The year 2009 was dominated by the global economic crisis. As a consequence, the 2009 business year was for Krones AG, the world´s market leader for beverage filling and packaging technology, probably the most difficult in the company´s 59 years of existence.
The outlook for plastics and rubber machinery has improved further. The final quarter of 2009 closed with orders for German machinery up by a nominal 35 per cent. October 2009 saw a resumption of demand growth for the first time since early 2008. This trend continued in the two months that followed.
The first signs of recovery on the world self-adhesive label industry probably began late last spring but, as with the start of all ‘green shoots’, only the merest tip of growth was showing. It is going to be some while until we begin to gather a harvest comparable in size to the ‘good old days’ of selfadhesive
Polymers and petrochemicals group Ineos is considering a relocation of its headquarters and tax residence from the UK to Switzerland. It said potential cash tax savings would be €450m between now and 2014 if it went ahead with the move, which would need the consent of its lenders.
Engel and Mitsubishi Heavy Industries Plastic Technology Co., Ldt. (MHI-PT) have made a cooperation agreement concerning the marketing of large-scale Engel multi-component injection moulding machines for Japanese customers. The purpose is to distribute Engel duo combi-machines with clamping forces 1.000 tons and lower in Japan jointly under the brand name Mitsubishi-Engel.
German Engineering Federation (VDMA: Domestic plastics and rubber machinery sales fall less sharply than forecast but the market situation is still uncertain.
- Coca-Cola does it, Frito-lay does it and so too do Samsung and Hyundai. This is how Andy Sweetman, Chairman of the European Bioplastics’ Board summarises the fact that an increasing number of renowned brand owners are turning to bioplastics to enhance their products image.
A. Schulman reports improved fiscal 2010 first-quarter results.
Russia: good long-term prospects inspire confidence in plastics and rubber market.
BASF has developed a fully biodegradable packaging system for its Interceptor insecticide-treated mosquito nets.
Motan, Colortronic and Colortronic Systems join forces and combine their sales organizations.
Borouge, a joint-venture between the Abu Dhabi National Oil Company, one of the world’s major oil companies, and Borealis, a leading provider of chemical and innovative plastics solution, is expanding its marketing, sales and innovation capabilities in Guangzhou and Shanghai, China.
