Krones continued its profitable growth in the first six months of 2024 and remains very optimistic for the full year. The company’s markets are largely unaffected by economic fluctuations and customers continue to be very keen to invest. After a good first quarter, demand for Krones’ products and services continued to
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Christian Maget appointed as CEO and Anatol Sattel as CSO, effective 1 September 2024 – Sumitomo (SHI) Demag, Schwaig, has announced the next phase of the company’s succession plan following the retirement of incumbent CEO Gerd Liebig, who has led the Group for nine years. Effective 1 September 2024, Christian Maget
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ProMach, well-known for its processing and packaging machinery, announced that it has acquired MBF, a producer of bottle-filling and closing machines for distilled spirits around the world. The addition of MBF further expands ProMach’s bottle-filling and closing capabilities and represents the company’s second acquisition in the Italian market this year. Founded
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CCL Label, a world leader in labels and packaging, announces the inauguration of a new production facility for shrink sleeve labels in Tibi, Spain near Alicante. “We are very excited to offer shrink sleeves produced in Spain for local brands and multinational brands operating in Spain. Investing into local production follows
Read moreThe independent investment subsidiary of Investindustrial VIII acquires Piovan Group, a global manufacturer of auxiliary machineries and solutions for processing automation. Investindustrial VIII has entered into a sale and purchase agreement that will trigger a mandatory tender offer to ultimately delist the company. After the mandatory tender offer, Investindustrial will own
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For the last six months, the GreenDot Group and Shell Chemicals Europe B.V., a subsidiary of Shell, have been exploring ways to collaborate to try to deliver additional business outcomes across circular chemicals and polymers for Europe. These discussions have now resulted in GreenDot supplying pyrolysis oil to Shell Chemicals Europe
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Chemical company Indorama Ventures collaborated with the Bangkok Metropolitan Administration (BMA) and the Department of Education under the BMA to host the ‘PET Youth Camp for Sustainable Plastic Management’ program. The camp brought together 60 teachers and students from 20 BMA schools to engage in activities that foster young leadership in
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Ioniqa, a privately owned plastic upcycling company, announced that after 15 years, Ioniqa’s founder Tonnis Hooghoudt is handing over his CEO role to Michiel Hoogendijk as of July 8, 2024. Hooghoudt will remain shareholder of the company and stay actively involved as an advisor to the Management Team of Ioniqa. Since Hooghoudt founded Ioniqa in
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In June 2024, Plast Nordic entered into a collaboration with Norner, an expert in the polymer industry, with over 40 years of experience. Based in Porsgrunn, Norway, Norner operates advanced laboratories, polymerisation units, and industrial-scale process pilot plants. Norner is owned by SCG Chemicals in Thailand and serves over 700 customers
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Chemical producer Indorama Ventures announced it secured a new 7-year loan totaling $200 million from the International Finance Corporation (IFC) to help fund the continued growth of the company’s strategic sustainability programmes in India, Thailand and Indonesia, and promote a circular economy as a leading PET recycler. The loan from the
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Carbios and Chinese Zhink Group, one of China’s Top 500 Private Enterprises, specialising in two global industries, PET and textiles, announce the signing of a joint Letter of Intent to build a biorecycling plant in China using Carbios’ enzymatic depolymerisation technology to serve the global market. This agreement officialises collaboration towards
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