International news

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…

Ensinger and Ineos Styrolution announced the joint agreement that Ensinger has acquired the StyLight thermoplastic composite materials business of Ineos Styrolution. The acquisition adds an exclusive SAN based product range to Ensinger’s comprehensive thermoplastic composite portfolio. SAN based products bring...

Plastics Industry Association (Plastics) announced the election of Tad McGwire as Chairman of the Board. McGwire is CEO and owner of Industrial Heater Corp, a recognized leader in the process heating industry, and brings nearly four decades of manufacturing experience to his new role....

Effective January 1, 2022, Dirk Langhammer has been appointed as Vice President Strategy and Group Development of Borealis. Dirk succeeds Tom Asselman, who will move to OMV in the role of Vice President Strategic Planning and Projects. Dirk Langhammer joins Borealis from OMV where he has held various positions since...

The producer of thermoplastics and biopolymers, Benvic, has completed the acquisition of West Unity, Ohio-based Trinity Specialty Compounding from Ravago Americas, via Benvic’s US division Chemres, further strengthening its presence in the US market. Trinity is a custom compounder specializing in the compounding of...

The leading global producer of pigments, Heubach Group, and the private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, SK Capital Partners, announced the completion of the acquisition of Clariant’s global colourants business (Clariant Pigments). The combined business will operate under...

At the subsidiaries of the German Mahlo, two branch managers are celebrating anniversaries this year. Alan Lavore, CEO of Mahlo America, has been with the machine builder for 25 years. Michel Bruni, CEO of Mahlo Italia, has been part of the Mahlo family for 40 years...

2021 was an important year for WM Thermoforming Machines as it saw the celebrations of the 40th anniversary of the company. To mark this milestone, the Swiss company organized several activities, such as Synergizing Technologies, a series of livestream events hosted at WM Thermoforming Machines, each taking...

The Supervisory Board of the Rehau Group has appointed Uwe Böhlke as CEO of the newly formed Rehau Industries, which forms the umbrella for the divisions Building Solutions, Furniture Solutions, Industrial Solutions and Window Solutions as well as the cross-divisional services units. He will take over...

The Board of Directors of LyondellBasell has appointed Peter Vanacker, President and CEO of Neste Corporation, as its new Chief Executive Officer. Vanacker succeeds Bhavesh V. Patel, who will retire from the company on December 31, 2021, as previously announced...

At the 16th EuBP Conference, recently held in Berlin, European Bioplastics presented a very positive outlook of the global bioplastics industry. Production is set to more than triple over the next five years according to market data which was compiled in cooperation with the nova-Institute...