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Kingsbury Corp. has signed to sell a majority stake of Negri Bossi S.p.A., an Italian company active in the manufacture and sale of injection moulding machines and robot equipment, to Nissei Plastic Industrial Co., Ltd.. The closing is expected in January 2020 and Kingsbury Corp. will maintain a minority stake in
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Most European regions and sectors in the plastics industry are looking ahead with a cautious outlook, with a majority of companies concerned about the impacts from global trade conflicts on their business, according to a new survey by PIE – Plastics Information Europe. PIE surveyed more than 200 participants from the
Read moreLogoplaste Group announced that it has signed an agreement to acquire a majority stake in Polish Masterchem. The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2020. Masterchem’s founding family will retain a significant minority stake in the company and will remain actively
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Société Générale des Techniques (SGT) inaugurated its new Chalon-Sur-Saône site . The specific feature of this factory is its integrated “SGR” plastics recycling line and its PET preform manufacturing unit. In opening the new SGT/SGR site, Frédéric Mignot, the Group’s Chairman, confirmed the Group’s commitment to sustainable development: “We are aware
Read moreCoca-Cola Amatil has been selected as a finalist in the 2019 Waste Management and Resource Recovery Awards for producing Australia’s first carbonated soft drink bottles made from 100 per cent recycled plastic. The Awards are organised and hosted by the Waste Management and Resource Recovery Association of Australia (WMRR) and Inside
Read moreThe size of the U.S. plastics industry expanded in 2018, accounting for 993,000 jobs and $451.3 billion worth of shipments. In the same year, it maintained a trade surplus of $500 million—an increasingly rare feat among manufacturing sectors—as consumption of plastics products continued to grow in the U.S. Each of these
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With two of its own PET recycling plants in Austria and Poland (PET Recycling Team) and joint ventures in Mexico and Germany, Alpla has long been an established partner in the field of PET recycling. These operations currently have an annual capacity of 70,000 tonnes. Alpla is now taking the next
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BP has developed an enhanced recycling technology, BP Infinia, that enables currently unrecyclable polyethylene terephthalate (PET) plastic waste to be diverted from landfill or incineration and instead transformed back into new, virgin-quality feedstocks. BP plans to construct a $25 million pilot plant in the US to prove the technology, before progressing
Read moreAlpek, S.A.B. de C.V. , one of the largest petrochemical companies in the Americas, announced that one of its subsidiaries has signed an agreement with Lotte Chemical Corporation to acquire a 100% stake in Lotte Chemical UK Limited, which owns and operatesa 350,000 ton per year polyethylene terephthalate (“PET”) facility in
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Amcor engineers and designers developed a unique solution to address denting and won Gold for Packaging Innovation from DOW. Amcor leaders from its rigid packaging business recently accepted the 2019 Packaging Innovation Award at the K Show in Dusseldorf, Germany. The award recognises some of the world’s most innovative packaging breakthroughs
Read moreIndorama Ventures Public Company Limited (IVL), a global chemical producer, is proud to announce its commitment as part of the New Plastics Economy to help create a world where plastic never becomes waste. The company is now accelerating its efforts in support of a very ambitious goal to increase recycled content
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