International news

The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Martin Brudermüller, Chairman of the Board of Executive Directors of Basf, at the company’s virtual Annual Shareholders’ Meeting this year...

The Management Board of IMCD has decided to discontinue business in Russia and close its offices in Saint Petersburg and Moscow. This follows IMCD’s decision of early March to suspend import and export operations in Russia and scale down the local business due to increasing international sanctions...

Shareholders approved all the resolutions proposed by the Board of Management and Supervisory Board by the required majority at Covestro Annual General Meeting on April 21, 2022. The actions of Covestro’s Board of Management and Supervisory Board were ratified. As in the past two years, the Annual General Meeting was...

The association of European manufacturers of PVC films and sheets, Vinyl Films and Sheets Europe announced the composition of the new board for the next biennium 2022-2024. The structure of the Executive Committee was almost entirely reconfirmed. Stefano Mele (Gruppo Fabbri) is the newly elected president...

From May 2 to 6, 2022, Bühler ITW Test & Measurement will open the laboratory at its new European location in Leinfelden-Echterdingen. Conveniently located next to Stuttgart Airport and Stuttgart Trade Fair Centre, the company will be demonstrating its potential for solving specific tasks in quality assurance and materials science during...

Nei giorni scorsi è mancato improvvisamente all’età di 84 anni Georg Wendelin, cofondatore di Erema, di cui era stato per lungo tempo managing partner e presidente del consiglio di sorveglianza. Nel 1983, quando il riciclo della plastica non era ancora un’annosa e delicata questione...

LyondellBasell announced Peter Vanacker will assume his role as the company's chief executive officer on May 23, 2022. The company's Board of Directors appointed Vanacker to the position in December 2021. Vanacker brings more than...

Lanxess closed fiscal year 2021 successfully. Despite immense increases in energy, raw material and freight costs, the specialty chemicals company significantly improved its sales and earnings. Group sales amounted to 7557 billion euros in 2021, up 23.8% on the previous year’s figure of 6104 billion euros...

The three large German plastics associations GKV Gesamtverband Kunststoffverarbeitende Industrie, Plastics Europe Deutschland and VDMA Fachverband Kunststoff- und Gummimaschinen have forged a unique alliance in the value chain to achieve greater sustainability - ecological, social and economic - by...

On March 31, Tomra, the global provider of advanced collection and sorting systems, celebrated its 50th anniversary. “We live in a world that needs big transformation. We urgently need to improve sustainability, develop the circular economy, and make more efficient use of resources - challenges which Tomra’s solutions can...

With great sorrow and sadness Chen Hsong Holdings announced the passing away of founder and honourable chairman Chiang Chen on March 13, 2022, aged 100. Chiang was born in Heze City, Shandong Province, China to a poor family. Orphaned early, the young Chiang would...

Songwon Industrial announced that Dongbek Park was appointed as new outside Director of the Board of Directors at Songwon’s Annual General Shareholders’ Meeting held in Ulsan, Korea, on March 18, 2022. In its subsequent Board meeting, the Board of Directors appointed Dongbek Park as Songwon’s new Chairman of the Board...

Solvay announced it is reviewing plans to separate the company into two independent publicly traded companies: EssentialCo would comprise leading mono-technology businesses including soda ash, peroxides, silica and coatis, which are reported as the company’s chemicals segment, as well as the special chem business; these...

The K trade fair is the most important trade fair for the plastics industry. Ensinger has long been one of the exhibitors presenting its portfolio every three years in Düsseldorf. Ensinger had also firmly planned to take part in the "K" (19-26 October) in 2022. Unfortunately, at this point in time, it cannot be ruled out that...

Solvay is deeply concerned by the dramatic humanitarian crisis that is unfolding as a result of the hostilities in Ukraine. In light of these events, Solvay has decided to suspend its operations and new investments in Russia. Further, Solvay will suspend dividend payments from Rusvinyl, an independent 50:50 joint venture in Russia...

Injection moulding machine manufacturer Engel has acquired the majority interest in TMA Automation in Gdynia, Poland. This strategic investment sees Engel reinforce its leading position in the field of injection moulding process automation. "Engel has a strong presence in Eastern Europe, and with the acquisition of TMA is taking...

Basf Group significantly increased sales and earnings in the 2021 business year. “It was a strong and successful year for Basf,” said Chairman of the Board of Executive Directors, Martin Brudermüller. “We increased sales prices by 25% and volumes by 11%. All segments achieved price and volume growth in 2021,” said Brudermüller...

Covestro had a successful fiscal year 2021. The Group benefited from strong global demand and buoyant earnings in the year as a whole. Core volumes sold increased by 10% year on year, mainly due to additional volumes from the Resins & Functional Materials (RFM) business acquired from DSM. In particular...

DuPont announced it has entered into a definitive agreement with Celanese Corporation to divest a majority of the Mobility & Materials segment including the Engineering Polymers business line and select product lines within the Performance Resins and Advanced Solutions business lines for 11 billion dollars in cash. Combined...

The pandemic caused a slump in sales in 2020-2021, but Italian manufacturers of plastics and rubber processing machinery, equipment, and moulds - with some 170 united in the trade association Amaplast - continue to see Mexico as a primary destination. In the first nine months of 2021, exports exceeded...