A leading global autonomous mobile robot (AMR) manufacturer with a broad portfolio across all major applications enabled by the company’s software suite, Asti Mobile Robotics Group will be acquired by ABB. This will expand ABB’s robotics and automation offering, making it the only company to offer a complete portfolio for...
The pan-European full-range supplier of servo-hydraulic and all-electric injection moulding machines, Ferromatik Milacron, announced the appointment of Peter Kochs as Director Sales and Business Development. Peter Kochs, 54 years old, previously held a senior position at Windsor for 12 years...
The Icis CEO of the Year Award will be presented to Martin Brudermüller, Chief Executive Officer of Basf, for outstanding achievement as voted on and recognised by his peers in the ICIS Top 40 Power Players. This prestigious global chemicals industry award will be presented to Brudermüller at the Icis Power Players Awards virtual event on...
The Engel live e-symposium 2021 on June 22, 23 and 24 was a massive success, attracting several thousand participants. In addition to an online conference, business talks and virtual plant tours, participants took the opportunity to exchange ideas in person in one-on-one meetings and explore the virtual showroom. The virtual platform made it...
Two polymer materials plants will be built by Repsol at its Sines Industrial Complex (Portugal), representing the largest industrial investment in Portugal in the last ten years, at 657 million euros. The new materials produced are 100% recyclable, like the rest of Repsol's polyolefins, and can be used for highly specialized applications aligned with...
With effect from July 1, the Reifenhäuser Group is merging its blown-film business units Reifenhäuser Blown Film and Reifenhäuser Blown Film Polyrema, which have so far operated independently, in order to cope with ongoing growth in this sector. This move consolidates the Group’s competencies even more than...
Covestro has restructured its organization effective July 1, 2021, and successfully reorganized its previously three segments - Polyurethanes, Polycarbonates, and Coatings, Adhesives, Specialties - into seven new, tailored business entities. The company has thus achieved a first milestone in implementing its new “Sustainable Future” strategy...
The Austrian company Schur Flexibles expands recyclable packaging innovations by acquiring Termoplast Italian company, specialising in recyclable films and one of the pioneers of sustainable film production in Europe. Termoplast 100% recyclable MDO-PE films offer excellent processing qualities for all...
The establishment of a digital solutions sales team sees the Engel Group bundle all sales activities for digital products and solutions from the inject 4.0 programme. Customers now have a central contact for all topics relating to the digitalisation of injection moulding production...
According to a contract signed by Basf and Vattenfal, the 49.5% of Vattenfall’s wind farm Hollandse Kust Zuid (HKZ) will be purchased by Basf. The purchase price amounts to 0.3 billion euros and takes into account the achieved status of the project. Including Basf’s contribution to fund the wind farm construction, Basf’s total commitment amounts to...
The global chemical and specialty materials company, Celanese, announced that it has acquired certain technology relating to the production of polyacetal (POM) products from Grupa Azoty of Tarnow, Poland, after its decision to discontinue its POM manufacturing. Celanese will take over all existing Tarnoform contracts in order to...
German manufacturers of plastics and rubber machinery can look back positively on 2020: a year marked by the coronavirus, and despite the exceptional overall situation. "After a difficult start, which was characterised by major challenges including a lockdown, incoming orders showed a rapid increase from the summer onwards", Ulrich Reifenhäuser...
Leading innovation service provider in the specialty chemicals and food ingredients industry, Azelis announced a new agreement with Röhm, global leading supplier of methacrylate chemicals. Building upon a partnership over the last ten years, this expansion awards Azelis more territories for the...
On June 21, shortly before the start of the live e-symposium 2021, Engel gave an optimistic outlook for the current fiscal year at its online press conference. “Our order books are as full as they last were in 2018”, reports CEO Stefan Engleder. The change came about in November 2020. Even demand from the automotive industry picked up again after two very difficult years...
The acquisition of the Italian company INglass and its innovative hot runner systems technology operating under its market-leading HRSflow business by Oerlikon has been successfully closed. The acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibres business...
Clariant has reached definitive agreements for the divestment of its Pigments business to a consortium of Heubach Group and SK Capital Partners at an Enterprise Value of 805 million to 855 million Swiss francs on a cash and debt free basis, depending on an earn-out payment of 50 million Swiss francs contingent on the 2021...
In its meeting today, the Supervisory Board of OMV Aktiengesellschaft appointed Alfred Stern as the new Chairman of the Executive Board and CEO of OMV. He will assume the position with effect from September 1, 2021 for a three-year period with an extension option for further two years subject to mutual consent. Alfred Stern is currently...
Solvay announced today that Carmelo Lo Faro, previously president of Solvay's composite materials business unit, is promoted to a new role as president of Solvay's materials segment, effective immediately. The materials segment includes both the specialty polymers and composite materials businesses and has been identified as the primary...
Leading global thermoplastics resin distributor and an affiliate of GPD Companies, Nexeo Plastics announced that it has acquired Nevicolor, a leading Italian distributor and compounder of thermoplastics. Terms of the transaction were not disclosed. A family-founded business based in Luzzara (Reggio Emilia, Italy) with broad geographic...
