NEWS
TecPart reports gloom in German industry
TecPart, the Association of Technical Plastic Products in Germany, reports that sales among the country’s plastics processors were €38bn in the first half of 2023, dropping by 4.6% com- pared to the previous year. Construction, the area with the highest turnover, lost the most with sales down by almost 11%, while packaging was down by 5.9% and consumer goods by 1.7%. The downward trend is attributed to inflation and higher interest rates. However, TecPart
members in technical part production experienced an increase in activity of 3%, equating to €10.7bn. This is said to be primarily a result of recent growth in vehicle
within important sectors like mechanical engineering, the electrical industry, and construction, have been reduced and there are said to be limited follow-up orders. This weakness in demand is leading to a surplus of plastics being produced which has depressed prices. Michael Weigelt, Manag-
Michael Weigelt, Managing Director of TecPart
production, which the VDA says is up by 15% on 2022. The outlook is less optimistic in other areas where there are clear signs of a diminishing economy for the second half of 2023. TecPart members’ orders
ing Director of TecPart, said: “If the economic framework conditions are not improved quickly and significantly, we will have too few companies [able to] finance the transformation wanted by the government. Without the economic driving force of Germany, Europe is also in danger of failing.” �
www.tecpart.de
US Merchants’ growth plan
US-based tote box manufac- turer US Merchants has opened a new production plant in Phoenix, AZ, equipped with 69 injection moulding machines including several all-electric, 2,000-ton LS Mtron ma- chines. A second facility is
coming to Houston, and the company also plans to open further plants in Montreal and the UK. Speaking about the planned UK facility, com- pany president Jeff Green said: “It will be our first overseas plant and it will
lead us into a lot more business with the ware- house clubs and mass merchants in Western Europe. We already sell products in the UK, Spain, France, Iceland, and more, and we expect that to grow.” �
http://usmerchants.com
DuPont to sell 80% of
Delrin unit DuPont has confirmed plans to sell 80% of its Delrin acetal (POM) business to private equity group TJC (formerly The Jordan Company) by the end of the year, subject to regulatory approvals. The deal is valued at
around $1.8bn. The unit being sold produces acetal homopolymers, used in high-load me- chanical applications such as conveyer belts, safety restraints, gears and medical devices. DuPont Executive Chairman and CEO Ed Breen said the deal “largely completes our planned exit of the former M&M segment, advancing our position as a premier multi-industrial company. We are excited to partner with TJC given their successful track record of creating value through an operations-focused approach and are
confident in their ability to drive growth and oppor- tunity for employees and customers of the Delrin business.” �
www.dupont.com
Netstal appoints sales agent for Mexico
Injection machine maker Netstal has appointed iTech-Global as sales agent for Mexico. Based in Querétaro, iTech-Global has a strong presence in the region and considerable expertise in the same market segments as Netstal’s core business. Under the agreement, Netstal will continue to operate the
www.injectionworld.com
service and spare parts business internally from its site in Querétaro. Doug Haberman, President of
Netstal’s US subsidiary and sales director for the Americas region, said: “We are extremely excited to add an agency with iTech’s credibility to our sales team. Their experience and
position in the PET preforms and packaging segments are a perfect complement to our focus areas. With the relaunch of the Netstal brand in Mexico, we have found the ideal partner to expand our business in this strategically important region.” �
www.netstal.com
September 2023 | INJECTION WORLD 5
IMAGE: TECPART
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