International news

Following the signing of the purchase agreement on 6 February 2024, the sale of Netstal Maschinen from KraussMaffei Group to Krones was successfully completed on 28 March 2024. Krones has acquired Netstal Maschinen, based in Näfels, as well as Netstal Deutschland, a sales and service subsidiary based in...

Plasmatreat, a leading developer and manufacturer of atmospheric plasma systems for surface pretreatment, is expanding into Austria by founding Plasmatreat Austria. From Steyr, customers in the field of surface pretreatment will now receive even more personal and individual support. The new subsidiary will be managed by...

Icis, a global source of commodity intelligence, together with Plastics Recyclers Europe, Petcore Europe, Unesda Soft Drink Europe and Natural Mineral Waters Europe, launched the “State of Play 2024” study, offering a detailed examination of the PET market in Europe in 2022. The comprehensive study includes...

The Supervisory Board of Borealis and Thomas Gangl have come to a mutual agreement regarding a termination of Thomas Gangl mandate as CEO of Borealis, as well as the related employment contract effective 30 June 2024. Thomas Gangl started his career at OMV in 1998 as a...

In March 2024, Borealis is commemorating its thirtieth year of operations. Born of a merger between Statoil and Neste, the company has expanded from its early Nordic roots to become one of the world’s top ten polyolefins players and driver of industry change. Its dedication to value creation through...

Sabic welcomed queen consort of the Netherlands, Máxima Zorreguita Cerruti, to the Sabic and Plastic Energy advanced recycling unit and the Sabic-owned hydrotreater unit. The visit formed part of a broader working visit of the Queen to the Chemelot industrial site in Geleen, the Netherlands, to...

Within two weeks, starting with 73 signatures, over 500 industry leaders now rally in support of the Antwerp Declaration for a European industrial deal to complement the EU Green Deal and safeguard quality jobs across Europe. The growing signatories now span 20 sectors and represent the...

As part of a strategy to consolidate its position in the Surface Solutions sector, Oerlikon has announced that it will separate its Polymer Processing Solutions business. “In 2023, we managed short-term market headwinds and adverse currency effects and executed on our strategy”, said...

In a market environment shaped by economic uncertainty, Basf Group reported sales of 68.9 billion euros in the 2023 business year, compared with 87.3 billion euros in the previous year. This sales development was mainly driven by considerably lower prices and volumes...

Gerd Liebig announced that he is stepping down from the management board of Sumitomo (SHI) Demag on 31 August, 2024. After serving the injection moulding industry for 35 years, he will complete the planned company management transition, effective 1 September, 2024. In his nine years as Managing Director...

On the occasion of the annual press conference held in recent days, GKV (Gesamtverband Kunststoffverarbeitende Industrie), the German association of the plastics processing industry drew a mixed assessment of the past year. Over 2023, the plastics processing industry in Germany recorded...

LyondellBasell announced changes to its executive committee, which will be effective starting on March 1, 2024. Kimberly (Kim) Foley will assume the role of executive vice president, Global Olefins & Polyolefins (O&P), Refining and Supply Chain, and Aaron Ledet has been promoted to the role of executive vice president, Intermediates and…

Munich-based mechanical engineering group KraussMaffei is selling its Swiss subsidiary Netstal Maschinen to Krones, a long-standing Netstal customer that manufactures machines for filling and packaging beverages and liquid foods. The transaction having already been announced on 29 January, the purchase...

Davis-Standard, a global leader in the design and manufacturing of extrusion and converting technology, announced that it has completed the previously announced acquisition of Extrusion Technology Group (ETG). The acquisition includes three brands: battenfeld-cincinnati, exelliq, and Simplas. These additions...

Emmanuel Katrakis, who has served as EuRIC’s Secretary General since the association’s establishment in 2014, decided to step down as of March. Julia Blees, EuRIC’s Policy Director is poised to carry forward the association’s vision and mission, which is celebrating its momentous 10th anniversary this year...

In 2024, German mould-maker Hasco celebrates one hundred years of activity. German technological development in mould-making is closely associated with the name Hasco, founded in 1924 by Hugo Hasenclever, who produced the first tools for machining a then-new material: bakelite. The company's history...

Borealis announced the appointment of Mirjam Mayer, previously Vice President Polyolefins Transformation, as Vice President Circular Economy Solutions as of 1 January 2024. In this position, she will be overlooking and managing Borealis’ entire Circular Economy Solutions (CES) value chain...

Expected Basf Group sales for the full year 2023 of 68,902 million euros are below the range of 73 billion to 76 billion euros forecasted by the company and below average analyst estimates for 2023 (70,579 million euros). Sales in 2022 amounted to 87,327 million euros...

After the German law firm AndresPartner, advisor for the sale of Kautex Maschinenbau, announced in recent days the transfer of the company under the control of the German subsidiary of a Chinese investor without providing further details on the identity of the latter, the German manufacturer itself has now announced that...

The Supervisory Board of the KraussMaffei Group has reorganized the management of the Group. The previous Chairman of the Supervisory Board, Chi Zhang, has been appointed as the new CEO with effect from January 10, 2024. The previous CEO, Yong Li, will take on the newly created position of...