NEWS


Alliance says converters have been put in ‘impossible position’


The Polymers for Europe Alliance has once again spoken out against materials suppliers making surcharges. In January 2022, the alliance pub- lished a statement highlighting the issues that had been affecting plastics manufacturers and converters since the arrival of Covid. These included material shortages, disruption to supply chains, unprecedented price increases, unpredictable fluctuations in demand, and escalating energy costs. Some of these issues, including the availability and cost of many commod- ity polymers, were starting to show


signs of improvement, it said in a new statement. But something proving to be particularly problematic were energy surcharges, many of which have been structured in such a way as to be virtually impossible to


recover further down the supply-chain, it said.


Traditionally, costs of this type have been incorporated in price indices and reflected in agreed pricing formulas with converter customers. The Polymers for Europe Alliance said it was therefore difficult to make a case for additional surcharges covering costs that were thought to have


Valeo and SRG Global form strategic automotive alliance


Valeo has announced a strategic alliance with SRG Global to develop the next generations of illuminated exterior front panels for the automotive industry. Valeo is a specialist in visibility systems, which include lighting and wiping systems, while SRG Global is a manufacturer of high value coatings on plastic. It is


hoped the combination of the companies’ respective expertise will lead to new innovative solutions, enabling highly integrated and stylized exterior lighting. Valeo President Maurizio


Martinelli said: “I look forward to enforcing this strategic partnership that puts Valeo and SRG Global among the biggest players


in the automotive exterior front central area that will grow with vehicle electrifica- tion. I am confident that the teamwork and the comple- mentarity between Valeo Lighting Systems and SRG Global will improve custom- er satisfaction and bring additional business oppor- tunities to both parties.” �www.valeo.com


BEC Group invests in UK facility


BEC Group has invested in new machinery across its facility in New Milton, Hampshire, UK. An Arburg Allrounder 570 C with a clamping force of 200 tonnes was installed in September to replace an older version, the newer model coming with an Arburg AES energy saving system for lower energy


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consumption. This was followed by the installation of a Boy 60EVV machine, which has a clamping force of 600 kN, and a new XYZ 2000 Manual Milling Machine which has been brought in to increase capacity for tooling. � www.becgroup.com


INJECTION WORLD | November/December 2022


already been incorporated in negotia- tions, and consequently, many were withdrawn. The alliance said it was regrettable


that this type of increase has re- emerged in some places, especially as until recently some semblance of normality appeared to be returning to the plastics supply chain. “At a time when suppliers’ hedging arrangements are infinitely variable and the impact government support to control energy costs is also anything but clear, it is putting converters in an impossible position to ask them to pass these costs down the supply chain. Absorb- ing them at some of the levels pro- posed would eradicate industry margins,” it said. � www.polymercomplyeurope.eu


Latest SyBridge


takeover Industrial technology company SyBridge has acquired Galway Tool & Mould in Ireland, expand- ing its presence in the high precision life sciences end-market. The transaction


represents the company’s first investment in Europe and its 13th acquisition since its inception. New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200m of equity capital to create a market leading manufacturing group. �www.sybridgetech.com


www.injectionworld.com


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