International news

  • 11 May 2022

    Maag Group acquires AMN DPI

    Maag Group has acquired the French tool manufacturer AMN DPI. Maag is thus consistently continuing its path as an integrated supplier for systems in the plastics industry from extruder tip. Founded in 1979 and based in Normandy, AMN, a developer and manufacturer of polymer...
  • 04 May 2022

    In Kentucky, Netstal subsidiary for the US and Canadian markets

    The recently established US subsidiary of Netstal Maschinen, Netstal Inc., moved into its new headquarter. Based in Hebron, Kentucky (United States), the team led by new president Doug Haberman will provide comprehensive support to customers from the US and Canada, and continue to expand North American business...
  • 03 May 2022

    New CEO and COO for Plastics Industry Association

    The Plastics Industry Association (Plastics) Board of Directors voted to appoint Matt Seaholm to the position of Chief Executive Officer and Glenn Anderson to the position of Chief Operating Officer. “We are incredibly excited to elevate both of these gentlemen to lead this organization into
  • 03 May 2022

    The plastics circular economy situation in Europe

    The European association of plastics manufacturers, Plastics Europe launched the second edition of the “Circular Economy for Plastics - A European Overview”, a detailed report of plastics flows related to production, conversion, consumption, waste management, recycling, and use of recycled plastics in Europe in 2020...
  • 03 May 2022

    The first three months of Basf in 2022

    The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Martin Brudermüller, Chairman of the Board of Executive Directors of Basf, at the company’s virtual Annual Shareholders’ Meeting this year...
  • 03 May 2022

    IMCD stops its business in Russia

    The Management Board of IMCD has decided to discontinue business in Russia and close its offices in Saint Petersburg and Moscow. This follows IMCD’s decision of early March to suspend import and export operations in Russia and scale down the local business due to increasing international sanctions...
  • 27 April 2022

    Covestro pushes on circular economy and carbon neutrality

    Shareholders approved all the resolutions proposed by the Board of Management and Supervisory Board by the required majority at Covestro Annual General Meeting on April 21, 2022. The actions of Covestro’s Board of Management and Supervisory Board were ratified. As in the past two years, the Annual General Meeting was...
  • 20 April 2022

    VFSE renewed the top management and elected Mele as president

    The association of European manufacturers of PVC films and sheets, Vinyl Films and Sheets Europe announced the composition of the new board for the next biennium 2022-2024. The structure of the Executive Committee was almost entirely reconfirmed. Stefano Mele (Gruppo Fabbri) is the newly elected president...
  • 06 April 2022

    Lanxess increases sales and earnings in 2021

    Lanxess closed fiscal year 2021 successfully. Despite immense increases in energy, raw material and freight costs, the specialty chemicals company significantly improved its sales and earnings. Group sales amounted to 7557 billion euros in 2021, up 23.8% on the previous year’s figure of 6104 billion euros...
  • 06 April 2022

    Tomra celebrates fifty years and aims for a world without waste

    On March 31, Tomra, the global provider of advanced collection and sorting systems, celebrated its 50th anniversary. “We live in a world that needs big transformation. We urgently need to improve sustainability, develop the circular economy, and make more efficient use of resources - challenges which Tomra’s solutions can...
  • 23 March 2022

    Songwon's board of directors has a new president

    Songwon Industrial announced that Dongbek Park was appointed as new outside Director of the Board of Directors at Songwon’s Annual General Shareholders’ Meeting held in Ulsan, Korea, on March 18, 2022. In its subsequent Board meeting, the Board of Directors appointed Dongbek Park as Songwon’s new Chairman of the Board...
  • 23 March 2022

    Solvay towards separation into two independent companies

    Solvay announced it is reviewing plans to separate the company into two independent publicly traded companies: EssentialCo would comprise leading mono-technology businesses including soda ash, peroxides, silica and coatis, which are reported as the company’s chemicals segment, as well as the special chem business; these...
  • 08 March 2022

    Solvay to suspend operations in Russia

    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...
  • 08 March 2022

    Engel acquires TMA Automation and strengthens itself in automation

    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...