International news

Specialty chemicals company Lanxess has completed the sale of its Urethane Systems business to Japanese UBE Corporation on 1 April 2025. The transaction had been announced in early October 2024. UBE is a global manufacturer of chemical products and listed at the Tokyo Stock Exchange...

Bain Capital, a private investment firm, completed the majority investment in Milacron and will partner with Milacron’s current owner, Hillenbrand, which will remain a significant investor in the business to ensure the company’s continued growth. Milacron has built a legacy over the past nearly...

The Austrian specialist in plastics recycling systems and components, Erema, has appointed a long-time employee as Global Sales Director: Christoph Wöss, previously Business Development Manager for the Bottle division, will take over the newly created position within the Erema management team on...

LyondellBasell signed an agreement with Nexeo Plastics, a global thermoplastics resin distributor, to distribute its engineered polymers portfolio, a part of the Advanced Polymer Solutions (APS) business, starting 1 April 2025. “Enlarging our partnership with Nexeo Plastics is an important step for LyondellBasell...

The European Plastics Converters (EuPC) is sounding the alarm over the European Commission’s proposed tariffs on plastic polymer imports from the US, calling them a direct threat to Europe’s plastics converting industry – and the 1.6 million jobs it supports...

Despite ongoing global economic uncertainties, Haitian International achieved in 2024 sales revenue of RMB 16,128.3 million, amounting to more than 2 billion euros, reflecting a 23.4% increase compared to the previous year. Haitian International’s strategic market positioning contributed to...

The Plastics Industry Association has released an analysis examining the potential impact of the European Union’s proposed retaliatory tariffs on the US plastics industry. In response to the 25% tariffs on steel and aluminum imposed by the US on 12 March 2025, the European Union has proposed...

Oerlikon HRSflow has appointed Thierry Fabozzi as the new General Manager of North America, effective March 2025. In this role, he will report directly to Oerlikon HRSflow CEO Andrea Peruch. As part of a structured succession plan developed in collaboration with Italo Bincoletto, Thierry Fabozzi will take...

Teppfa announced the appointment of Przemylsaw Hruszka as its new Technical Manager, effective March 2025. Przemylsaw Hruszka succeeded Peter Sejersen, who, after nearly a decade of dedicated service to Teppfa, has chosen to scale back his professional activities to...

Around 26 billion euros. This is the estimated value of the tariffs that the European Union will impose from 1 April as a trade countermeasure to those recently introduced by the Trump administration. The EU has planned a two-step response: from 1 April...

Mihai Dumitru has been Managing Director of Arburg Romania since January 2025. The 43-year-old sales expert aspires to take the subsidiary founded in Bucharest last spring to the next level in his large country. He has a team of ten experienced employees at his side. With his...

Engel is strengthening its market presence in the Americas with the grand opening of a new production facility in Querétaro, Mexico. This strategic step marks a substantial expansion of Engel’s regional manufacturing capabilities, aimed at providing faster delivery times and increased availability of...

The tariffs imposed by the Trump administration on a range of products from Canada, Mexico, China and Europe, which came into effect a few days ago, are causing concern at the Plastics Industry Association in the US because of the potential impact in terms of higher prices for raw materials, as well as...

In an open letter sent to European politicians in recent days, Sir Jim Ratcliffe, President and CEO of Ineos, warns of the possible “extinction” of the chemical industry in the Old Continent. The chemical industry in Europe has been hugely important to the success of the European economy over the last century...

Adnoc (Abu Dhabi National Oil Company) and OMV have signed an agreement to combine their respective stakes in Borealis and Borouge to create a new company, Borouge Group International, which will acquire Nova Chemicals Corporation for 13.4 billion dollars...

Kraton Corporation, a global producer of specialty polymers and high-value biobased products, announced the appointment of Prakash Kolluri as President of the Polymer Business. Kolluri’s leadership will drive Kraton’s continued growth, innovation, and expansion into high-value markets. Kolluri brings a...

Husky Technologies announced the appointment of Balaji Suresh to Chief Operations Officer (COO). With over two decades of experience in global manufacturing, supply chain, and operational leadership, Balaji Suresh brings a wealth of expertise to Husky at a pivotal moment in the company’s growth journey...

Illig packaging solutions has made a change in management with effect from 15 January 2025. Matthias Holder has taken over the dual position of Chief Sales Officer/Chief Technology Officer from Jürgen Lochner, who is leaving the Heilbronn-based company after several years to pursue new career opportunities...

The Chinese manufacturer of injection moulding machines Haitian has almost completed the construction of its new production site in Ruma, Serbia, which is expected to be finished by March 2025. Construction began with the laying of the foundation stone in 2023 and is currently on schedule...

On 5 February, the US company Hillenbrad entered into a definitive agreement to sell an ownership stake of approximately 51% in its Milacron injection moulding and extrusion business to an affiliate of Bain Capital for 287 million dollars. The Company will retain an ownership stake of approximately 49%...