Latest News

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...

Trinseo: Price Increase for Polystyrene and Copolymers in Europe

08.01.2024 - Trinseo, a specialty material solutions provider, and its affiliate companies in Europe recently announced a price increase for all polystyrene (PS), ABS and SAN grades. Effective January 1, 2024, or as existing contract terms allow, the contract and spot prices for the products listed below will increase...

Krahn Chemie: Expansion of distribution of BYK additives to Denmark

08.01.2024 - Krahn Chemie has been awarded the distribution rights of BYK-Chemie GmbH, a global supplier of speciality chemicals, in Denmark. The distribution agreement covers thermoplastic additives and additives for the PVC/artificial leather sector. By expanding the distribution business to the Danish market,...

BASF: Dr Markus Kamieth becomes new Chairman of the Board of Executive Directors

22.12.2023 - Dr Markus Kamieth (53) will become Chairman of the Board of Executive Directors of BASF SE at the end of the Annual Meeting on 25 April 2024. This was decided by the Supervisory Board at its meeting on 20 December 2023. Dr Markus Kamieth has been a member of the Board of Executive Directors of BASF...

Distrupol: British plastics distributor expands in Europe

22.12.2023 - The British plastics distributor Distrupol is continuing to expand in Europe. In a press release, the company announced the opening of new sales offices and warehouse capacities in Germany, France, Spain and Italy from 1 January 2024. According to information on the company's website, the German...

Miele: Construction of a new US plant in Alabama - production of cookers and ovens for North America to start at the end of 2024

22.12.2023 - In March, Miele announced plans to build an additional production facility in the USA. The exact location has now been finalised: the German family-owned company's first plant on the American continent will be built in Opelika in the US state of Alabama. Production is scheduled to start at the end of...

Norma Group: Acquisition of Italian Teco Srl - Expansion of water management business in Europe

21.12.2023 - Norma Group has today signed an agreement to acquire Italian irrigation products supplier Teco Srl ("Teco"). Teco specialises in irrigation products for the gardening, landscaping and agricultural sectors. The acquisition is expected to be completed in early 2024. The parties have agreed not to disclose...

Wittmann Battenfeld Germany: Andreas Schramm to become sole Managing Director

21.12.2023 - The Wittmann Group is reorganising its management in Germany. Wittmann Battenfeld Deutschland GmbH, with its two locations in Nuremberg and Meinerzhagen, will from now on be managed by Andreas Schramm as sole Managing Director. As the machine manufacturer further announces, Michael Tolz, previously...

Sumitomo Chemical: Pilot plant for propylene production from ethanol

20.12.2023 - Japan's Sumitomo Chemical is building a pilot plant for the production of propylene from ethanol. According to a press release, construction began at the end of October. The plant is being built at the company's Sodegaura site in Chiba Prefecture, east of Tokyo. Completion is expected in the first...

K.D. Feddersen: New PBT grades from Celanese

20.12.2023 - From January 2024, K.D. Feddersen Distribution in Europe is expanding its extensive range of PBT grades from Celanese with new grades for food applications, halogen-free flame retardancy and high CTI values. In addition, the distributor now offers a range of low warpage grades, including V-0 grades....

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