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China National Chemical Corporation (ChemChina) has successfully completed the acquisition of the KraussMaffei Group from Onex Corporation. All relevant regulatory approvals have been achieved. In the future, the KraussMaffei Group will be ChemChina’s principal business entity in the operating and managing of related machinery enterprises. According to Jianxin Ren, Chairman of
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Milacron Holdings Corp. recently completed another round of expansions to their injection, blow and extrusion moulding machine manufacturing facility in Ahmedabad as well as their hot runner manufacturing facility in Coimbatore, India. The completed addition to the Ahmedabad facility added an additional 9,304m2 bringing the total footprint to 65,000m2. The additional
Read moreConstantia Flexibles Group GmbH, manufacturer of flexible packaging products and labels, is publishing its Annual Report 2015 under the motto “A Global Growth Story”. The report is immediately available on the company’s website and the print version can be requested from the company late May. In 2015, Constantia Flexibles reported sales
Read morePetainer UK Holdings announced that it has signed a binding agreement with KKR Credit for a €100 million debt and equity investment. The funding from KKR Credit will be used to refinance the Company’s capital structure and also finance the implementation of the Company’s growth strategy. Next Wave Partners will remain
Read morePET recycling company Sorepla, Neufchâteau, France had to appear in Epinal Commercial Court on April 19 to judge whether the company could continue its activities. According to French media, the case was postponed to May 10. The company is looking for a buyer since several years. In 2013, the company already
Read moreErema has followed on from its 20% increase in turnover in 2014/15 and, thanks to 5% growth with 122 million euros in the 2015/16 financial year, has achieved the highest turnover in the history of the company. Despite circumstances being economically and politically challenging due to the low oil prices, Erema
Read moreChemical producer Indorama Ventures Public Company Limited (IVL) has announced the acquisition of 100% of the Purified Isopthalic Acid, Polyethylene Terephthalate (PET and Purified Terephthalic Acid (PTA) assets of Cepsa Química S.A., a subsidiary of Compañía Española de Petróleos S.A.U. (“CEPSA”) in Guadarranque-San Roque, Cadiz, Spain. The company will be renamed
Read moreKrones has purchased 60 % of the shares in System Logistics S.p.A. The company is based in Fiorano, in Northern Italy, and is a leading, international supplier of solutions for intralogistics, material flow technology and warehousing. A majority of the customers come from the food and beverage industries. In 2015, the
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The company PET Engineering presents a preview of the new logo which will gradually replace its current one over the course of 2016. The international company PET Engineering known for the design and industrialisation of PET packaging in the food, detergents and cosmetics sectors, founded 30 years ago by Moreno Barel’s
Read moreMEGlobal, a wholly-owned subsidiary of Equate Petrochemical Company, plans to construct a new world-scale monoethylene glycol (MEG) manufacturing facility at Dow’s Oyster Creek site in Freeport, Texas, USA. The new MEG facility will be owned by MEGlobal and is the Company’s first manufacturing unit in the United States. The new MEGlobal
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Because of its central location, the Bangkok service center will provide expanded services for Agr International, Inc. products over the entire Asian region. Over the last few years, southern Asia has been one of the fastest growing packaging markets, as evident by the growth in Agr’s customer base within this area.
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