Germany-based Evonik Industries has finalized the sale of the AlzChem Group to the Luxembourg-based private equity fund bluO. The deal was closed on October 27, 2009, after it was approved by the boards and the relevant antitrust authorities. Less debts, the cash sale price amounts to €78.5 million.
Plastics and rubber machinery manufacturers in Europe: hopes for Recovery in 2010 after a Serious Fall in 2009.
Pregis Corp., a leading supplier of protective packaging solutions, launches The Advantage Team customer service brand and “we make it happen” tagline.
Greiner Packaging AG Switzerland, a company of Greiner Packaging International, will sell its product segment composite cans by 31 May 2009.
In summer last year the manufacturers of tin plate packaging and closures still faced drastic rises in the price of supply materials. Then the December motto ran: feedstock prices for sheet steel packaging no longer follow spot market prices. The result is great insecurity amongst steel processing companies and their industrial buyers.
Global demand for plastics processing machinery should grow nearly 5% a year for the next four years with sales in developing countries outpacing the US, Western Europe and Japan, according to Freedonia Group.
The Dow Chemical Company announced a series of aggressive actions to accelerate its transformational strategy in light of current economic realities.
The highly specialized Swedish injection molding company, Holmgrens Plast AB in Gnosjö, equipped their machine outfit in 2008 with the fully electric Zhafir Venus series and appears to be satisfied with this decision.
With 150 million Euro, the three Engel Deutschland sites have booked their highest turnover of all ages. This actually means an increase of 70% over a period of five years.
Erema, the Austrian manufacturer of plastic recycling systems, ended its 2007/2008 fiscal year on 31 March this year, once again with record turnover figures. The figure for consolidated turnover achieved by the Erema Group, comprising Erema Engineering Recycling Maschinen und Anlagen Ges.m.b.H., Ansfelden with its subsidiaries Erema North America Inc., located in Ipswich/MA, and 3S-GmbH in Roitham, reached EUR 102.4 million for the period from 1 April 2007 to 31 March 2008.
Saudi Basic Industries Corp. (SABIC) made a net profit of SR27 billion in 2007, an increase of 33 percent from 2006. Full-year earnings per share were SR10.81 versus SR8.12 by the end of 2006, it said in a statement.
The Biesterfeld Group looks back on the most successful year in its more than 100 years company history. In 2007 the Biesterfeld Group achieved an increase in turnover over last year of 21.2 % to ? 836.5 million. The operational result (EBITDA) even increased by 28.5 % compared with the previous year to ? 34.6 million.
