News for the plastics and rubber industry. Macplas

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Covestro completes acquisition of RFM business from DSM

On April 1, 2021, Covestro completed the acquisition of the RFM (Resins & Functional Materials) business from the Dutch company DSM. The transaction received regulatory approval after Covestro and DSM signed an acquisition agreement in late September 2020. The transaction substantially expands Covestro’s portfolio of sustainable coating...

Haitian Group starts construction of smart factory in South China

Haitian celebrated the official groundbreaking in Shunde County, near Foshan City in Guangdong Province, for the construction of a Smart Factory for advanced component and machinery manufacturing. For Haitian, the ceremony marked the beginning of a new chapter in the smart...

Reifenhäuser Group acquires air cooling ring specialist Kdesign

As of April 2021, the machine and plant manufacturer Reifenhäuser has acquired a majority stake in Kdesign, a global leader in the manufacture of air cooling rings and measuring systems for blown film extrusion lines. With this purchase Reifenhäuser Group, a specialist in extrusion technologies, expands its in-house expertise in cooling...

Lanxess makes a confident start to fiscal year 2021

Is starting the new fiscal year 2021 with confidence, Lanxess: the specialty chemicals company expects that many of its customer industries will recover and therefore anticipates Ebitda pre exceptionals of between 900 million euro and 1 billion euro for the full year...

Wittmann is looking ahead with optimism

In the second half of 2020, the Wittmann Group has seen a more than positive development in its business in spite of the economic slowdown in the automotive sector and the restrictions due to Covid-19, and this trend is continuing in 2021. This development has paved the way for further investments...

New managing director for Arburg Poland

As of January 1, 2021, the Arburg subsidiary in Poland has a new Managing Director in the person of Konrad Szymczak. He succeeds Slawomir Sniady, who successfully established and expanded Arburg Polska and has now retired after 25 years. Poland is one of the most important and strongest markets in Europe for...

German manufacturers expect an increase in orders and turnover in 2021

According to a current survey, the member companies of VDMA Plastics and Rubber Machinery expect the order situation and turnover volumes to show positive developments for this year. "In the second half of 2020, the demand for plastics and rubber machinery has clearly...

Concern about the shortage of raw materials is growing among European processors

With a press release issued in the latter days, EuPC, the association representing European plastics converters, expresses its concern about the impact that the shortage of raw materials is having on the production of plastic products in Europe. The European market for polymers has been under pressure for several months...

KraussMaffei Group sells KraussMaffei Austria to Luger

The Munich-based machinery manufacturer KraussMaffei Group is selling its subsidiary KraussMaffei Austria to the Austrian family-owned company Luger. There, it will continue to operate under the name KMAT Maschinen und Service. The eight employees of the former KraussMaffei Austria will continue to be employed. The transaction took effect on...

Covestro's 2020: core volumes and sales down despite a brilliant fourth quarter

Covestro saw a strong end to an exceptional year in 2020 and benefited, especially in the second half, from its consistent crisis prevention measures and a recovery in demand. Despite the very successful fourth quarter, the Group could not fully compensate the massive, pandemic-related cut-backs that arose in the first six months...

Basf reporting on the 2020 business year

“In a challenging 2020 business year, Basf was able to close out the year on a strong note,” said Basf’s Chairman of the Board of Executive Directors, Martin Brudermüller, at the presentation of the Basf Report 2020. Income from operations (Ebit) before special items for the full year 2020 exceeded the company’s forecast released in...

Solvay to award special bonus to employees for efforts during Covid-19

Solvay announced that it will devote a portion of the cash generated this year  - up to 16 million euros - to provide a special reward to all non-executive employees worldwide in recognition for their efforts throughout the Covid-19 pandemic. This special bonus comes on top of the group’s yearly bonuses and will be paid out before the year ends...

Celebrating 40 years with ST BlowMoulding

On the occasion of ST BlowMoulding’s 40th anniversary, its management team decided to dedicate a thought to those who took part in the company’s history, established in 1980. “It has been 40 years of goals, choices and sometimes daring changes, constant commitment and a lot of satisfaction. Special thanks go to those who have...