PETpla.net Insider 04/ 2013

NEWS 10 PET planet insider Vol. 14 No. 04/13 www.petpla.net BERICAP the plastic closure company committed to your success www.bericap.com Research and Development Developing closure solutions to meet your specific requirements Mould Technology A detailed understanding of mould design with in-house mould making facilities in Hungary and Germany Global Presence Local production in 21 strategically located factories. An on-going strategy of stregthening our global presence Capping Technology and Know-How Special advice on capping technology with on-going technical support Innovation and Flexibility Our broad range of plastic closures is the basis for generating new innovation. Our expertise covers aseptic, hot fill, barrier, anti-counter- feiting TE-systems, consumer convenience and child resistance Extricom: solid start to 2013 PET recycling plant manufacturer Extricom GmbH, of Lauffen am Neckar, Germany, started 2013 with orders in place for 400,000t/a of recycling capacity. Once installed, the plants will use ringextruder technology to turn postconsumer PET flakes into FDA and EFSA-compliant pellets. The company also reported strong demand for bottle-to-bottle PET recycling plants; a segment it currently serves this segment with standard plant capacities of up to 4200kg/h or 100t/ day. Existing orders means that Extricom will be supplying plants to customers in Europe, Asia and South America during 2013. In Belgium, engineering company Uhde Inventa-Fischer’s Melt-To-Resin (MTR) plant in Geel, Belgium, includes a continuous Flakes-To-Resin (FTR) recycling line with a capacity of 54,000t/a and will add a portion of rPET flakes straight to a virgin PET reactor. www.extricom.de IVL reports solid 2012, growth in 2013. Indorama Ventures Public Company Limited (IVL) has reported that its 2012 revenues amounted to US$ 6.78 billion in 2012; a rise of US$ 678 m over 2011. 2012’s EBITDA is reported as US$ 453 million; consolidated net profit after tax and minority was US$ 148 million; consolidated operating cash flow was US$ 471 million; and consolidated return on average net operating capital employed was 7%. Consolidated EBITDA declined by 19%, which the company ascribed to con- tinuing oversupply of PTA in Asia and weakness in the commodity polyester value chain. IVL generated US$ 471 million of net cash flow from operations in 2012, compared to US$ 334 million in 2011. Net operating cash flow grew in line with investments. IVL says that operational improvements, a brownfield PET capac- ity addition at Rotterdam, the acquisition of FiberVisions’ global hygiene business and the addition of the Indorama Ventures (Oxide and Glycols) business in North America have potentially offset weak polyester chain margins in Asia. The Com- pany has recommended a final dividend of THB 0.18 for 2012, making THB 0.36 for the full year. IVL expects revenues and EBITDA to grow in 2013 by 19% and 27%, respectively. www.indorama.net New CFO for Husky Husky Injection Molding Systems has announced the appointment of Mark Segal to the position of Vice President, Finance and Chief Financial Officer. Prior to joining Husky, he was Chief Operating Officer of outdoor clothing manufacturer Canada Goose Inc. He has also served as Chief Financial Officer of Spin Master Ltd. and as Vice President, Corporate Treasurer of Norigen Inc. He was previ- ously with Husky as Director, Treasury and Finance from 1997 to 2000. Mr. Segal officially joined Husky on March 4, 2013, replacing George Halatsis, who retired as CFO at the end of 2012 and has joined Husky’s Board of Directors. www.husky.ca