INDUSTRY NEWS
Overview: Industry News
RECYCLASS: Seven certification bodies across Europe join plastic packaging group
07/08/2020
RecyClass, a cross-industry initiative developed by Plastics Recyclers Europe, has welcomed its first group of certification bodies following the launch of two plastic packaging recyclability classifications earlier this year. Twenty ...POLYMATERIA: Investment firm ploughs EUR 14m into company developing biodegradation technology / Successful tests on plastic packaging
07/08/2020
Planet First Partners, which bills itself as an investor in companies developing sustainable technologies, has taken a minority stake in Polymateria. The latter has created a new masterbatch system which it says leads to complete ...IPL PLASTICS: Madison Dearborn to take over packaging company / Interest spurred by poor performance aggravated by Covid-19
07/08/2020
IPL Plastics has agreed to be acquired by US private equity group Madison Dearborn Partners in a deal that values the Canadian packaging company at CAD 555m on an equity basis. Madison Dearborn will pay CAD 10 per share, 26% lower than ...Trinseo: Price Increase for Polystyrene, Polycarbonate and Copolymers in Europe
07/08/2020
Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe recently announced a price increase for..HROMATKA: Acquisition of majority stake in Guzmán Polymers
07/08/2020
Spanish materials distributor Guzmán Global has sold a major stake in its Guzmán Polymers subsidiary to polymer distributor Hromatka Group, according to investment bank DC Advisory. The latter is acting as financial advisor to Guzmán. ...BASF: New pigments distribution centre to open in Germany in H1 2021
06/08/2020
BASF is building a distribution centre for its pigments business in Ladenburg / Germany. The new building, which is expected to be operational from spring 2021, will combine a central distribution structure with a distribution network ...4D MEDICINE: New UK start-up to commercialise PC-based resins used to 3D print scaffolds for tissue regrowth
06/08/2020
A UK start-up formed by the University of Warwick and the University of Birmingham has landed funding worth nearly GBP 500,000 to commercialise a new liquid resin which is expected to speed up recovery times for patients undergoing major ...LERG: Polish group takes over epoxy resin activities from Ciech
05/08/2020
For the equivalent of EUR 36m, polyester resin producer Lerg is taking over the epoxy resin division Ciech Żywice from Polish chemical group Ciech. Both companies recently signed a provisional agreement on the deal. Ciech ...SÜDPACK: Flexible packaging producer expands site in Poland
05/08/2020
German packaging manufacturer Südpack intends to further expand production capacities at its Polish site in Kłobuck, near Częstochowa. The groundbreaking ceremony for the extensive investment took place on 15 July 2020, but ...REYNOLDS: Is Graham Packaging poised for sale? / Packaging group urgently needs liquid funds
05/08/2020
Reynolds Group Holdings, the debt-ridden plastics and packaging empire bought up and put together by New Zealand billionaire Graeme Hart in the 2010s, evidently needs further funds urgently. Corporate bonds which as announced in July ...