International news

The Supervisory Board of Covestro has unanimously appointed Monique Buch as company’s new Chief Commercial Officer (CCO). She is taking over from Sucheta Govil by 1 June 2025. Sucheta Govil has been Covestro CCO since 2019, and her two consecutive terms with...

The Engel Group subsidiary, TMA Automation, has begun construction of a modern office and production building in the immediate vicinity of Gdansk Airport in Poland. The background to the new building is the planned growth of TMA Automation: the workforce is to be doubled in the medium term, creating new...

The global chemical and specialty materials company, Celanese, announced that Scott Richardson, currently Celanese’s COO (Chief Operating Officer), has been appointed CEO (Chief Executive Officer) and will join the Company’s Board of Directors, effective January 1, 2025. Richardson will succeed...

The European Chemical Industry Council, Cefic, strongly welcomes the 6 December’s agreement to conclude the decades long negotiations of the EU-Mercosur agreement. The agreement marks a significant milestone in fostering free, fair, sustainable and resilient trade relations between...

The Engel Group has entered a strategic partnership with Electronica Plastic Machines (EPM), a renowned Indian manufacturer of hydraulic injection moulding machines. By acquiring a stake in EPM, the company becomes part of the Engel Group, creating opportunities for closer cooperation in the Indian market...

The restructuring plan of the German thermoforming equipment manufacturer Kiefel, part of the Brückner Group, announced a few days ago, is now being implemented with the reduction of around 100 jobs at its Freilassing site in Germany. A quarter of these positions will be affected by...

Cefic, the European federation of the chemical industry, welcomes the new European Commission with a clear and urgent message: Europe’s chemical industry is at a breaking point, and decisive action is needed now. Without bold measures, the industry that has long been a cornerstone of...

Through its start-up hub Greiner Innoventures, Greiner invested in the Italian start-up Movopack, that develops innovative and circular packaging solutions for e-commerce. The goal of the investment is to further expand mutual competences in reusable packaging, and thanks to it Movopack secured opportunities for...

Arburg has done it again in 2024 with another Gold Medal from Ecovadis. A great achievement, especially as the requirements have been raised again compared to the previous year. Scoring a total of 78 points, Arburg was able to secure a leading position among the top 5% of...

Starlinger took over the woven packaging division from German machinery producer Windmöller & Hölscher, based in Lengerich, Germany, as well as its Viennese subsidiary company W&H Machinery which specialises in woven packaging. With this acquisition, Starlinger further strengthens its...

Amcor and Berry Global Group announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all-stock transaction. In financial terms, Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in...

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...