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Arkema: Expansion project in Serquigny completed
15.02.2024 - The French chemicals group Arkema has completed the expansion of elastomer production at its plant in Serquigny. The company announced this in a press release recently. Accordingly, a new plant for the production of traditional elastomers of the "Pebax" brand and biocircular elastomers of the "Pebax...
Covestro: Pilot plant for bio-based aniline put into operation
15.02.2024 - Covestro is pressing ahead with the implementation of a new process to produce the chemical aniline entirely on the basis of plant biomass instead of petroleum for the first time. The plastics manufacturer has now commissioned a special pilot plant at its Leverkusen site for this purpose. Larger quantities...
Paques Biomaterials: Further financing round completed - Testing of technology for the production of PHA biopolymers
05.02.2024 - The Dutch technology company Paques Biomaterials has closed a financing round totalling 14 million euros. According to Paques' press release, investors included the investment agency Invest-NL and the regional development organisation NOM for the north of the Netherlands. The funds will be used to...
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...
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...
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...
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...
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...
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...
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...
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