NEWS
Röchling acquires PMP medical moulder in US
Röchling is to acquire Precision Medical Products (PMP) of Denver, Pennsylva- nia, in the US. PMP, which employs 120 people, is a medical technology specialist, with a wide range of services that include outsourced injection moulding for OEMs. It has grown in particular through its ability to make high-qual- ity precision components with extremely narrow tolerances. “The combination of our injection moulding exper- tise with PMP’s expertise in metal and fine precision technology will enable us to offer medical technology manufacturers in North America a broader range of services than before,” said Lewis H. Carter, president of
PMP is based in Denver, Pennsylvania
RPC shows big growth in sales
Rigid packaging major RPC Group saw a 36% growth in sales to £3.75bn in the year to 31 March. This was mostly driven by acquisitions, supplemented by 2.8% organic growth. Adjusted profit was up 38% to £425m.
Chairman Jamie Pike
Röchling Advent Tool & Mold and head of the Medical Plastics business unit. This acquisition further
expands the medical division of the Röchling Group, which offers stand- ard and custom plastic products for pharmaceuti- cal, diagnostic, surgical and
life science applications. Hitherto, Röchling Advent Tool & Mold, a full-service specialist in injection moulded plastic medical components based in Rochester, New York, had been the only Röchling Medical location in North America. �
www.roechling.com
LyondellBasell in Braskem talks
LyondellBasell has entered into exclusive discussions with Odebrecht, the control- ling shareholder of Braskem, regarding a potential transaction between LyondellBasell and Braskem.
In a June 15 statement, the companies said the discussions were prelimi- nary. The companies needed to complete appropriate diligence, negotiate definitive agree-
ments and obtain corporate approvals. They said they could give no assurance the discussions will result in a transaction. �
www.lyondellbasell.com �
www.braskem.com
said that the company had “continued to deliver its Vision 2020 strategy, which targets a balanced portfolio of cash generat- ing and growth markets and draws on the strength of both customer and supplier relationships”. The management has particularly been seeking acquisitions outside the packaging market. It also acquired
Nordfolien for €75m in a deal that was completed after the year ended, as well as Letica and Astrapak outside Europe. The firm has 189 operat- ing sites in 34 countries and non-European sales account for 22% of revenues. �
www.rpc-group.com
Sumitomo (SHI) Demag works with Piovan
Under an agreement that began last year, moulding machinery manufac- turer Sumitomo (SHI) Demag and Italy’s Piovan Group will develop and market complete systems, including machines and Piovan downstream equipment like the Aquatech cooling systems. Sumitomo (SHI) Demag will take on board the equipment at its European
6 INJECTION WORLD | June 2018
technical centres, as this allows them to offer customers the complete portfolio if required. The relevant equipment was chosen from Piovan’s general portfolio and adapted to suit the Sumitomo (SHI) Demag machine series. The two companies said they will mainly target the packaging industry, particularly injection moulding
applications like thin-wall products and closures. The cooperation will initially cater to Europe but will in time be global. They have already exhibited systems combining their respective offers at Chinaplas in Shanghai and NPE in Orlando this year. �
www.sumitomo-shi-demag.eu/ �
www.piovan.com
www.injectionworld.com
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