PRA News

Swiss speciality materials firm Clariant is to sell its Healthcare Packaging business to a newly-formed affiliate of Arsenal Capital Partners. The total consideration of the sale amounts to approximately CHF308 million payable at closing, which is expected in Q4 2019. The total consideration is equivalent to 13.2 times adjusted FY2018…

Machinery maker Sidel has acquired Cognac Moules Emballages Plastiques (Comep), a French producer and designer of moulds for PET, adding further strength to the group in the manufacturing of moulds and tooling. Comep was created in 1998 to focus on the design and manufacturing of moulds for PET bottles. Based…

Japanese automotive parts supplier Toyoda Gosei Co.’s production subsidiary in Vietnam, Toyoda Gosei Haiphong has started operations at its new plant recently. The plant located in Thai Binh, near Hanoi, will produce airbag and steering wheels components. Spanning an area of 34,000 sq m, the plant is Toyoda’s second in…

AkzoNobel is to acquire French aerospace coatings manufacturer Mapaero, to strengthen its global position in aerospace coatings, notably in the structural and cabin coating sub-segments, and contribute directly towards delivering the company’s 2020 guidance. AkzoNobel to purchase Mapaero to strengthen its global aerospace coatings business Established in 1992 and specialising…

US-based Lubrizol Corporation has acquired Bavaria Medizin Technologie GmbH (BMT), a manufacturer of both intravascular (coronary, peripheral, and cranial) and nonvascular devices, including drug-coated balloons, from its current majority shareholder Custos Vermögensverwaltungs GmbH as well as from the minority shareholders. Lubrizol says this acquisition builds upon its expertise in precision…

Japan’s Toray Industries is to establish a new production facility for battery separator film (BSF) for lithium-ion batteries (LiBs) in Nyergesújfalu, Hungary. The new production facility will be located at Toray Industries Hungary Kft. (THU), which was established in 2018, and will increase the Toray Group’s total BSF production capacity…

Russia-based Rustark, located in Lipetsk, in the south of Moscow, has started construction of its EUR200 million production plant to produce starch products and biopolymers, using wheat as a feedstock. The new facility will be built in four stages over a period of 10-15 years, the company said. The first…

Automotive parts supplier Röchling Engineering Plastics SE & Co. KG has invested in the expansion of its location in Haren, Germany. It is investing EUR9 million in building a new building to house its R&D centre, which will be completed by 2020. The building will also have an exhibition area,…

France’s automotive parts supplier Plastic Omnium has opened two R&D centres in Belgium and China with an investment of EUR100 million, and which are focused on emissions control and fuel systems, as well as new energy developments. The Chinese centre, known as ω-Omegatech, housing 150 engineers and technicians in Wuhan,…

Keen on taking on challenges, Germany-based injection moulding machine maker Arburg will showcase what it says are two prominent issues affecting the plastics industry currently: digitalisation and the sensible use and recycling of plastics, at the K2019, to be held from 16 to 23 October 2019 in Düsseldorf, Germany. In…