The worldwide PET magazine
The difficult economic conditions and uncertainties such as the unresolved trade conflict between China and the USA increasingly affected Krones’ business in the first half of 2019. After strong growth in the first quarter (by 10.3%), revenue from April to June increased by 0.7% year-on-year. In total, the company’s revenue from
Read moreSuntory Group’s new company-wide policy focuses on implementing sustainable plastic that promote a recycling-oriented and decarbonised society. Based on this Plastic Policy, Suntory will aim for fully sustainable plastic bottles by expanding “FtoP production” capability and switching to recycled materials or plant-based materials for all PET bottles used globally by 2030.
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Octal, a leading supplier of clear rigid packaging materials, has secured $625 million of banking facilities comprising of syndicated term loan facility of US$ 225 million and working capital facilities aggregating to US$ 400 million in one of the biggest private sector financing deals in Oman of the last decade. The new
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On July 18, Sidel announced the acquisition of Cognac Moules Emballages Plastiques (Comep), a French producer and designer of moulds for PET, adding further strength to the group in the manufacturing of moulds and tooling. Comep was created in 1998 to focus on the design and manufacturing of moulds for PET
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PET Engineering celebrates its first 20 years of activity even if its history began in 1986 when Moreno Barel, former owner and CEO, started acquiring the technical skills and know-how that have become the sturdy foundations of the company since 1999. PET Engineering is now a well-known specialist in packaging design of PET
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On June 10 and 11, the companies of Danone Russia Group organised the event “Innodays 2019”, two days dedicated to innovation in order to find, among its suppliers, new solutions and ideas able to ensure growth, efficiency and sustainability. SMI was invited to Moscow to present its latest technological innovations and
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Petcore Europe, the industry organisation representing the whole PET value chain, launched the “Special Industry Group – SIG” to establish a strong and sustainable value chain in the development of re-using the monomers from PET waste. Bringing the PET bottles and food containers as well as polyester textiles back to its constituents,
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Twelve years ago, Neo Group purchased BKG underwater pelletisers and related components for three PET polymerisation lines but installed only two, storing the unused BKG equipment in their original shipping boxes. Now the company has a new, third PET line, making it the second-largest PET producer in Europe, and those 12-year-old
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From July 9 to 11, the fourth edition of food & drink technology Africa brought together the beverage, food and liquid food industry in Johannesburg, South Africa. Approximately 65 exhibitors from 13 countries presented custom solutions for the African market: from innovative developments for resource conservation to raw materials, processing, filling
Read moreHillenbrand, Inc. and Milacron Holdings Corp. announced that they have entered into a definitive agreement under which Hillenbrand will acquire Milacron in a cash and stock transaction valued at approximately $2 billion, including net debt of approximately $686 million as of March 31, 2019. Under the terms of the agreement, which
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EconCore, a leader in thermoplastic honeycomb core production technology, collaborates with Ultrapolymers and DuFor in an R&D project funded by the Flemish Government to develop a new product: a thermoplastic honeycomb core made from recycled PET. The basis of this development is EconCore’s worldwide patented process for continuous and cost-effective production
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