International news

On first August the acquisition of Illig by the German financial investor Orlando Capital was completed. Following the signing on July 17, the agreement on the transfer of the company to Illig Packaging Solutions became formally effective on 31 July. The new Illig Packaging Solutions took over all...

Icis announced Thierry Le Henaff, chairman and CEO of France-based Arkema, as the winner of the 2024 Icis CEO of the Year Award for outstanding achievement. The Icis CEO of the Year Award is unique in the chemical industry as the winner is selected based on a vote among industry CEOs in the Icis Top 40 Power Players...

The European Investment Bank (EIB) and Prysmian, world leader in the power and telecom cables sector, have signed a new, 450 million euros finance contract to facilitate electricity transmission and distribution in Europe. With a view to meeting the growing demand for renewable energy in general and offshore wind in particular...

Machinery manufacturer Windmöller & Hölscher marked a significant milestone on the last days, with the groundbreaking of a major expansion at its North American headquarters in Lincoln, Rhode Island. “Our investment in this expansion reflects our commitment to enhancing service capabilities and...

Illig, the German specialist for thermoforming and packaging systems, will successfully complete the equity capitalization and restructuring process initiated at the end of 2023 with the entry of the German financial investor Orlando Capital. The experienced German investor, focusing on...

Robert Schad, founder of Husky Injection Molding System, a global manufacturer of injection moulding machines, moulds and hot runner systems, has died in Toronto, Canada, at the age of 95. Born in Germany, he emigrated to Canada in 1951 after studying mechanical engineering and founded Husky in...

Plastics processor Ensinger is expanding its top management. On 1 July, Björn Schneekloth joined the family-owned company as a Managing Director. Together with the two long-standing Managing Directors Roland Reber and Ralph Pernizsak, he will be responsible for both Ensinger and the Ensinger Group...

With the establishment of its own subsidiary in Romania in April 2024, Arburg has taken another important step in further increasing its local presence in the emergent economic region of Southeastern Europe. The new subsidiary is based in Bucharest and is headed up by Interim Managing Director Daniel Orel, who...

Kraiburg TPE, a global competence leader in thermoplastic elastomers, announced the official opening of its subsidiary, Kraiburg TPE UK. This strategic move underscores the company’s commitment to serving the important UK market directly. It marks a pivotal milestone in the company's development to further enhance local customer services...

The Supervisory Board of Borealis announced Stefan Doboczky as the new CEO of Borealis, effective July 1. The new CEO career started in 1992, culminating in executive board and CEO positions at listed chemicals companies internationally. He held a position on the OMV Supervisory Board since...

Effective 1 June Netstal appointed Nadeem Amin as its new President for the Americas Region. He will report directly to Netstal CEO Renzo Davatz. Nadeem Amin joins Netstal with over 30 years of experience in collaborating with customers in the plastics industry. After 25 years in various roles...

DuPont announced a plan to separate into three distinct, publicly traded companies. Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders with New DuPont continuing as a premier diversified industrial company following...

At its Annual General Meeting on 16 May 2024, members of the British Plastic Federation’s council re-elected existing president Nigel Flowers for a further year and elected a new vice president: Chief Executive of Rehau UK and Ireland and Scandinavia, Martin Hitchin. Commenting on...

During NPE 2024, Uniloy, a leading global provider of blow moulding machines and related services, has entered into a groundbreaking collaboration agreement with Baumüller, a renowned drive and automation technology pioneer. This strategic partnership marks a significant...

According to the already known expansion plans in Mexico, Engel together with Queretaro Government announced its investment in the region during a meeting at the Mexican Embassy in Vienna (Austria). Following its company philosophy, “Close to the customer,” European injection moulding manufacturer...

Ilham Kadri, CEO of Syensqo, has been elected Cefic President, succeeding Martin Brudermueller. Ilham Kadri is one of Europe’s most prominent and well-known business leaders. She holds a degree in chemical engineering from L’École des Hauts Polymères in Strasbourg, and a PhD in macromolecular physico-chemistry from...

Positioning the company to lead its response to future technological developments, Sumitomo (SHI) Demag has appointed experienced processing and machinery expert Martin Pütz as its Senior Director Technology. As respected IKV (Institute for Plastics Processing) mechanical engineering academic...

Jan Karnath, 39 years old, a nephew of Bernd Reifenhäuser (CEO) and Ulrich Reifenhäuser (CSO), is the first representative of the fourth generation to join the operational business of the Reifenhäuser Group. His start paves the way for the continuous development of the family business and...

The Heilbronn-based mechanical engineering company Illig is continuing its equity capitalization and restructuring process as part of its self-administered restructuring proceedings (equal to a chapter 11 according to the US law). The Heilbronn Local Court today accepted the company's filing. The self-administration will be led by...

EPPA, the European trade association of PVC window system suppliers, announced the appointment of Elena Vyboldina as its new Managing Director, effective from 1 April. With a background in law and economics and thanks to her extensive management skills, her broad advocacy experience and a...