NEWS Italy’s Promixon bankrupt
Italian mixing machinery Promixon was declared bankrupt last month by the court in Busto Arsizio. Production at its plant at Magnano in the Lombardy region has been halted since the end of last year. The company applied for bankruptcy after losing the latest round in a lengthy legal dispute brought by competitor Plas Mec, which is based at nearby Lonate Pozzolo. According to Paola Giudici, the court-appointed insolvency administrator, the scale of the company’s debts is not yet clear but a sale of the business is not considered possible and no employees have been retained.
Promixon was founded in 2013 by Marco Marinello, formerly CEO of Plas Mec and part of its founding family. It employed around 50 people.
Plas Mec initiated legal action against Promixon in 2014, according to Plas Mec Managing Director Massimo Grigolon, claiming IP infringement and unfair competition. He said two judgements had already been made in Plas Mec’s favour covering certain machinery made and marketed by Promixon. The most recent
judgement was handed down by the Milan court in July last year. Grigolon said it confirmed the earlier court
Lanxess reveals new HPM unit head
Lanxess has announced that Frederique van Baarle will become the new head of its High Performance Materials (plastics) business unit with effect from June. Previously the company’s Head of Global Procurement &
Logistics, van Baarle replaces Michael Zobel, who has moved to head up its fine chemicals and custom manufacturing subsidiary Saltigo. �
www.lanxess.com
decisions and awarded damages of more than €4m against Promixon.
No payment has been made to date, Grigolon told Compounding World, and the Milan court decision could be appealed. How- ever, whether that will happen is unclear due to the bankruptcy proceed- ings. “It depends on the bankruptcy trustee which is now taking care of Promix- on,” he said.
Since the bankrupty, Marinello has been appoint- ed International Sales Manager at mixing machin- ery maker Mixaco, accord- ing to a post on the German company’s LinkedIn Group. �
www.plasmec.it
Ube buys US firm PCTNA
Tokyo-based Ube Industries is to buy Premium Composite Technology North America (PCTNA) from Toyota Tsusho Corporation, which established the operation in 2009. PCTNA is based at
Franklin, Indiana, US, and manufactures mostly non-PA compounds for Japanese automotive OEMs and Tier 1 suppliers. It employs 30 people and had sales of $31.6m in the fiscal year to March 2019. This acquisition will give Ube its first North American manufacturing site for compounds. It already compounds in Japan, Thailand and Spain. Ube has previously identified its PA 6 business as an active growth sector and said it is “further strengthening its competitive advantages for extrusion applications while expanding the scope of its business for injection applications.” �
www.ube-ind.co.jp
Domo plans Chinese compounding unit
Germany’s Domo Chemicals has announced plans for a new €12m compounding operation at DuShan Pinghu city in China’s Zhejiang province. Production is expected to begin in Q4 of this year. The 11,500m2
plant will produce 50,000 tonnes/yr of engineered PA
compounds when running at capacity. Domo said it will operate at 25,000 tonnes/yr in its first phase. Domo said the facility will integrate R&D, production and sales. It will
produce modified engineering compounds based on PA6, PA66 and high temperature PAs for automotive, electronic and consumer applications in the Asia-Pacific region. �
www.domochemicals.com
6 COMPOUNDING WORLD | April 2020
www.compoundingworld.com
IMAGE: DOMO CHEMICAL
IMAGE: LANXESS
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 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68
