Finnish plastic pipe extruder Uponor has a new suitor, and this one might make it all the way to the altar. Swiss industrial group Georg Fischer has made a €2.1 billion ($2.26 billion) bid to buy the company, which received a thumb’s up from Uponor’s largest shareholder, Oras Invest Oy. Belgium-based Aliaxis made an unsolicited €1.9 billion offer to buy Uponor in April with the aim of forming a “global leader…
Duraco Specialty Materials makes its fifth acquisition in three years.
For decades now, China has been all up in our business. From displacing entire manufacturing sectors and competing unfairly with US moldmakers to championing a truly singular definition of intellectual property, China has been a thorn in the side of the plastics industry. You can add China’s pursuit of self sufficiency in plastics to that list, according to some industry observers. Paul Hodges, a business consultant who sits on the ICIS advisory board and…
The next phase of the plastics treaty talks will get down to specifics on what countries could — and could not — be required to do.
A three-year consent decree resolves the case, requiring Pretium to pay more than $125,000 to two female machine operators as well as $2,500 each to an additional group of former female employees.
Leverwood Knife Works has recently invested more than $3 million to expand its Red Lion, Pa., factory.
All systems are go at Engel North America’s expanded automation center at company headquarters in York, PA. The renovation that began in August 2022 culminated with a ribbon-cutting ceremony on June 7, 2023, unveiling 15,000 square feet of production, office area, and logistics space, providing room for increased operations. The expansion doubles the amount of space that was previously available. With 13 projects running in parallel, the expanded facility has…
Sabic will highlight material solutions suited for the electric vehicle supply equipment (EVSE), battery, solar, and wind industries at the smarter E Europe 2023 event in Munich, Germany, this month. Sabic’s specialty resins, compounds, and co-polymers include bio-based, recycled, and upcycled solutions that contribute to sustainability, as well as grades with performance enhancements and new designs for applications across these rapidly expanding sectors. As an example of this effort, Sabic…
Clean Vision Corp. expects to spend at least $50 million on a pyrolysis plant to convert use plastics in West Virginia.
Phillips-Medisize has begun the process of permanently closing its plant in Medford, WI, where it employs approximately 170 people, according to reporting from various media outlets. The facility will close permanently by the end of 2023 and production will move to a company plant in Phillips, WI. A contract design and manufacturing organization (CDMO) with considerable injection molding capabilities serving the medical device and pharmaceutical industries, among others, Phillips-Medisize notified state officials in…