PETpla.net Insider 10 / 2013

PET news 6 PET planet insider Vol. 14 No. 10/13 www.petpla.net Petainer buys Sipa XForm Petainer has continued its investment in its Lid- köping site with the purchase of a Sipa XForm 500 pre- form system. The new plant will enable the company to increase its production of preforms made with 50% R-PET material. The UK-based company has operations in Scan- dinavia, Czech Republic and Russia. Petainer and Sipa said that they are looking to build on their relationship with an ongoing focus on lightweight- ing, premium PET products and development of advanced solutions in commercial form. Both Petainer and Sipa were present at drinktec; Sipa is also exhibiting its XForm 150-300 at the K-show, Hall 13 B11. www.petainer.com www.sipa.it Americans buy in to Kreyenborg The Nordson Corporation, a mechanical engineering company based in Westlake, Ohio, USA, has acquired two of the five companies of the Kreyenborg Group. Jan-Udo Kreyenborg and Theodor Bruckmann, managing direc- tors, have sold their shares in Kreyenborg GmbH and BKG Bruckmann & Kreyenborg GmbH and retired from the management of the companies. Kreyenborg manufac- tures screen changers and melt filters; BKG offers special processing technology for production of high-quality plastic pellets. Business managers Jan Hendrik Ostgathe and Ralf Simon will undertake management duties after the change in ownership of the company. Kreyenborg says that realignment with a larger, global partner is necessary for long-term corporate security and to remain competi- tive. The employment situation of the companies’ staff will remain unchanged. The two companies’ production facili- ties, at Coermuehle and at Hessenweg, in Muenster, have been leased to Nordson for an initial term of years. Nordson was established in 1954. It has over 5,000 employees and annual turnover of $1.5 billion. www.kreyenborg.de Indorama reports record sales revenues Indorama Ventures Public Company Limited (IVL) has reported total sales revenue of US$ 1.9 billion in Q2 2013, a rise of 9% over the same period last year. Margin gains in Asia have rebounded over the past twelve months, with core EBITDA achieving $144m (Q1 2013: $93m) but still below Q2 2012’s $150m. This was ascribed to lower output at the company’s glycols site in the USA, which was undergoing a planned turnaround. Mr. Aloke Lohia, Group CEO of Indorama Ventures, welcomed the results as encouraging signs that the trough of the last two years is now coming to an end, and that IVL’s differentiation and low-cost strategy is now showing positive returns. Price volatility continues to be high. Paraxylene and MEG feed- stock prices dropped by 12% from Q1 to Q2, leading to an inventory loss of $38m. The PTA business is reported to have enjoyed moderate recovery, while margins in the HVA and PET businesses improved significantly. The Company’s North American businesses continues to out- perform other regions despite the planned overhaul of its glycols business. German affiliate Trevira achieved its first net profit under IVL’s stewardship in Q2. The second half of 2013 is expected to see continued growth as opera- tional excellence projects kick in and a new state-of-the- art polyester fibre facility in Indonesia commences opera- tion in Q4. This is expected to lower costs significantly. The company’s European business is currently under- going brownfield expansion of PTA capacity in Rotterdam and debottlenecking of its PET plant in Poland. The Board has recommended an interim dividend payment for the first half of 2013 of Baht 0.14 per share or $22million. www.indoramaventures.co m New Sales Director for PET Engineering PET Engineering has appointed Matthieu Tribot to the position of Sales Director. He will be responsible for expanding the sales of the company and for the promo- tion of the new products. PET Engineering has developed in recent years, such as the neck finish conversion service and the upgrading of old blowing machines through the Polaris Project. www.petengineering.co m