International news

A net income of 573 million dollars and Ebitda of 1.2 billion dollars for LyondellBasell in the third quarter of 2024. In North America, integrated polyethylene margins increased, driven by favorable ethane and natural gas costs coupled with higher polyethylene prices. September year-to-date market demand...

Plastics Europe’s latest data on the health of the European plastics system highlights a steeper-than-expected downturn in the production of plastics and, for the first time, in mechanically recycled plastics production in 2023 in Europe. Compared to 2022, total EU plastics production saw a sharp decline...

In recent days, Cefic (European Chemical Industry Council) announced the re-election of Ilham Kadri, CEO of Syensqo, as President for a new two-year term. Kadri will continue to lead Cefic's mission of fostering a sustainable and competitive chemical industry in Europe and beyond. “It is an honour to serve this...

Kiefel, a market leading company for thermoforming and joining technology and member of the Brückner Group, is announcing a structural reorientation and therefore an accompanying consolidation of its sites. In the future, Kiefel will focus increasingly in the packaging area on new...

Syensqo announced plans to adapt its organization to better meet the evolving needs of its customers and focus on projects that will accelerate growth. Following its split from Solvay at the end of 2023, the company has undertaken a comprehensive review of its structure and projects, to focus on...

Thanks to significantly higher contributions from the core businesses, Basf’S Ebitda before special items (income from operations before depreciation, amortization and special items) increased in the third quarter by 77 million euros compared to the same period last year, to 1.6 billion euros. “The positive...

In the third quarter of 2024, Covestro continued to increase its volumes sold, particularly in the EMLA and APAC regions. Compared to the same quarter of the previous year, Group sales remained stable at around 3.6 billion euros, as lower raw material prices led to lower selling price levels. Compared to the third quarter of...

Specialty chemicals company Lanxess signed a contract to sell its Urethane Systems business to Japanese UBE Corporation. The enterprise value amounts to 460 million euros with expected proceeds of around 500 million euros. With this transaction Lanxess exits the last remaining polymer business...

The plastics and rubber machinery industry continues to experience challenging times, with the latest figures for incoming orders and sales also being in line with the recent slump in demand. "We still have to wait a little longer for the turnaround", explaind Ulrich Reifenhäuser...

The polymer processor Renolit will have a new Chief Executive Officer as of January 1, 2025. After 16 years, Michael Kundel is handing over the chairmanship to Karsten Jänicke. In May 2025, Michael Kundel will take up a seat on the Supervisory Board of Renolit. Torsten Maschke will take over the...

Helmut Bacher, co-founder and former managing partner of Erema, Austrian plastics recycling machine manufacturer, died on 20 September at the age of 81. Together with Georg Wendelin and Helmuth Schulz, with whom he founded Erema in Linz in 1983, Helmut Bacher is regarded as one of the...

Husky announced that longtime company CEO John Galt will transition to the role of chairman and Husky COO Bradley Selleck will become CEO, effective October 1. The transition is the culmination of a carefully orchestrated plan focused on building a world-class management team, fostering and...

As of 30 September, Paolo Bochicchio will take over as managing director of EuPC (European Plastics Convrters), succeeding Bernard Merkx, who has held the position on an interim basis for around two years, after taking over from Alexandre Dangis at the beginning of 2023...

According to the German association of plastics producers, Plastics Europe Deutschland, in the second quarter of 2024 plastics production in Germany rose by 2.2% compared to the previous quarter and was thus above the previous year's level for the first time since the beginning of 2022...

On 2 September 2024, a total of 75 trainees and students from the Baden-Wuerttemberg Cooperative State University (DHBW) began their professional careers at Arburg. They were welcomed by Steffen Kroner, the new Managing Director Finance, Controlling, IT and HR Management, and by...

For the first time, two powerhouse organizations, Sabic's Functional Forms and Röhm’s Acrylic Products, have joined forces to form Polyvantis. The newly established entity offers comprehensive, multi-material and industry-leading product portfolio, unique technical knowledge, and application-based...

Henning Karbstein will be taking over the management of Kraiburg TPE for the North, Central and South America region as of 1 October 2024. He will be managing the operational business of the global TPE manufacturer from its US location in Buford, Georgia, and has already been receiving extensive training and...

Oerlikon appoints Markus Richter, currently Chief Financial Officer (CFO) of its Surface Solutions division, as the new Group CFO and a member of the Executive Committee, effective 1 October 2024. He will succeed Philipp Mueller. Until the planned separation of the...

As of July 1, Marcel Perrevort has been appointed Chief Sales Officer (CSO) of the Reifenhäuser Group. He succeeds Ulrich Reifenhäuser, who had been in this position for more than 25 years. With this decision, the family-owned machinery and plant manufacturer is consistently continuing the...

Market-leading company for thermoforming and joining technology and a member of the Brückner Group, Kiefel is undergoing a change in management: Matthias Sieverding, previously CEO and President of the Brückner Group’s USA platform company, succeeded Thomas Halletz as CEO of Kiefel on...