The globally operating ENGEL Group has closed the 2024/25 financial year with a turnover of approximately EUR 1.5 billion. Despite a continued decline in market conditions, the injection moulding machine manufacturer held its ground against European competitors.
Perstorp and BRB inaugurated a new innovation hub in Shanghai, China. This advanced laboratory opened on April 17th and will support growth in the region by increasing technical support for customers with a specific focus on the Asian market.
B.I.G. Yarns, a leading designer and manufacturer of polyamide, polypropylene), and polyester carpet yarns for commercial, automotive, residential, and technical applications, is proud to announce a significant investment of €25 million in its French yarn production site.
On April 19, FCS held an Open Day event at its new factory in Qianwan, Ningbo, under the theme "Innovation Without Borders, Win-Win Collaboration." FCS joined industry partners, technical experts, and global customers in initiating a wave of innovative sustainable development.
BASF announced the start-up of the world’s first commercial loopamid plant. The production facility at the Caojing site in Shanghai, China, has an annual capacity of 500 metric tons and marks an important step in the supply of sustainable products for the textile industry.
Husky Technologies, a global leader in injection molding technology and solutions, is reinforcing its commitment to India with expanded facilities, technology innovations, and service enhancements designed to support the country’s emergence as a global sustainability leader.
Husky Technologies is reinforcing its commitment to the Latin America market with a comprehensive tradeshow presence throughout the region, exhibiting at both Plastimagen taking place in Mexico City and Plástico Brasil taking place in São Paulo, Brazil.
Xycle, a pioneering startup committed to advancing a circular economy for plastic through chemical recycling technology, announces it has successfully secured financing to fund the construction of its first commercial-scale plant. The funds secured are a combination of equity investment from a consortium of investors; Dow, ING, Invest-NL (partly covered by InvestEU) and Vopak, and senior debt from Polestar Capital.
ENGEL is strengthening its market presence in the Americas with the grand opening of a new production facility in Querétaro, Mexico.
In a challenging market environment, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the full year 2024 to €7.9 billion.
Husky Technologies, a global leader in injection molding technology and solutions, is pleased to announce the appointment of Balaji Suresh to Chief Operations Officer (COO).
The Vecoplan Group can look back on a successful financial year 2024, despite the difficult economic situation. The company, which specialises in machines and plants for the processing of waste materials, was able to hold its own.
