In the first quarter of 2021, Italian plastics and rubber processing machinery manufacturers in the trade association Amaplast recorded double-digit increases in orders and turnover over the same period in 2020.
Oben Group announced the acquisition of Poligal Group, effective February 25, 2021. This acquisition includes the BOPP and CPP production plants in Portugal and Poland, commercial offices in Germany and an extensive sales and distribution network throughout Europe.
A US$1-trillion loss from the pandemic, estimated by the United Nations Conference on Trade and Development (UNCTAD), is an expensive lesson to learn for global economies while recovery anticipated remaining lethargic in 2021.
bp and SABIC have just signed a new agreement to work together to drive circular economy in the petrochemical activities at the Gelsenkirchen (Germany) chemical complex. Building on a long established relationship between the two companies at the production site, the new collaboration will help to increase production of certified circular products.
The Polymers for Europe Alliance was set up by the European Plastics Converters association (EuPC) in 2015 due to the shortage of polymers for converters in Europe.
ISTAT foreign trade data for the first nine months of last year, compared to the same period in 2019, show imports and exports falling by 17% and 14% respectively. The balance of trade, while still amply positive at over 1.3 billion euros, has shrunk by thirteen points.
Due to protection measures against coronavirus, consumers no longer bring their durable bags to supermarkets, said Turkish Plastic Industrialists Research, Development and Education Association (PAGEV).
We are thrilled to inform that Vostock Capital remains a reliable partner. We do our best to strengthen business relations of successful companies.
Total packaging industry deals for February 2020 worth $823.28m were announced globally, according to GlobalData’s deals database.
China is one of the largest export markets for the German plastics processing machinery industries. Therefore, the VDMA Plastics and Rubber Machinery Association has been keeping close eye on the latest developments related to the coronavirus outbreak.
In consideration of the measures adopted by the Government with regard to the spread of coronavirus, Amaplast underlines that to date its member companies have implemented all the actions required by legislation to protect the health and safety of their employees.
At the last edition of the trade fair duo comprising interplastica and upakovka there were already signs that the Russian market was moving out of the trough again – at least for the packaging and related processing industry as well as for the plastics and rubber industry.
According to a newly published report by AMI, European demand for PP compounds has stalled since the middle of 2018 caused by mounting issues in the automotive industry.
During a meeting held in Düsseldorf at the K trade show, the three Presidents of the European plastics industry associations agreed to oppose the Italian Government’s tax proposal of 1000 € per ton of plastic packaging.
The Asian region is buckling down on major trends and issues to achieve a future “perfect” economic growth, which will have a ripple effect on the plastics industry.
