Latest News

Krones: Acquisition of Netstal in preparation - Expansion of the product portfolio to include injection moulding technology

29.01.2024 - Krones is about to finalise the acquisition of 100 percent of the shares in Netstal Maschinen AG (Netstal) from KraussMaffei. Netstal, based in Näfels, Switzerland, is a leading supplier of injection moulding machines for the beverage market (PET preforms and closures) as well as for medical applications...

Trinseo: Price Increase for Polycarbonate in Europe

26.01.2024 - Trinseo, a specialty material solutions provider, and its affiliate companies in Europe announced today a price increase for all polycarbonate (PC) grades. Effective February 1, 2024, or as existing contract terms allow, the prices for the products listed below will increase as follows: "Calibre"...

LyondellBasell: Agreement to Acquire 35 percent of Saudi Arabia-based Natpet - Expansion of PP core business

25.01.2024 - LyondellBasell (LYB) recently announced it entered into an agreement to acquire a 35 percent interest in Saudi Arabia–based National Petrochemical Industrial Company (Natpet) from Alujain Corporation (Alujain) for approximately $500 million. Enabled by its Spheripol polypropylene (PP) technology, the...

Scott Bader: British company modernises main plant in England

23.01.2024 - The British plastics company Scott Bader is planning to modernise its main plant in Wollaston near Northampton. According to a press release, a total of GBP 30 million (EUR 35 million) is to be invested at the site in central England over the next five years. GBP 8 million (EUR 9.3 million) has...

Lummus Technology: Investment in pyrolysis start-up Resynergi

22.01.2024 - US-based Lummus Technology is participating as an investor in the financing of the technology company Resynergi. In a press release, Lummus announced a major investment in Resynergi without going into details of the financial commitment. However, Resynergi announced in a press release the closing...

Songwon: Price increase and freight surcharge for Polymer Stabilizers and Coatings

19.01.2024 - Songwon Industrial Co., Ltd. announced today that it is implementing a price increase and adding a freight surcharge on its Polymer Stabilizers and Coatings products in response to the impacts on costs and lead times caused by the current global logistics situation. The price increase will be implemented...

Wittmann: Establishment of a branch in Vietnam

19.01.2024 - The Wittmann Group, headquartered in Austria, is strengthening its market presence in Southeast Asia by establishing its own sales and service branch in Vietnam. "Vietnam is becoming increasingly important as a production location for the injection moulding industry," emphasises Michael Wittmann,...

Hellweg Maschinenbau: Flexal is new sales partner for high-performance granulators in Poland

19.01.2024 - The Flexal Group Sp. z o. o., Posnan, is now a sales partner of Hellweg Maschinenbau in Poland. The company will be responsible for sales, service and technical advice for Hellweg's complete range of granulators. As a distributor of leading global manufacturers of machines for thermoplastic and rubber...

Tanrıkulu: Turkish plastics recycler enters the PET bottle-to-bottle market - New line from Starlinger

18.01.2024 - The plastics recycler Tanrıkulu, based near Istanbul, Turkey, has commissioned its new Starlinger "recoStar PET 215 iV+" bottle-to-bottle recycling system in the last quarter of 2023. According to the machine manufacturer, the PET bottle-to-bottle system is the second plastic recycling system...

EQT: Swedish investor takes over plastics processor Zeus

16.01.2024 - The Swedish investment company EQT is taking over the US plastics processor Zeus Company. In a press release at the end of December, EQT announced the signing of a corresponding agreement. Accordingly, the EQT X fund is acquiring the Zeus shares from the Tourville family of entrepreneurs. The transaction...

Ineos: New environmental licence for "Project One"

15.01.2024 - The British chemicals group Ineos has received a new environmental permit from the government of the Belgian region of Flanders for the construction of the "Project One" olefin complex in the port of Antwerp. The company recently announced this in a press release. As reported by Belgian media with...

Myplas: South Africans launch recycling plant in Minnesota

12.01.2024 - The South African recycling company Myplas commissioned a new plastics recycling plant in the US state of Minnesota in December. According to a press release from subsidiary Myplas USA, the plant was built at the Rogers site near Minneapolis. In the long term, the complex will have the capacity...

CiTex Holding: Acquisition of Pixargus

12.01.2024 - CiTex Holding GmbH today announced the acquisition of Pixargus GmbH, based in Würselen, Germany. The company has been offering inline quality control for extrusion products for 20 years and uses unique image processing technology to detect and document defects and material changes as part of automated...

Trioworld: Swedes acquire Wentus

08.01.2024 - The Trioworld Group signed an agreement on 30 December 2023 to acquire Wentus GmbH, a provider of solutions for high-performance food, consumer and hygiene packaging, from the Egeria Group. "We are very pleased to welcome Wentus to the Trioworld Group. The acquisition will give us the opportunity...

APK: Start of construction on second "Newcycling" plant planned for 2024

08.01.2024 - The German company APK is planning to start construction work in the new year on its second plant for recycling plastic waste using the "Newcycling" process developed by the company itself. The company recently announced this in a press release after the project was certified by TÜV Rheinland in...

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