The worldwide PET magazine
The change came about in November 2020. Even demand from the automotive industry picked up again after two very difficult years. As a result, the 2020/2021 fiscal year came to a conciliatory end. With 6,400 employees around the world, the Engel Group generated 1.1 billion euros in sales revenues. Although sales
Read moreCarbios, a company pioneering new enzymatic solutions to reinvent the lifecycle of plastic and textile polymers, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. Carbios is opening new sustainable and competitive avenues for the virtuous management of the life cycle of plastic and textile
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Indorama Ventures (IVL), a global chemicals producer, has completed its acquisition of CarbonLite Holdings’ facility in Texas as part of the company’s commitment to increasing PET recycling capacity. Now known as Indorama Ventures Sustainable Recycling (IVSR), the Dallas site is one of the largest producers of food-grade recycled pellets (rPET) in
Read moreIndorama Ventures Public Company Limited (IVL), a global petrochemical producer, has started developing a new technology center under its Integrated Oxides & Derivatives (IOD) business at The Woodlands, Texas. The new facility will be the company’s U.S. research and development hub for new products used in the home, personal and industrial
Read moreAlpek, S.A.B. de C.V. announced that it has acquired CarbonLite Recycling LLC’s state-of-the-art PET recycling and pelletisation facility in Reading, Pennsylvania in the United States. The site was acquired for U.S. $96 million on a debt-free basis and is subject to customary conditions precedent. Alpek was strongly interested in CarbonLite’s Reading
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Bericap, one of the leading global manufacturers of plastic closures, has taken over Mala Verschluss-Systeme GmbH, thereby extending its product portfolio to include aluminium closures. Mala is a family owned company based in Bad Liebenstein, Germany. In 2020 it generated annual revenue of 40 million euros from the production and sale
Read moreHusky Injection Molding Systems, Ltd., a leading industrial technology provider to the plastics processing community announced its collaboration with Chem-Trend on a system solution that creates repeatability during the critical colour change process to offer a faster, more accurate, and optimised approach for operators. The team devised a new guided procedure
Read moreAvery Dennison’s Label and Packaging Materials (LPM) division in EMENA region is making two new key appointments effective June 1, 2021. Burak Sahbaz, who is currently leading marketing, has been appointed VP Sales. He succeeds Noel Kasmi, who is now VP Marketing. “These appointments reflect our determination to leverage learnings and
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Competek-Sustainable Packaging Solutions is the new player in the international packaging industry. Born from the synergy between PET Engineering and Comep, aiming to provide food, beverage and homecare packaging manufacturers with sustainable and efficient product line. Competek is a new company whose services fully reflect the experience and know-how developed in
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Recycling lines for plastics are the circular economy’s lynchpins – and as such make a vital contribution towards protecting our natural environment and economising on valuable resources. On the other hand, they also consume resources, chief among them water. Which goes to show: A recycling technology’s sustainability must not be assessed
Read morePlasticsEurope announces a significant increase in planned chemical recycling investment: from 2.6 billion Euros in 2025 to 7.2 billion Euros in 2030. To further accelerate investments in this key technology and the transition towards a circular economy, PlasticsEurope calls for a harmonised and strong policy and regulatory framework. Chemical recycling allows
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