To improve its response to the increasingly specific requests of international markets, Rivi Magnetics has established a new partnership with Inmet-BTH. Thanks to its technical and commercial know-how, the new partner will be able to offer both commercial support and technical and design support for the...
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...
Cannon Group announced the passing of Carlo Fiorentini on March 3, 2022, at the age of 91. Carlo Fiorentini was born in Bologna (Italy) in 1930 and graduated with a degree in industrial engineering chemistry at the prestigious university of his city. After gaining significant professional experience at Rhodiatoce and Grace, he was appointed...
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...
The Gefran Board of Directors examined the company’s preliminary results as of December 31, 2021. Revenues amounted to 160.2 million euros, an increase of 30.6 million euro (23.6%) over 2020 revenues of 129.6 million euro. The increase in revenues applied to all business sectors: sensors (+34.1%), thanks in particular to...
In order to expand its operations on European markets, Star Automation Europe, a manufacturer of robots and automation systems, recently entered an agency agreement with Green & Co, a Swedish company based in Anderstorp. Founded in 1946 by Thure Green, whose nephew Johan is still the owner and president...
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...
Among the main worldwide groups offering technologies for the processing of a wide range of materials and industrial components, and also owner of CMS, the SCM Group is taking on a new corporate organisation. With this operation, the company is preparing to the exit, from the corporate structure, 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...
Microban International, a pioneer in the development of antimicrobial product protection technologies, announced a new distributor agreement with Rifra Masterbatches, a global player in the production of tailor-made additives - such as colour or various complexes - used to process plastic products. The two companies share a...
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...
Colines has announced the appointment of Andrea Fanchini, who has recently joined the company, as new sales area manager. Andrea has over 15 years of experience in the field of extrusion, and he will be in charge of the following markets: China, Japan, Korea, Taiwan, Malesia, Indonesia, Singapore, Cambodia...
After Andrea Rigliano and Riccardo Castello, Syncro Group also welcomed Massimo Gomis as new sales manager of the group for the whole Italian market. Gomis brings his great experience in the plastic industry acquired since 1995 on both technical and sales positions...
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...
