Plant Expansions

Packaging machinery supplier PackSys Global AG of Switzerland will sell its subsidiary, PackSys Global (Thailand) Limited, to Swiss engineering, machine construction, IT solutions and packaging technology firm Benpac Holding AG. PackSys Thailand manufactures lines to make monobloc aluminium aerosol cans and aluminium tubes as well as printing machines for metal…

US packaging firm Sealed Air Corporation is to acquire Automated Packaging Systems, Inc. (APS), a manufacturer of automated bagging systems, for a purchase price of US$510 million on a cash and debt free basis. APS provides full flexible packaging systems, and is known for inventing Autobag bagging machines and pre-opened…

Belgium PU foam maker Recticel has rejected an unsolicited, non-binding US$791 million offer from Ireland’s insulation company Kingspan Group to acquire its insulation and flexible foams divisions. But Recticel added that it is still open to a takeover given the price is right. The company’s board unanimously turned down the…

US end products manufacturer Tekni-Plex says it has signed a definitive purchase agreement to acquire three manufacturing facilities from packaging giant Amcor’s Flexible Packaging business unit. The facilities, located in Madison and Milwaukee, Wisconsin and Ashland, Massachusetts, provide a broad portfolio of sterilisable medical device packaging substrates including coated and…

In line with its focus on the Chinese market, German automotive parts supplier Hella has signed further cooperation agreements at the recent Auto Shanghai motor show in China. “China is and remains one of the key automotive markets for Hella,” said its CEO Dr. Rolf Breidenbach. “Above all, China has…

Russian firm first to produce metallocene PE on existing line in Russia Meanwhile in other news, PJSC Kazanorgsintez (KOS) has successfully produced metallocene polyethylene (MPE) resin on its existing Unipol PE Reactor Line located in Kazan, Republic of Tatarstan, in the Russian Federation. The Unipol line was supplied by Univation…

Mitsubishi Chemical Corporation (MCC) says that it has completed its acquisition of the PVC compound business of Welset Plast Extrusions Private Limited in India and plans to construct a new facility to manufacture thermoplastic elastomers (TPEs) for automotive interior components and other products at MCPP India. Production is scheduled to…

US-based Blackstone Group is to buy a 51% stake in Essel Propack Ltd, India’s largest speciality packaging provider and the largest global manufacturer of laminated tubes, from one of the founders of Essel Group, the Ashok Goel Trust. Ashok Goel Trust and its affiliates currently hold 57% of Essel Propack.…

In order to improve service and customer satisfaction in the Indian market, machinery maker Nissei Plastic Industrial has opened a branch office in Chennai, Southern India. Its operation started in January. The Indian government has been pushing stricter environmental and emission regulations. As more electric and lighter vehicles are made…

PPG just announced that it has completed its acquisition of automotive coatings manufacturer Hemmelrath. Financial terms were not disclosed. Headquartered in Klingenberg, Germany, Hemmelrath is a manufacturer of coatings for automotive original equipment manufacturers (OEMs). The company supplies automotive plants worldwide, and more than 7 million vehicles are coated with its products each year.…