NEWS IN BRIEF...
Constantia Flexibles has signed a joint venture (JV) agreement in India with SB Packagings. The JV will pursue organic and inorganic growth in higher added-value market segments. Constantia says the JV will help it strength- en its business in the region, and in market segments such as hygiene – where SB Packagings is strong. The agreement is expected to be finalised by the end of March.
www.cflex.com
https://sbpackagings.com
RKW Group has invested a “single-digit million” sum (in Euros) in a new 10-col- our printing line at its Echte site in Germany. RKW says the new printing line will allow it to produce more complex product images on its packaging. The Echte site produces industrial packaging, including its ProVent sacks (to package powdery goods such as cement), as well as valve sacks and trash bags. In August 2021, the company installed a five-layer extrusion line inaugurated at the site.
www.rkw-group.com
US grants available for PVC recycling projects
The US-based Vinyl Institute, which represents PVC manufacturers, has launched a grant pro- gramme to encourage recycling of the material. The programme, called
Viability, will provide up to US$1 million per year for the next three years from four US-based resin manu- facturers: Formosa, Oxy, Shintech, and Westlake. “Each year, more than 1.1 billion pounds of vinyl material is recycled in the
US and Canada,” said Ned Monroe, president and CEO of the Vinyl Institute. “However, post-consumer material accounts for less than a fifth of that total.” He said the scheme should help the industry reach its goal of increasing post-consumer recycling volume to 160 million pounds by 2025. Grants are available to
organisations such as trade associations, material recovery facilities and
recyclers – in amounts up to US$500,000. Funds can be used for everything from equipment and process investments to research and development or educational programmes. The first round of applications is due on 1 March 2023. “It is our responsibility to identify pathways to grow PVC recycling,” “We are eager to identify worthy vinyl recycling pro- grammes.” �
www.vinylinfo.org
Amaplast: Italy expects to see flat growth in machine sales for 2022
Italy expects to see a 1% growth in plastic machinery production in 2022. Amaplast, which repre- sents machinery manufac- turers, says the figure – which amounts to sales of €4.5 billion (US$5bn) – “con- solidates the recovery seen during the previous year”. In 2022, exports – which
represent about 70% of production – are expected
to grow by 2% (to exceed €3bn), domestic sales by 1% and imports by 5%.
In the first nine months of
2022, the main growth markets were Asia (espe- cially India), South America (especially Colombia) and Europe. At the same time, sales to Africa declined. However, Amaplast sees “low or negative growth” in 2023 – with an expected
downturn of “a few percent- age points”. “Companies will have to
make significant effort to innovate in order to improve their machinery and stay abreast of increasingly specialised demand – espe- cially as regards sustainabil- ity and energy efficiency,” said Dario Previero, presi- dent of Amaplast. �
www.amaplast.org
Tape manufacturer buys into Malaysia
Advantek, a US-based producer of carrier tape and precision compo- nent packaging, has acquired LKTT Plastic Technology of Malaysia. Financial terms of the transaction have not been revealed. LKTT has more than a decade of
experience in carrier tape manufac- turing with a focus on complex designs for connectors, shields, and
8
other components. It has customers across the ASEAN region.
“Customer service – including local manufacturing capabilities – is a key component of Advantek’s business,” said Wim Goossens, president and CEO of Advantek. “Establishing a manufacturing footprint in Malaysia is an important step in our plans.” �
www.advantek.com
FILM & SHEET EXTRUSION | January/February 2023
www.filmandsheet.com
IMAGE: ADVANTEK
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