International news

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...

Uniloy, a leading blow moulding machine and mould technology company serving the global plastics processing industry, is pleased to announce the acquisition of Century Die Company, of Fremont, Ohio. With the acquisition, Uniloy gains more than 70 years of expertise and a proven record of...

Songwon Industrial announced that the Italian Elena Scaltritti, Leader Group Commercial, will be leaving the organization to pursue another professional opportunity outside the Songwon Group. An executive committee member since April 2019, Elena Scaltritti has held various key...

Basf launches a new service offering, RegXcellence, for its plastic additives customers which enables targeted access to a range of global regulatory support. RegXcellence provides digital solutions and simplifies regulatory issue management with advisory support to accelerate innovation opportunities. Basf already offers...

The global leader in the chemical industry Sabic has signed an agreement to purchase Clariant’s 50% stake in specialties company Scientific Design, currently a 50/50 joint-venture with Sabic.  Subject to regulatory approval, expected in mid-2022, the transaction will give Sabic full ownership of Scientific Design, which is...

Engel Group board reshuffle on 1 February 2022. Gerhard Dimmler, previously Vice President Research and Development, is being appointed to the board as CTO. He is taking over the Development division from CEO Stefan Engleder and will also be responsible for digitalisation on top of this...

Borealis announced the appointment of Jürgen Artner as Operations Manager Polyolefins and Location Leader for Borealis in Schwechat (Austria), Monza (Italy) and Wildon (Austria), effective February 1, 2022. He succeeds Rudolf Sukal, who will retire mid-year. Jürgen Artner joined Borealis in 2000 and has held various positions since then, including…