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NEWS


NEWS IN BRIEF...


Pentafin is to list its Piovan Group business on the Italian MTA stock exchange. Around 35-40% of the shares are expected to be offered, with the process expected to be launched by the end of 2018. During the six-month period to the end of June this year, Piovan generated sales of €127.4m. www.piovan.com


Silicones giant Momentive and an investor group comprised of SJL Partners, KCC Corporation and Wonik QnC Corporation have entered into a definitive merger agree- ment which will see it acquired for a sum of $3.1bn, including assumed net debt. www.momentive.com www.kccworld.co.kr http://www.wonikqnc.com


Eni subsidiary Versalis has won an Italian court-or- dered bidding process for the insolvent Mossi & Ghisolfi’s Group’s ‘green’ biomass-based chemical activities. www.versalis.eni.com


Italian machinery trade balance weaker in H1


Italian imports of plastics and rubber processing machinery grew by 23% in H1 2018 compared to the same period last year while exports edged only fraction- ally up. This meant the trade balance fell by 7% and is attributed to “the lacklustre performance heralded in the early months of the year”, according to the country’s plastics and rubber machinery trade association Amaplast. The plastics machinery industry was still over €1bn in the black in total, but €14m in the red for injection moulding machinery. “The dynamism of purchases from abroad may be interpreted as renewed faith in the domestic market, mainly due to investment incentives that are likely to be renewed and naturally hoped for by businesses in the industry,” Amaplast said in its analysis. Strongest growing import sectors included injection moulding machines (+31%), blow moulding machines (+75%), flexographic


printers (+111%) and moulds (+12%). This was driven mainly by strong demand from the packaging sector, which grew by 14% last year and has continued on a strong growth path in 2018.


Amaplast said Germany


remains the largest exporter of plastics machinery to Italy and widened its lead over China in H1. Europe remains the


largest export market for Italy’s plastics machinery firms, accounting for 61% of the total, although export sales were static year-on-


year. The NAFTA countries were in second place and saw a 7% increase in sales. Russia, which had a very strong 2017, saw a major decline. Sales to Asia, Oceania and the rest of Latin America were down. According to Amaplast


president Alessandro Grassi, its members’ July order books were stable to slightly up on both June 2018 and July 2017. “This gives us reason to hope for a rebound in production and exports in the last quarter of the year,” he said. � www.amaplast.it


Italian plastics machinery exports by destination (% share and ∆% H1 2018/H1 2017)


Source: Amaplast


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