PETpla.net Insider 07+08 / 2012

NEWS 7 Are your standard PET preform molds making you as much money as they should? Ask how MPET with iFlow technology improves production and achieves greater quality results. Innovation doesn’t happen in isolation. It happens when blue-sky thinking meets down to earth know- how and exceptional supply chain execution. The sort of innovation that Mold-Masters is known for, now applied to PET tooling for industry-leading results. Introducing MPET – the new PET preform tooling solution designed for the standards of tomorrow. Mold-Mastersand theMold-Masters logo are trademarksofMold-Masters (2007) Limited. © 2011Mold-Masters (2007) Limited.All rights reserved. Think about it. moldmasters.com/thinkaboutit info@moldmasters.com IVL reports increased Q1 sales and revenues Indorama Ventures Public Company Limited (IVL) saw sales volume of 1.2 million tonnes in Q1 2012, about 13% up from Q4 2011. The company said that this reflects re-stock- ing to meet consumer demand. Sales revenue of US$1.696 million was 21% higher than the previous quarter. Consoli- dated EBITDA for the quarter was 129% up on the previous quarter, at US$ 98 million, with core EBITDA 6% higher. Net profit of US$55 million, compared with a net loss of US$51 million in Q4 2011. PET sales revenue in Q1 2012 increased by 15% over Q4 2011 and 29% over Q1 2011, driven by the volume growth as acquisitions completed in Q1 2011 in China, Indonesia, Mexico, Poland, and USA were fully- integrated for the first time. IVL says that it expects greater operational improvements in the first half 2012 in Thailand and Indonesia, with operational improvements at the com- pany’s plant in China expected to lead to further revenue and earnings growth in 2012. The April 2012 restart of the company’s Lopburi site, hit by severe flooding in 2011, and the MEG acquisition in the USA, are expected to contribute significantly to 2012 performance. The acquisition of Poly- pet, in Indonesia is due to complete in Q2 2012 and to add to earnings in its first year of operations. www.indorama.net Husky growing in China Husky Injection Molding Systems has announced that it plans to establish a new manu- facturing facility in the region of Suzhou. A series of invest- ments are being made with the intention of strengthening local support, reducing lead times and providing more respon- sive reaction to the needs of its growing customer base in the country. The company recently signed an investment agreement with the Suzhou local government to purchase 53,000m² of greenfield land in the Suzhou New District, where it plans to establish a new manufacturing location that will increase local capacity, improve customer support and shorten lead times. The site is expected to be fully operational in 2014. Since first establishing a presence in 2004, Husky has more than doubled its footprint in the region and more than tri- pled its regional workforce. The Suzhou facility will complement Husky’s existing facilities, most notably the Shanghai Technical Center, which was opened in 2004 and has doubled in size since then. Husky has also recently invested in hot runner refurbishing, hot runner manu- facturing and mould conversion capacity. www.husky.ca PET planet insider Vol. 13 No. 07+08