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NEWS


Sun to sell Elix Polymers


Sun European Partners is to sell Elix Polymers, the Spain-based manufac- turer of ABS resins and derivatives, to Sinochem International (Overseas) for an enterprise value of €195m. The deal is subject to customary regulatory approvals. Since being acquired


by an affiliate of Sun European in 2012, Sun says Elix has been transformed from “a production-focussed unit of a large chemicals conglomerate into a European stand-alone market leader with a best-in-class product and service offering”. Sales have increased and EBITDA has quadrupled as a result of operational initiatives like lean manufacturing and commercial excellence, Sun said. � www.elix-polymers.com � www.suncappart.com


Magneti Marelli’s products include automotive lighting modules


Calsonic Kansei and Magneti Marelli to merge


Fiat Chrysler (FCA) has agreed to sell Magneti Marelli, its automotive components business, to CK Holdings, the holding company of the Japanese automotive component supplier Calsonic Kansei in a deal with a transaction value of €6.2bn. This should close in the first half of 2019, subject to regulatory approvals. The combined firm will be the world’s seventh largest independent supplier of automotive


components, based on total revenues. It will have some 200 facilities and R&D centres across Europe, Japan, the Americas and the Asia-Pacific, as well as “enhanced scale, financial strength and the highly complementary nature of its combined product lines and geographic footprint”, it claimed. Beda Bolzenius, CEO of Calsonic Kansei, will lead the combined group, based in Japan. FCA has also agreed to a multi-year supply agreement


that will help sustain Magneti Marelli’s operations. CEO Mike Manley said that FCA had examined a range of options and saw this combi- nation as an ideal opportu- nity to accelerate Magneti Marelli’s future growth. “The combined business will continue to be among FCA’s most important business partners and we would like to see that relationship grow even further in the future,” he added. � www.magnetimarelli.com � www.ckeurope.com


United Caps to build new plant in France


The new United Caps plant will be close to its R&D centre in Messia, France


As part of its Close to You strategy, which emphasises manufacturing in close proximity to customers, Luxembourg-based caps and closures manufacturer United Caps is to build a plant at the Valfram- bert Business Park in Alençon, northern France. This will be its ninth worldwide, with two expansions also planned in Malaysia and the UK. The company said it is working with two local government agen- cies in the Alençon region to buy 25,000 m2


the €12m factory with a first construction phase of 4,000 m2


“We are especially interested in building a factory in Alençon because of its proximity to customers, who will have access to our full portfolio of solutions, and will also benefit from the proximity to our R&D centre in Messia if customisation or bespoke development is required,” commented CEO Benoit Henckes. � www.unitedcaps.com


6 INJECTION WORLD | November/December 2018 www.injectionworld.com


of land, on which to build .


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