International news

Haitian celebrated the official groundbreaking in Shunde County, near Foshan City in Guangdong Province, for the construction of a Smart Factory for advanced component and machinery manufacturing. For Haitian, the ceremony marked the beginning of a new chapter in the smart...

On April 1, 2021, Covestro completed the acquisition of the RFM (Resins & Functional Materials) business from the Dutch company DSM. The transaction received regulatory approval after Covestro and DSM signed an acquisition agreement in late September 2020. The transaction substantially expands Covestro’s portfolio of sustainable coating...

Whether Shy Tech operation for the cars of the future, smart refrigerator fronts or robust yet elegant laptop finishing - plastic surfaces give many products the perfect finish. They offer the opportunity to combine design and smart features - and even backlighting effects. Constant innovation is required to ensure that both appearance and…

Is starting the new fiscal year 2021 with confidence, Lanxess: the specialty chemicals company expects that many of its customer industries will recover and therefore anticipates Ebitda pre exceptionals of between 900 million euro and 1 billion euro for the full year...

According to a current survey, the member companies of VDMA Plastics and Rubber Machinery expect the order situation and turnover volumes to show positive developments for this year. "In the second half of 2020, the demand for plastics and rubber machinery has clearly...

As of January 1, 2021, the Arburg subsidiary in Poland has a new Managing Director in the person of Konrad Szymczak. He succeeds Slawomir Sniady, who successfully established and expanded Arburg Polska and has now retired after 25 years. Poland is one of the most important and strongest markets in Europe for...

In the second half of 2020, the Wittmann Group has seen a more than positive development in its business in spite of the economic slowdown in the automotive sector and the restrictions due to Covid-19, and this trend is continuing in 2021. This development has paved the way for further investments...

With a press release issued in the latter days, EuPC, the association representing European plastics converters, expresses its concern about the impact that the shortage of raw materials is having on the production of plastic products in Europe. The European market for polymers has been under pressure for several months...

“In a challenging 2020 business year, Basf was able to close out the year on a strong note,” said Basf’s Chairman of the Board of Executive Directors, Martin Brudermüller, at the presentation of the Basf Report 2020. Income from operations (Ebit) before special items for the full year 2020 exceeded the company’s forecast released in...

Covestro saw a strong end to an exceptional year in 2020 and benefited, especially in the second half, from its consistent crisis prevention measures and a recovery in demand. Despite the very successful fourth quarter, the Group could not fully compensate the massive, pandemic-related cut-backs that arose in the first six months...

The Munich-based machinery manufacturer KraussMaffei Group is selling its subsidiary KraussMaffei Austria to the Austrian family-owned company Luger. There, it will continue to operate under the name KMAT Maschinen und Service. The eight employees of the former KraussMaffei Austria will continue to be employed. The transaction took effect on...

Solvay announced that it will devote a portion of the cash generated this year  - up to 16 million euros - to provide a special reward to all non-executive employees worldwide in recognition for their efforts throughout the Covid-19 pandemic. This special bonus comes on top of the group’s yearly bonuses and will be paid out before the year ends...

On the occasion of ST BlowMoulding’s 40th anniversary, its management team decided to dedicate a thought to those who took part in the company’s history, established in 1980. “It has been 40 years of goals, choices and sometimes daring changes, constant commitment and a lot of satisfaction. Special thanks go to those who have...