news Milacron moves to IPO
US plastics machinery group Milacron has taken the first step towards an IPO with the filing of a registration state- ment with the US Securities and Exchange Commission. The company, which is
owned by CCMP Capital Investors, said it aims to list on the NYSE or NASDAQ market. Share prices have not yet been fixed but the company said proceeds will be used for general corporate purposes, including debt reduction. Milacron was delisted from the NYSE in 2008 and filed for Chapter 11 bankruptcy protection in 2009. The
company was acquired by CCMP in 2012 and since then has made a number of targeted acquisitions, includ- ing Mold-Masters in 2013 and Kortec last year.
Speaking at the NPE show in the US ahead of the IPO announcement, Milacron CTO Bruce Catoen said: “For the past couple of years we have really emphasised innovation. We now have all the pieces to put together something that takes customers from a pellet to a part.”
In its SEC filing, the
company revealed total sales for 2014 of $1.21bn. Plastics
machinery, which includes Ferromatik injection machines, Milacron extruders, Uniloy blow moulding units and aftermarket sales, accounted for 56% of total sales. Melt delivery, which includes Mold-Masters and DME, accounted for 33%. The remaining 11% is made up by its machining fluids division. Around half of Milacron’s
sales are derived from North America and 21% from Europe. The company also points to a high 61% of its global sales coming from less cyclical consumable products. ❙
www.milacron.com
Fraunhofer shows plastic engine
Researchers at Germany’s Fraunhofer Institute for Chemical Technology have developed a prototype petrol engine with a lightweight cylin- der block produced from carbon fibre reinforced plastic.
The single cylinder engine, which was developed with Sumitomo Bakelite and uses a glass fibre reinforced phenolic resin, was shown at the Hannover Fair this month. “The cylinder casing weighs
around 20% less than the equivalent aluminum compo- nent, and costs the same,” said Dr Lars-Fredrik Berg, leader of Fraunhofer’s Lightweight Powertrain unit. ❙
www.fraunhofer.de
People on the move
Gerd Liebig took on the new role of managing director chief sales officer with Sumitomo SHI Demag
Plastics Machinery with responsibility for all worldwide sales, service and marketing activities out of Schwaig, Germany, at the beginning of this month. He has spent more than 25 years in the injection moulding machinery business, most recently with Engel but before that with Demag Plastics Group.
Gerd Liebig 6
Roctool has announced that Stephane Hersen has been appointed CEO of the French heat-cool moulding technology
INJECTION WORLD | April 2015
specialist. Hersen has been general manger of the company since September last year and takes over the CEO role from Alexandre Guichard, who retains a consultancy role with the company.
Arburg senior partner Eugen Hehl was inducted into the Plastics Hall of Fame at the NPE 2015 trade show in the US in March. Hehl, together with his brother Karl who died in 2010, took the small family Arburg business and grew it to
the global operation it is today. He said he was “deeply honoured” to be chosen.
Custom colour firm Amer- ichem has appointed Matthew J Miklos commercial vice president and general manager for the Americas. Miklos has more than 28 years of engineering plastics industry experience. He joins from thermoplastic laminates firm Schneller, before that working with LNP Engineer- ing Plastics.
www.injectionworld.com
Lanxess invests in Tepex
Lanxess has commissioned a cell for production of long fibre reinforced thermo- plastic composite parts at its Bond Laminates subsidiary at Brilon in Germany.
The Engel cell includes a
130 tonne vertical injection moulding machine with 6-axis robot, sheet pre-heating system, and variothermal mould temperature control. It can produce parts measuring up to 330mm by 280mm. “We plan to use the facil- ity as a platform for transferring technology to customers,” said Ulrich Jecmeniza, applications engineer with Bond Laminates. “We want to familiarise our customers with the strengths of Tepex and how it is processed.” ❙
www.lanxess.com
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