PETpla.net Insider 01+02 / 2015

NEWS 8 PET planet insider Vol. 16 No. 01+02/15 www.petpla.net Corvaglia Group: Romeo Corvaglia found his successor The Corvaglia Group, with around 250 employees at locations in Switzerland and Mexico, has grown constantly over the course of the past few years. Company founder and owner Romeo Corvaglia began adapting internal structures early on in order to respond to the challenges associated with the growth. The Board of Directors grew from two to six mem- bers in March 2013, and was divided up into different areas of expertise. Romeo Corvaglia has been working on finding his successor as Group CEO for several years. As of January 1, 2015, group operational responsibility will be handed over to Michael Krueger (36, Dr. rer. nat.). Michael Krueger began working for Corvaglia as Chief Technology Officer three years ago. One year later, he was given the additional responsibility of overseeing operations and manag- ing around 100 employees at Corvaglia Mould AG. Romeo Corvaglia will work in a more withdrawn role over the next one to two years, and will only carry out operational duties in a supportive capacity. He plans to completely withdraw from operational duties by 2016, but will retain his position on the Board of Directors. www.corvaglia.ch Amcor acquires Chinese flexible packaging company Amcor announced an agreement to acquire Zhongshan Tian Cai Packaging Company, a Chinese flexible packaging company for EUR29 million. The purchase price represents 7.1 times EBITDA. Tian Cai has one plant located in Zhongshan and sales of approximately EUR39 million p.a. The business pro- duces flexible packaging products for the food, beverage and pharmaceutical end markets and supplies leading local and multinational customers. Amcor is currently the market leader in Southern China, with three flexibles packaging plants, including one plant in Zhongshan. This acquisition will complement the existing food and beverage business and broaden Amcor’s capabili- ties within the South China region to include pharmaceuti- cal packaging. www.amcor.com Start of preparations for Drinktec 2017 With the appointment of the Advisory Board, prepa- rations for Drinktec 2017 have now begun. Volker Kronseder, Chairman of Krones AG and President of the Advisory Board so far, was confirmed in office. The Advisory Board represents the interests of the companies exhibiting at Drinktec. The dates for the next edition of the “World´s Leading Trade Fair for the Beverage and Liquid Food Industry” are September 11-15, 2017 in Munich. In their review of Drinktec 2013 the board members all drew positive conclusions. They were all agreed that the last Drinktec had been a great success. In particular they praised the international character of the event and its outstanding role as an ideas platform and innovations driver. Volker Kronseder pointed out that many of the innovations presented at Drinktec 2013 were now reach- ing the market. According to Beatrix Fraese of the VDMA, Drinktec will continue to have an effect for a long time and in 2015, too, it will have a positive influence on busi- ness for the German machinery and plant manufacturers. Drinktec 2013 attracted 66,886 visitors, of which 62% were from outside Germany, reflecting a rise of 14%. Beatrix Fraese reported in the meeting on the current economic situation in the engineering sector. The seg- ment that is relevant to Drinktec, namely food process- ing and packaging machinery, saw growth of 4% in 2014, with production volumes rising to EUR13 billion. Strong domestic demand played a large part in this. For 2015 the machinery manufacturers are upbeat, because demand from other EU countries is rising again, the economy in China is also picking up and the industrial policies in the US are creating a favorable climate for investment. As well as for Drinktec 2017, preparations are also underway for the Drinktec offshoots outside Germany, all of which are taking place in 2016: Drink Technology India (provisionally April 28-30), Food & Drink Technol- ogy Africa (September 14-16) and China Brew and China Beverage (October 13-16). www.drinktec.com Interactivity is key at international Knowledgeshare Live forum Knowledgeshare is a beverage industry forum com- prising a digital community of senior industry players and thought leaders. In association with Sidel, Knowledgeshare Live takes these discussions from online to the stage and will take place in Dubai on February 10 - 11, 2015, providing a neutral setting to discuss where the beverage industry is heading and how it will handle the challenges and opportuni- ties. The two days in Dubai will feature keynote presentations, thought-provoking panel discussions, as well as the opportu- nity for all delegates to get involved and make an active con- tribution to the dialogue. Before and after the event in Dubai, the experts will share their knowledge and opinions online (blog.knowledgeshare.com) where everyone is welcome to join in the discussions. This blog is a platform that provides opportunities to continue the ongoing discussions between the knowledgeshare Live events. The Dubai event will build on the success of previous Knowledgeshare Live events, staged in Frankfurt, Germany, and Sanya, China, in 2013 and 2014. blog.knowledgeshare.com Polyester recycling forum informs about latest developments The upcoming polyester recycling forum in Bad Oeyn- hausen on March 3 – 4, 2015 will provide conference partici- pants with profound market information and the possibility to collect knowledge about the latest technical and technologi- cal status of regeneration and processing of the PET waste- bottle stream. Several companies from all areas of polyester recycling will present their latest developments. www.polyester-recycling.com