news news in brief
❙ DuPont has embarked on a $700m global cost cutting programme that will result in a 10% headcount reduction during 2016. The move was announced in December on the same day it revealed plans to merge with Dow Chemical. Described as a “merger of equals” the deal will create a new materials science company with sales of $51bn that will include DuPont’s Performance Materials segment and the Perfor- mance Plastics, Performance Materials and Chemicals, Infrastructure Solutions and Consumer Solutions operat- ing segments of Dow.
www.dupont.com www.dow.com
❙ Italy’s Inglass has an- nounced a rebranding of its mouldmaking operations. All mouldmaking activities, including both its automotive lighting and multi-cavity packaging and medical activities, will in future operate under the ERMO name. Inglass acquired ERMO of France in 2014.
www.ermo-group.com
❙ TER Plastics Polymer Group has acquired the plastics division of Proquibasa, a family-owned chemical distributor headquartered at Barcelona, Spain. The company said the Proquibasa portfolio of products will continue to be available to customers almost un- changed and will be offered alongside the TER Plastics Iberica range of commodity and engineering plastics
www.terplastics.com
4
KraussMaffei sold to ChemChina for €925m
German plastics machinery group KraussMaffei is to be acquired by China National Chemical Corporation (ChemChina) for €925m. It is the biggest acquisition of a German firm by a Chinese company to date. State-owned ChemChina is buying the KraussMaffei Group from Canadian private equity firm Onex, which acquired it in 2012. “With ChemChina, we have found a strategic and long-term oriented investor who has been interested in our company for many years,” said Frank Stieler, CEO of the KraussMaffei Group. ChemChina said its new acquisition - which includes the KraussMaffei, KraussMaf- fei Berstorff and Netstal brands – will retain its independence and identity. Current manufacturing locations will also be main- tained, with plans to increase headcount in 2016. “Together, ChemChina and
the KraussMaffei Group will be positioned for future growth,” ChemChina chairman Jianxin
ChemChina says KM production will stay in Munich
Ren said in a statement. Ren described the growth potential of the KraussMaffei Group as “tremendous” and said the firm would benefit from its improved access to the Chinese market. Stieler said a key target for
the company for the future was to further grow its activities in China, which he said currently accounts for a “low double- digit share” of its total sales. Its current injection moulding machine manufacturing opera- tion in China will be running at close to capacity by the end of this year, he said, so future
manufacturing investment is likely to be a priority. KraussMaffei Group employs 4,500 people globally (2,800 in Germany) and generated sales of around €1.1bn in the 2014 financial year. Stieler said the company was on course to hit sales of €12bn for 2015 and had recorded an EBITDA result of €140m over the past 12 months. ChemChina employs 140,000 people (95,000 in China). Sales for 2015 amounted to €37bn. ❙
www.kraussmaffei.com ❙
www.chemchina.com
New speakers at Sustainable Plastics
Packaging players Amcor Flexibles and Coveris Global Rigid are the latest additions to the programme for AMI’s upcoming Sustainable Plastics conference, which takes place in Cologne on 1-2 March. Amcor Flexibles Director of Sustainability Dr
Gerald Rebitzer will be speaking about the application of Life Cycle Analysis to drive packaging sustainability. Coveris Global Rigid Marketing and Communication Manager Kathrin
INJECTION WORLD | January/February 2016
Bolle will explain how to deliver sustainable packaging solutions that meet brand owner needs. Bolle and Rebitzer join a programme that
already includes Philips Senior Engineer Dr Sepas Setayesh, Renault Biomaterials Referent and Materials Innovation Leader Alexia Roma, and Veolia France VP International Affairs Gary Crawford. To find out more, click here:
http://bit.ly/SP_2016
www.injectionworld.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62