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The Italian packaging machinery industry continues to grow, its total turnover exceeding the record figure of 8 billion euros registered in 2019. According to the preliminary figures published by the Research Department of Ucima (Italian packaging machinery manufacturers’ association), the sector has seen 1.8% growth this year. Specifically, the Italian market has
Read moreThe PETplanet Insider team would like to thank you for the good cooperation during this year and for your ongoing confidence. Best wishes and happiness to you and your families over the festive season. We look forward to a successful 2020 working together! Alexander Büchler and the PETplanet Insider team Our
Read moreThe Executive Board of Krones AG has decided on additional structural efficiency measures. Furthermore, the Management has specified the expected expenses for all measures intended to substantially enhance the profitability of Krones. Measures initiated to cut personnel costs as well as specific portfolio optimisation measures lead to provisions and impairments of
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As of January 1, 2020, Nicolai Küls will succeed Helmut Gries, who is retiring at his own request. “We would like to thank Helmut Gries for his successful work over the past 25 years and wish him all the best for the future,” says Dirk Engel, CEO of the gwk parent
Read moreIndorama Ventures Public Company Limited (IVL), a global chemical manufacturer, has acquired Green Fiber International Inc. (GFI), a recycling company in Fontana, California, USA. The facility produces Recycled Polyethylene Terephthalate (rPET) flakes. The acquisition has a combined capacity of 40,000 tonnes/annum. Green Fiber International Inc. offers high-quality recycled PET bottle flakes
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The World Beverage Innovation Awards, in association with BrauBeviale, was designed to celebrate excellence and innovation across numerous categories within the beverage industry. At the 2019 Award Ceremony, Aptar Food + Beverage was recognised with the Best Closure Award for its Flip Lid solution. A panel of nine judges considered entries
Read moreAdvent International backed MTL (Manjushree Technopack Ltd), a leading rigid plastics packaging solutions company from India, has acquired National Plastics (NAPLA), one of the leading player in spraying and dispensing systems and solutions in India (slump sale, on a going concern basis). This is the first acquisition by MTL since Advent
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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
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