This Week's Top Stories: Wednesday, 25th March 2015
Italy’s machinery sector shows increases in 2014
The Italian plastics and rubber machinery industry saw improvement in 2014, according to trade association Assocomaplast, which released annual figures in a statement headed “The sector is healthy: signs all positive in 2014”. The value of production for Italian plastics and rubber machinery, equipment and moulds improved by 2.6% from €3.90bn in 2013 to €4.00bn in 2014, according to estimates based on information from the group’s member companies. One-third of member companies are optimistic about 2015.
NPE exhibition to stay in Orlando
The Society of the Plastics Industry (SPI) has signed contracts to keep the NPE exhibition at the Orange County Convention Center in 2018 and 2021, and the trade association also has reserved dates for NPE 2024 in Orlando. The news comes as NPE 2015 kicks off in Orlando this week, bringing an expected 60,000 visitors and more than 2,000 exhibitors to the Sunshine State — and according to SPI, pumping $151m (€139m) into the Orlando economy. “NPE 2015 is expected to be the largest, most successful international plastics showcase in our 69-year history,” said Bill Carteaux, SPI president and CEO.
Arburg reports record sales of €540m in 2014
Injection moulding technology group Arburg, based in Germany, hit a new record with €540m in turnover in 2014. The 2014 figure compares with 2013 turnover of €470m and 2012 turnover of €488m, the previous highest level. “The figures for 2014 clearly reflect a successful business year,” said Michael Hehl, managing partner at Arburg, who announced the financial results at the group’s Technology Days event at its Lossburg facility last week.
Volumes rise but sales slip at Resilux
Resilux, the Belgium-based producer of preforms and bottles, has reported a 1.6% increase in sold volumes in 2014. However, the group’s turnover decreased by 4.6% to €282.3m, which it said was the result of lower average prices for raw material. Resilux said it passes on fluctuations in raw material prices to its customers.
Sales fall but profits improve at Lanxess
Speciality chemicals group Lanxess has substantially improved its operating result and net income in the year ending 31 Dec 2014, the German company announced 19 March. While sales declined slightly by 3.5% to around €8bn, primarily due to lower selling prices in mainly the Performance Polymers unit, earnings (EBITDA) pre exceptionals increased by 9.9% to €808m. All segments contributed to the earnings increase.
Processors weigh impact of polymer prices in 2015
At the start of this year, plastics processors looked set to enjoy a period of lower polymer prices, as the sharp fall in crude oil prices dragged down the cost of key feedstocks. Prices have since risen again. Nonetheless, Faurecia, the French automotive Tier One supplier, says it sees a cost-saving opportunity in the polymer market.
BYK helps boost sales at Altana
Specialty chemicals group Altana increased sales by 11% to €1.95bn in 2014, the German group has said.
Sibur reports 34% increase in sales for 2014
Russian plastics and petrochemicals group Sibur has announced its full year results for 2014, reporting sales increased by 34% from RUB 269.8bn (€4.15bn) in 2013 to RUB 361bn (€5.56bn) in 2014. The company reported that its Ebitda grew from RUB 78.9bn (€1.21bn) in 2013 to RUB 102.7bn (€1.58bn) in 2014, an increase of 30.3%.
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