NEWS
Ruplas is launched to assemble new plastics processing group
UK-based investment firm Opulentia Capital has established the Ruplas Group with the intention of assembling a new £100m plastics processing group and is looking to acquire convertors that have at least 10 years’ experience and revenues in the £4-30m range.
Bogdan Georgescu,
Director of Ruplas Group, said: “Our goal is to build a £100m revenue group in this space, acquiring and investing in plastics,
rubbers, and other related businesses. The model is to be [applied to] long established and well-run companies, which can benefit from being part of a larger group.” Bruce Margetts, current
MD of Bericap UK, has been brought onto the Ruplus Group Board of Directors. The UK plastics and rubbers industry has an annual revenue of £27bn GBP and employs 162,000 people. Opulentia says that despite these figures, it is a
fragmented segment comprising of 5,800 companies. Where there is fragmentation such as this, Opulentia says it is a specialist in consolidation with similar experience in the leisure and food industries. Recycled plastics will form a large part of the group as Opulentia sees this area growing significantly in the near future as the march towards more sustainable consumption continues. �
www.opulentiacapital.com
Luran S selected for the Grenadier
Ineos Styrolution has announced that its ASA polymer Luran S product has been selected by Ineos Automotive as the material of choice for the front grille of the Grenadier 4x4. Ineos Automotive was established to meet demand for a rugged and uncompromising off-roader, the Grenadier SUV, which began produc- tion in October. �
www.ineos-styrolution.com
Fanuc opens
Irish facility
Japanese robotics compa- ny Fanuc has opened its first dedicated facility in Ireland. The 500 m² train- ing centre and showroom in Maynooth, County Kildare, will provide cutting-edge automation technology, servicing, and training directly to Irish manufacturers. Fanuc specialises in factory automation for CNC control systems, robots, and production machinery, and has more than 8,000 employees. The Maynooth facility is the company’s 24th subsidiary in Europe. Martin Heydon TD, the government’s minister of state at the Department of Agriculture, Food and the Marine, and TD for Kildare South, said: “I would like to thank Fanuc for investing in Kildare. Automation is the future of manufacturing and Fanuc has a large foothold in the industry, so this is a huge vote of confidence for Kildare.” �
www.fanuc.eu
CamdenBoss commits to UK investment
Electromechanical components and enclosures manufacturer CamdenBoss has made a substantial investment in injection moulding technology, saying the move marks its commitment to UK manufacturing and provides a more resilient supply chain for customers. The company selected the latest
electric Arburg equipment which, along with the company’s recent investment in
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solar power and reduced transport mileage, significantly reduces the carbon footprint of its operations and accelerates its transition to net zero. This investment follows a 2021 move to the Galaxy Building in Mildenhall, Suffolk, where design, warehousing and manufacturing operations are all co-located to meet their customers’ requirements.
INJECTION WORLD | November/December 2022
MD Katy Davies said: “CamdenBoss has been committed to repatriating its injection moulding to the UK for several years, and this investment takes us to the next level of producing as much as possible as locally as possible to support our growing customer base efficiently, effectively and with greater resilience.” �
www.camdenboss.com
www.injectionworld.com
IMAGE: INEOS
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