This Week's Top Stories: Wednesday, 29th October 2014
EU commissioners share duties affecting plastics
The plastics industry will be especially influenced over the next five years by four new European Union (EU) commissioners who have been nominated to serve in the new European Commission of its incoming president Jean-Claude Juncker.
Grammer strengthens its presence in Italy
Germany-based vehicle seating and car interior component maker Grammer has established a new offshoot in Italy. Grammer Italia srl. has been formed to consolidate the Amberg, Germany-based group’s activities in Italy and boost its presence in the significant Italian market, especially for agricultural and construction vehicle seating, it said.
BASF pre-tax earnings rise, but will miss financial targets for 2015
BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.
European GRP market sees stable growth
The volume of glass fibre reinforced plastic (GRP) made in Europe is set to grow by over 2% in 2014 to reach 1.04m tonnes, according to a report from the German association AVK. AVK’s report is based on data from European countries apart from Turkey, which is recorded separately due to the lack of long-term data.
Private equity firms 'mull Bayer MaterialScience deal'
A number of investment groups are reported to be interested buying Bayer’s MaterialScience operation, valued at around €10bn.
German export sales strong
Germany is the engine that drives the European economy — and when it comes to the plastics industry, German machinery is a potent force, an export-driven dynamo whose technology is admired the world over.
Processors launch in Russian SME industry park
Four new small plastics processing companies have been launched at a recently opened industrial zone east of Kazan, capital of the Russian semi-autonomous republic of Tatarstan. Tyulyachi Business Park is a private development focused particularly on small and medium sized polymer-based enterprises.
Bericap introduces second use StackCap
Global caps and closures company Bericap has announced the release of StackCap, a second use beverage cap based on a concept by Smooth HIP and enhanced to a high performance. Bericap states that StackCap meets the current trend towards the second use of caps and closures instead of a cap being recycled after first use.
Caps and Closures 2014: 12 - 13 November|
Caps and Closures 2014, held in Amsterdam, offers a unique
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