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22 May 2015

Japan Steel Works has purchased 80% of the shares of South Korean compounding extruder maker SM Platek, and made SMP a consolidated subsidiary of the Tokyo-based JSW on 8 May. 22 May 2015

21 May 2015

Switzerland-based packaging machinery company Bobst has announced that it signed an agreement on 13 May that sees it acquire 65% of Nuova Gidue, an Italian manufacturer of narrow and mid-web printing presses, with the option to purchase the remaining shares. 21 May 2015

Netherlands-based Royal DSM, a life sciences and materials sciences company, has announced it is forming a joint venture with Chinese materials company NHU. The new venture called DSM NHU Engineering Plastics, in which DSM will hold a 60% share and NHU a 40% share, will be located in Zhejiang, China. The financial details of the deal were not disclosed. 21 May 2015

Royal DSM and Ascend Performance Materials chose Chinaplas 2015 as the platform to announce their global strategic alliance. 21 May 2015

BASF plans to launch a design consultation centre in Shanghai next year, the company’s second in Asia. Last year the company opened one in Japan, its first outside of Germany. 21 May 2015

Beckhoff Automation of Verl, Germany, generated €510m in sales, an increase of about 17% from €435m in 2013. Leaders expect another double-digit sales increase this year. 21 May 2015

20 May 2015

Dávid Tibor and Balázs Ács, the two main shareholders of Hungarian construction materials maker Masterlast Kft., have announced they will put about 2.9% of their shares in the firm on sale, with a minimum price set at 208m forint (€1m). The aim is to finance the company’s expansion plans, according to Masterplast. 20 May 2015

Croatian car parts maker AD Plastik d.d. has unveiled plans to expand its sales by 12% in 2015, reports local daily Poslovni Dnevnik. 20 May 2015

German coffee group Melitta plans to close its Cofresco flexible packaging operation in Minden, Germany and switch the household film, foil and bag and sack conversion capacity to Poland. As part of a far reaching group reorganisation and consolidation programme, Melitta said it will concentrate its garbage bag business on its Cofresco division and shift the Minden work to a Polish sister plant at Brodnica by autumn 2017.  
20 May 2015

Plastics firm Teknor Apex is having ongoing discussions with staff over the future of its UK site as the emergency services investigate the possible arson attack at the firm’s premises in April. 20 May 2015

The Victoria & Albert Museum (V&A) is collaborating with Imperial College and University College London to find ways of saving 20th Century works of art and design featuring plastics, including polyester and polyurethane. 20 May 2015

Even before Chinaplas officially opened in Guangzhou, Arburg’s booth already started attracting traffic.
 
 
20 May 2015

19 May 2015

With dioctyl phthalate (DOP) no longer permitted under EU Reach regulations, Swedish additives company Perstorp has introduced Pevalen, a genuine non-phthalate PVC plasticiser derived solely from aliphatic raw materials.  19 May 2015

Borealis, the Austria-headquartered chemicals group, has reported first quarter net profits of €137m, down nearly 3% on the previous three months but 34% up on the same period in 2014. 19 May 2015

After 30 years of making extrusion blow moulding machines, Techne Graham is rounding out its product offering with a new leak tester and an integrated blow-fill-cap machine. 19 May 2015

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