Order intake in the German plastics and rubber machinery industry in the first quarter of 2022 fell significantly compared to the same period last year (-27%). In the same period, turnover grew by only 3% compared to the previous-year period. On the one hand, this was down to a base effect, as the first quarter of last year was...
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...
LyondellBasell has made the decision to cease operations at its two office locations in Russia. As a result, the offices in Moscow and Togliatti have begun winding down operations. The offices were primarily involved in selling polymers from its O&P and APS businesses. Both offices employ a combined 18 employees...
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...
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...
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...
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
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...
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...
From May 2 to 6, 2022, Bühler ITW Test & Measurement will open the laboratory at its new European location in Leinfelden-Echterdingen. Conveniently located next to Stuttgart Airport and Stuttgart Trade Fair Centre, the company will be demonstrating its potential for solving specific tasks in quality assurance and materials science during...
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...
Nei giorni scorsi è mancato improvvisamente all’età di 84 anni Georg Wendelin, cofondatore di Erema, di cui era stato per lungo tempo managing partner e presidente del consiglio di sorveglianza. Nel 1983, quando il riciclo della plastica non era ancora un’annosa e delicata questione...
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...
The three large German plastics associations GKV Gesamtverband Kunststoffverarbeitende Industrie, Plastics Europe Deutschland and VDMA Fachverband Kunststoff- und Gummimaschinen have forged a unique alliance in the value chain to achieve greater sustainability - ecological, social and economic - by...
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...
LyondellBasell announced Peter Vanacker will assume his role as the company's chief executive officer on May 23, 2022. The company's Board of Directors appointed Vanacker to the position in December 2021. Vanacker brings more than...
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...
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...
With great sorrow and sadness Chen Hsong Holdings announced the passing away of founder and honourable chairman Chiang Chen on March 13, 2022, aged 100. Chiang was born in Heze City, Shandong Province, China to a poor family. Orphaned early, the young Chiang would...
