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Overview: Industry News

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BERLIN PACKAGING: US group buys Irish packaging manufacturer Alpack

17.01.2024

US packaging group Berlin Packaging is expanding its business in Europe. The company has now acquired its significantly smaller competitor Alpack  for an undisclosed sum. Founded in 1988, the family business from Dublin manufactures ...
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KRAUSSMAFFEI: New CEO to get the German company back on track

17.01.2024

German plastics machinery maker KraussMaffei is getting a new CEO in Chi Zhang, the current chairman of the supervisory board. His predecessor Yong Li who was appointed only at the end of 2022 is to be demoted to chief administrative ...
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KAFRIT: Takeover of Canadian compounder pads N. American portfolio

17.01.2024

Israeli masterbatch producer and compounder Kafrit Industries has announced the acquisition of Canadas Absa Resin Technologies. Financial details were not disclosed. The takeover adds to Kafrits North American business, which includes ...
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NETHERLANDS: Arie de Jong appointed new head of Dutch association for plastic packaging

16.01.2024

Arie de Jong has been the managing director of the NRK Verpakkingen association since 1 January 2024. He succeeded Robert Loop at the industry association for plastic packaging, who is now devoting himself to other tasks. Loop had headed ...
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VICTREX: Weak demand depresses FY 2023 revenues / Demand in aerospace, automotive stable

16.01.2024

High performance polymer specialist Victrex said revenues in fiscal year to 30 September 2023 dropped 10% year-on-year to STG 307 mn on the back of an overall weak trading environment and particularly significant weakness in ...
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GLOBAL ECONOMY: German GDP contracts in 2023 / World Economic Forum survey forecasts weakness in Europe

16.01.2024

Growth in Europes largest economy declined in 2023, and prospects for the region this year have worsened drastically, according to a survey of economists conducted by the World Economic Forum Germanys national statistics office Destatis ...
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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..
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ALTANA: Acquisition of US colour specialist Silberline / Reinforcement for pigment manufacturer Eckart

16.01.2024

As a boost for German colour and pigment specialist Eckart, parent company Altana is acquiring Eckarts US competitor Silberline. The parties have agreed not to disclose the purchase price. No information was available as to when the ...
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INOVYN: PVC producer adds sustainable products

15.01.2024

European PVC market leader Ineos Inovyn has introduced two new ranges as part of its sustainable PVC product portfolio. The Neovyn range is designed to help converters reduce Scope 3 emissions. The company said it makes use of renewable ...
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CHINAPLAS: Plastics trade event returns to Shanghai after six years

15.01.2024

Despite a deflationary trend that threatens to stymie signs of Chinas economic recovery, the countrys indeed the worlds plastics industry is looking forward to Chinaplas, the behemoth of all trade shows, returning to Shanghai. The ...
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