NEWS
Biesterfeld opens new centre
Distributor Biesterfeld has opened an 800 m² Lab & Innovation Centre at its headquarters site in Hamburg, Germany, integrating an existing laboratory. The centre also features a confer- ence room, as well as a presentation and meeting area. Biesterfeld has other regional laboratories in Norway, Turkey and Poland. The centre will be used mainly for applica- tion-related laboratory activities, including the development of new formulations, and carrying out product tests and customer-specific project work. The laboratory will also be used to screen new raw materials from partners and to conduct compara- tive studies. �
www.biesterfeld.com
Techniplas completes ownership change
Techniplas has completed its transition to new owner- ship following a sales process under Chapter 11 bankruptcy in the US. It will continue to operate under the same name, with Ali El-Haj remaining in place as CEO. The company, which is based at Nashtotah, Wiscon- sin, supplies highly engi- neered plastic components mainly to the automotive sector, plus the general industrial, consumer, medical and other markets. As part of the sale order, which was approved by the US Bankruptcy Court for the District of Delaware on 12 June and closed a week later, Techniplas executed a sale of its core assets to some of its existing inves- tors. Three of them – Bay- side Capital, Amzak Capital Management and Jordan Company – have since injected $50m in cash into
Above: The main market for Techniplas products is automotive
the firm, enabling it to “have significantly less debt and more liquidity to invest in sustainable future growth”. “I am excited to lead
Techniplas into our next chapter, strengthened with a right-sized balance sheet and backed by our inves- tors, who have proven experience in supporting companies like ours through the next phase of growth,” said El-Haj. “We enter this new phase with renewed
energy and enthusiasm to meet the needs of our strategic customers.” El-Haj added that the company continued to serve essential businesses throughout the sale process and the Covid-19 pandemic. “Now, with all of our facilities resuming operations, we are even better positioned to continue serving our custom- ers with our high-quality solutions and service.” �
www.techniplas.com
Neste and Jokey work on renewables
The collaboration focuses on Jokey’s injection moulded packaging
Materials group Neste and injection moulded packaging firm Jokey have started collaborating to develop rigid packaging from sustainable renewable and recycled materials for food and non-food applications. This will use Neste’s biomass-based material from sources including waste and residue oils and fats, plus chemically recycled plastic waste. The two companies said that these materials are well suited to rigid
packaging applications and that the plastics produced from them are compatible with existing production and recycling infrastructures. Their quality is identical to conventional plastics and they can be used safely in healthcare and food packaging, among other sensitive applications. Neste and Jokey, which is based at Wipperfürth, Germany, and has 15 plants in 12 countries, added that they are aiming to deepen their collaboration. However, they have also invited other value chain partners “to join in their mission to develop circular plastics value chains and more sustainable plastics solutions”. �
www.neste.com �
www.jokey.com
6 INJECTION WORLD | July/August 2020
www.injectionworld.com
IMAGE: JOKEY
IMAGE: TECHNIPLAS
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