search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
NEWS


German machinery


orders slip The VDMA, the trade association representing the German plastics and rubber machinery industry, said orders fell by 27% year-on-year in Q1 2022 while turnover grew by just 3%. As a result, it has reduced its growth forecast for the sector for the year from 5-10% down to 0-2%.


Managing Director


Thorsten Kühmann said the fall partly reflected “exceptionally good” demand from the packag- ing and medical sectors in Q1 2021 but also said that VDMA members are finding it increasingly difficult to convert a high number of pre-orders into sales, due to “poor availability of materials”. This is being further exacerbated by external logistical problems, including the Ukraine war and China’s latest COVID lockdowns. �www.vdma.org


Radici grows in India


Italy’s RadiciGroup has acquired the Engineering Plastics business of Ester Industries in India for approximately €35m, which will become part of Radici’s High Performance Polymers (HPP) division. The deal includes a new Ester Industries production site due to begin operation in 2023.


“In the Indian market, a


strong presence is required to react to growth opportu- nities in sectors with short and responsive production chains,” said Maurizio Radici, COO of RadiciGroup. “From the start, the strategy of our HPP business area has been based on working locally in the closest proximity to


Radici Group COO Maurizio Radici: “Working locally”


customers.” The Ester Industries engineering plastics business has a capacity of 16,500 tonnes/yr. “For us, this is a significant industrial investment,” said Danilo Micheletti, COO of Radici-


Group High Performance Polymers.


“Ester Industries Ltd will


transfer its main assets, among which the newly built industrial area in the city of Halol (Gujarat) in Northwest India, compound lines, R&D laboratories, customer/supplier contracts and its leading brand Estoplast, which includes different types of com- pounds used primarily in the electrical and electron- ics market,” he said. Radici aims to achieve


sales of €50m in India (its High Performance Polymers division generated sales of €509m last year, around one third of Group sales). �www.radicigroup.com


Borouge lists on ADX at $20bn


Borouge, the Borealis and Abu Dhabi National Oil Company (ADNOC) joint venture, listed on the Abu Dhabi Securities Exchange (ADX) at the beginning of this month. The move followed an IPO


for 10% of the company’s share capital which raised more than $2bn, making it both Abu Dhabi’s largest- ever IPO and the Middle East’s largest-ever petro- chemicals listing. It values the company at $20bn.


Borealis CEO, Thomas


Gangl, said: “The successful IPO facilitates the expansion of the Group and the ongoing efforts in providing innovative and differenti- ated polyolefin solutions.” �www.borealisgroup.com


Hexpol launches marine waste TPE grades


TPE compounder Hexpol TPE has expanded its portfolio of Thermoplastic Elastomer (TPE) materials containing recycled content with he introduction of the Dryflex Circular MWR lines, which use material recovered from post-use maritime ropes and fishing gear. The company worked with Plastix, a Danish plastic recycling company specialising in sorting and recycling plastic fibre waste from the maritime industry, to develop the grades, which are available in 40 Shore A to 50 Shore


6 COMPOUNDING WORLD | June 2022


D hardnesses with 10 to 60 % recycled content. Colours include black, blue, green and mint. “We are continually investigating


new recyclate sources to support the shift away from virgin materials,” said Jill Bradford, Global Marketing Manager at Hexpol TPE. “What drew us to working with Plastix was the controls and quality of their products and that their work is evidence-based.” �www.hexpoltpe.com �www.plastixglobal.com


www.compoundingworld.com


IMAGE: RADICI GROUP


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