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❙ KraussMaffei posted sales of $666m for the first half of this year. The result is published in the latest quarterly report from investment group Onex, which acquired the company last year.

news in brief Silgan closes on Portola

US rigid packaging giant Silgan is to buy Portola Packaging, a US-headquar- tered producer of plastics closures and bottles with eight plants in North America and Europe.

Silgan is to pay $266m for

❙ Korea’s SK Chemicals has contracted ThyssenKrupp subsidiary Uhde Inventa to build a new continuous plant for production of polyphe- nylene sulphide (PPS) at its industrial complex at Ulsan. Uhde Inventa said it will be the world’s first PPS polymerisation plant to use its continuous technology.

❙ PET resin and packaging group La Seda de Barcelona, which filed for voluntary bankruptcy earlier this year, posted a 19% drop in turnover for the first half of the year, down to €505m. According to reports in Spanish newspaper El País, the company’s losses have grown by 85% to reach €73m.

Portola, which generated sales last year of around $200m, and said it expected to close the deal this month. “Portola has a strong

reputation as an innovator in

closure design and operational leadership. As a result, we believe this acquisition will be highly synergistic with our existing closure business, while providing a broader platform to service our customers’ market needs,” said Silgan executive vice president and CFO Bob Lewis. “In addition, we are excited about the opportunity to expand our relatively small European plastic closure

Kebo sets up Asian service alliance

Switzerland-based mould- maker Kebo has set up a strategic alliance with Singapore-headquartered Swiss Precision Industries to improve its service support to customers in Asia.

Under the deal, moulds will

continue to be manufactured at Kebo’s factory at Neuhausen am Rheinfall in Switzerland but can be serviced by Swiss

Smartphone- inspired control

Engel will unveil its latest machine control unit at K2013, using a giant 21-inch high definition touch screen panel. The smartphone-inspired CC300 system’s 21-inch touch

screen eliminates almost all hard-keys, allowing the maximum level of customisation. At its core is the com- pany’s new e-Move system, designed to simplify operation without compromising on safety or efficiency. Engel head of product research and development

Gerhard Dimmler said the CC300 takes “one-button control” of injection moulding machines from vision to reality. ❙

4 INJECTION WORLD | September 2013

precision, which has opera- tions in Shanghai in China and Thailand.

Kebo, which is aiming to

extend its presence in the medical and pharmaceutical areas, announced a similar agreement with US-based Dollins Tool earlier this year to support North American customers. ❙

presence through Portola’s manufacturing facilities in the United Kingdom and Czech Republic,” he said. Silgan operates 81

manufacturing facilities in North America, Europe and Asia and posted sales of around $3.6bn in 2012. The company’s product range includes metal and plastic containers and closures. ❙

H1 sales up by 14% at Haitian

Chinese injection machinery maker Haitian achieved a 13.9% increase in sales for the first half of the year to RMB3.62bn ($590m), buoyed by new machine introduc- tions and a recovery in Chinese machinery demand. The company said first

half sales in China were up by 18.9% on the same period in 2012, reaching RMB2.48bn ($405m). Export sales were up by 4.5% to RMB1.06bn ($173m). It said the result was due at least in part to the introduction of the second generation versions of its Mars, Venus and Jupiter products during the second half of last year. Haitian said the outlook was good and it was constructing two new factories at Ningbo in China to meet expected demand growth. ❙

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