PETpla.net Insider 01+02 / 2016

PET news 6 PET planet insider Vol. 17 No. 01+02/16 www.petpla.net ChemChina to acquire Krauss Maffei Group The ChemChina - China National Chemical Corporation has agreed to acquire KraussMaffei Group, manufacturer of machinery and systems for producing and processing plastics and rubber, from Onex Corporation for a cash enterprise value of €925million. The transaction is subject to closing conditions including customary regulatory approvals. ChemChina together with Guoxin International Investment Corporation and Agic Capital will make this acquisition. “With ChemChina, we have found a strategic and long-term oriented investor who has been interested in our Company for many years,” said Frank Stieler, CEO of the KraussMaffei Group. The KraussMaffei Group will continue to operate in its current corporate structure. “We are strengthening our company with one of the leading global engi- neering groups, encompassing a 178-year corporate history. In doing so, we expect that KraussMaffei Group will maintain its identity and independence,” said Jianxin Ren, Chairman of ChemChina. “We are investing in the company’s strong management team and its technological expertise, which we believe will benefit our Chinese subsidiaries and position the chemical machinery business of ChemChina, which build and sell equipment for the rubber and chemical industry, to become a pioneer in achieving the “Made in China 2025” program which aims to enhance Chinese industry.” “Following Onex’s acquisition in late 2012 KraussMaffei Group has achieved strong growth and had a very successful year in 2015. As part of ChemChina, we expect to consider- ably accelerate our growth strategy, especially in China and Asia, and to further strengthen the Company in Germany and Europe,” Stieler explained. In China, the company is expected to benefit from the trend towards higher quality and sustainability. The machines and systems of the three brands - KraussMaffei, KraussMaffei Berstorff and Netstal - are suited to meet more challenging customer requirements. As a result of the trans- action, the KraussMaffei Group will be able to accelerate its planned expansion in China. www.kraussmaffeigroup.com www.chemchina.com www.netstal.com Ultralight Demo collection Demo Design and Moulds debuted their Ultralight Demo collection, containers targeted mainly at the bottled water market with the aim of lowering environmental impact and saving energy. The company created a round shaped 1.5l bottle for still water with a short neck, weighting 21.7g and equipped with the light base. The container can be filled both in the traditional way, as well as with liquid nitrogen. The second product is a 0.5l bottle for sparkling water with a short neck, weighing just 9.7 grams. According to the company the C0 2 level inside the container is equal to that of heavier containers found on the market, and the grip shall provide a good handling even after the bottle has been opened. Both containers have been produced with preforms that can be found on the market, so customers could start a pro- duction right away. The adoption of the Ultralight Demo bottles must be accompanied by the conversion of the filling lines in order to use the short neck. Here the company can offer their support and install the entire conversion kit for the main filling lines on the market. www.designandmoulds.com Kosme 3 Bloc for PET The Krones subsidiary Kosme S.r.l., Roverbella, has now, in the shape of the 3 Bloc, presented a block configuration available in two different variants, for PET and for HDPE containers. The 3 Bloc for PET comprises three concatenated machines: blow-moulder, filler and labeller. The particular version of the Flexa labeller can vary, either featuring pressure-sensitive labelling with a Flexa Sensicol station or wrap-around labelling with a roll-feed capability. This version is suitable both for cylindrical and square PET bottles and also for containers with special shapes. The maximum speed is 16,000 bottles per hour. www.kosme.com  www.krones.com F.l.t.r.: Ting Cai, Chairman and CEO of China National Chemical Equipment Co. Ltd. (CNCE), Dr. Frank Stieler, CEO of KraussMaf- fei Group and Chen Junwei, CEO of ChemChina.