Netstal sale to Krones AG signed
KraussMaffei is selling its Swiss subsidiary Netstal Maschinen AG to Krones AG, a a long-standing Netstal customer that manufactures machines for filling and packaging beverages and liquid foods.
Sale
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Paolo Gasparotto, comes back home in a new vest: Group Sales Director!
After two years venturing the North American market where Syncro Group USA is currently consolidating its new headquarters, Paolo Gasparotto, come back home in a new vest: Group Sales Director.
Europe R-PE continues to face tough trading conditions although some optimism remains
The majority of players expect recycled polyethylene's (R-PE) tough trading conditions to continue into 2024 due to ongoing bearish macroeconomic conditions, although many expect this to improve compared with 2023.
Polyolefins rise in value in Poland
The polyolefin market has started reviving in H1 January. Market players say that in addition to completing December deliveries, they already have new orders for PP and PE, with the former bought more frequently than the latter.
Polyolefins may rise in value in January
Demand has been low in the Polish polyolefin market in the last pre-holiday week, according to Chem-Courier’s data. Converters have been tapping into their raw material stocks or purchasing only small batches.
Encouraging preliminary results for Italian manufacturers of plastics and rubber processing machinery
According to estimates by the Amaplast-MECS Statistical Study Center, in 2023 the Italian plastics and rubber machinery production could set a new all-time record for the sector of over 4.8 billion euros, racking up a gain of at least three points over 2022.
LDPE value lost 20 EUR/t
According to traders, clients have been ordering both large lots of several hundred tonnes and small ones of under 24 t delivered on pallets.
Polyolefins to keep getting cheaper in December
Despite raw material depreciation, converters did not buy more, they continue to purchase raw materials only on an as-needed basis. Some of them are using the stocks built during previous months
Polish traders offer discounts on polyolefins
Polish converters continue to buy polyolefins on an ad hoc basis, and if possible, hold off new purchases in anticipation of further price cuts. Packaging remains one of the most active consuming industries.
Buying activity slugglish in Poland
Although polyolefins have got cheaper this month, converters have still been holding off restocking and have been reduced purchases compared with October.
Market players await polyolefin price announcement
Monomer contract prices were announced early this week.
November outlook for Polish poliolefin market uncertain
Converters, as usual, have been sluggish in the market in late October. All of its players have been waiting for new price announcements.