition of the RFM (Resins & Functional Materials) business from the Dutch company DSM. The transaction received regulatory approval after Covestro and DSM signed an acquisition agreement in late September 2020. The transaction substantially expands Covestro’s portfolio of sustainable coating...
Haitian celebrated the official groundbreaking in Shunde County, near Foshan City in Guangdong Province, for the construction of a Smart Factory for advanced component and machinery manufacturing. For Haitian, the ceremony marked the beginning of a new chapter in the smart...
As of April 2021, the machine and plant manufacturer Reifenhäuser has acquired a majority stake in Kdesign, a global leader in the manufacture of air cooling rings and measuring systems for blown film extrusion lines. With this purchase Reifenhäuser Group, a specialist in extrusion technologies, expands its in-house expertise in cooling...
Is starting the new fiscal year 2021 with confidence, Lanxess: the specialty chemicals company expects that many of its customer industries will recover and therefore anticipates Ebitda pre exceptionals of between 900 million euro and 1 billion euro for the full year...
In the second half of 2020, the Wittmann Group has seen a more than positive development in its business in spite of the economic slowdown in the automotive sector and the restrictions due to Covid-19, and this trend is continuing in 2021. This development has paved the way for further investments...
As of January 1, 2021, the Arburg subsidiary in Poland has a new Managing Director in the person of Konrad Szymczak. He succeeds Slawomir Sniady, who successfully established and expanded Arburg Polska and has now retired after 25 years. Poland is one of the most important and strongest markets in Europe for...
According to a current survey, the member companies of VDMA Plastics and Rubber Machinery expect the order situation and turnover volumes to show positive developments for this year. "In the second half of 2020, the demand for plastics and rubber machinery has clearly...
With a press release issued in the latter days, EuPC, the association representing European plastics converters, expresses its concern about the impact that the shortage of raw materials is having on the production of plastic products in Europe. The European market for polymers has been under pressure for several months...
The Munich-based machinery manufacturer KraussMaffei Group is selling its subsidiary KraussMaffei Austria to the Austrian family-owned company Luger. There, it will continue to operate under the name KMAT Maschinen und Service. The eight employees of the former KraussMaffei Austria will continue to be employed. The transaction took effect on...
Covestro saw a strong end to an exceptional year in 2020 and benefited, especially in the second half, from its consistent crisis prevention measures and a recovery in demand. Despite the very successful fourth quarter, the Group could not fully compensate the massive, pandemic-related cut-backs that arose in the first six months...
