NEWS
NEWS IN BRIEF...
Revere Industries has agreed to sell its North American injection moulding operations to Ardian, an independent private investment com- pany. Revere Plastics Systems, which has approximately 1,100 employees, has its head- quarters facility in Clyde, Ohio, and three additional manufacturing facilities in Indiana, Missouri and Ontario, Canada. �
www.revereplasticssystems.com
Reynolds Group Holdings announced it has entered into an agreement to sell the Asian packaging operations (excluding Japan) of Closure Sys- tems International and Graham Packaging Guangzhou to Pact Group Holdings. The sale price is $99m, subject to certain financial adjustments. The transaction is expected to close in the first quarter of 2018, pending final regulatory approvals. �
www.csiclosures.com
Westfall Technik, a newly formed global holding company led by industry veteran Brian Jones, has acquired Fairway Injection Molds and Integrity Mold. The two firms are based at Walnut, California, and Phoenix, Arizona, respec- tively. Westfall will supply the medical, packaging and consumer goods sectors. Westfall Technik said it plans to grow organically and through acquisitions. �
www.westfall-technik.com
4
Europe’s machine firms see exports on the rise
Plastics and rubber machin- ery makers in both Germany and Italy recorded strong export performances for the first half of 2017, with Germany posting a 3.8% growth year on year and Italy 14.6%. According to the German plastics and rubber machin- ery manufacturers’ associa- tion VDMA, the sector saw 1H exports grow by 3.8% year-on-year to €2.4bn. The strongest markets
were the US, up by 4.2% to €402.2m, and China, where sales increased by 19.2% to €310.7m. This followed a decline in sales in China in 1H 2016, largely due to German machinery makers setting up their own production locations there. Favourable exchange rates also boosted this year’s China figures. Mexico was also a strong
export market in 1H, up by 26.4% to €137.4m, and there was also good growth in the smaller markets of Russia, up 43.4% to €59.3m, and Brazil, up 78.2% to €35.3m. However, exports to EU countries were down
USA 17%
China 13%
Mexico 6%
Others 41%
Poland 4% France 3.5% Italy 3.5% India 3%
Czech Republic 3% UK 3% Spain 3%
German plastics & rubber machinery, export markets, % (H1, 2017) – Total = €2.4bn Source: VDMA
by 6.1% to €848m due to weaker performances in the important markets of Poland, France and Italy. Meanwhile, Italy’s plastics and rubber machinery association Amaplast (formerly known as Assoco- maplast) said 1H exports were up by by 14.6%. Sales within the main EU market were 20% up on 1H 2016 and in Russia more than doubled from €21m to €50m. The Americas were 10% up, mainly due to a strong performance in Brazil. NAFTA countries saw only
modest growth while Asia was stagnant, with China 12% down. Saudi Arabia and Iran were also weak. Amaplast president Alessandro Grassi said that Italian machinery makers also enjoyed “a parallel recovery in the domestic market, sustained in part by the stimulus measures implemented by the Italian government to support investment by manufactur- ers within an ‘Industry 4.0’ approach.” �
www.vdma.org �
www.amaplast.org
Coveris hires advisory firms
US-based packaging group Coveris Hold- ings said it is exploring strategic alternatives for its Americas and Rigid businesses and has retained Goldman Sachs and Wells Fargo Securities respectively to advise on these from Q1 2018. It said this is not expected to impact operations, ongoing commitments to customers or investment. The move follows realignment of the
INJECTION WORLD | November/December 2017
group’s operations into four business units: Americas, Rigid, EMEA and UK Food & Consumer. Coveris said that it had done this to “enhance how the company delivers service in response to changing market demands”, enabling global customers to have local partners with deep knowledge of their products and markets. �
www.coveris.com
www.injectionworld.com
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