News
Macro Engineering founder Mirek Planeta retires
by Canadian PlasticsAn extrusion machinery expert, Planeta founded Macro in 1978, and the initial focus of the company was improving air ring design, leading to the invention of the dual lip air ring.
Ontario-based compounder Optima Colour bought by industry veterans
by Canadian PlasticsCambridge, Ont.-based Optima has been acquired by a group of purchasers headed by Kurt Stahle, the owner of material supplier Simcoe Plastics Ltd.
ExxonMobil, Sabic proceeding with chemical plant construction in Texas
by Canadian PlasticsConstruction of the chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas will begin in the third quarter of 2019 and startup is anticipated by 2022.
W. Amsler makes first commercial sale for its PET barrier growler
by Canadian PlasticsThe beer growler was sold to Arch Brewing, of Newmarket, Ont., as a lightweight, event-friendly plastic alternative to glass.
Nordson names Sundaram Nagarajan as new president and CEO
by Canadian PlasticsNagarajan will succeed Michael Hilton, who is stepping down after almost 10 years with the company, effective August 1.
SPE Thermoforming Division adds new categories in annual Parts Competition
by Canadian PlasticsThe program rewards advances in thermoforming design and application.
Mitsubishi Chemical buys stock shape maker Advanced Polymer Technologies
by Canadian PlasticsHeadquartered in Stockton, Calif., Advanced Polymer Technologies extrudes stock shapes for the semiconductor, aerospace/defense, energy, and medical industries.
Plastics machinery shipments declined in early 2019
by Canadian PlasticsWhile 2018 ended with strong plastics machinery shipments in North America, 2019 has started soft, according to new figures from the Plastics Industry Association’s Committee on Equipment Statistics.
Royal Building Products buys DaVinci Roofscapes
by Canadian PlasticsHeadquartered in Lenexa, Kansas, DaVinci molds polymer roofing and siding products for high-end roofing applications.
Canada to ban single-use plastics by as early as 2021
by Canadian PlasticsA list of the banned items has not yet been announced.
Composite decking maker Trex investing $200 million at two U.S. facilities
by Canadian PlasticsThe investment, to be made over the next two years, will allow Trex to increase capacity by 70 per cent.
Improving Canada’s plastics recycling rate will take “radical changes”: report
by Canadian PlasticsThe report from Deloitte and ChemInfo Services shows that Canada’s plastics manufacturing sector is far larger than its recycling industry.
LyondellBasell drops its bid to purchase Braskem
by Canadian PlasticsAfter more than a year of negotiations, petrochemical giant LyondellBasell Industries NV says that it has ended talks with Braskem SA’s controlling shareholder, Brazilian construction conglomerate Odebrecht SA, to acquire Braskem.
Pregis bought by private equity firm Warburg Pincus
by Canadian PlasticsThe Deerfield, Ill.-based protective packaging and systems maker is being sold by it current owner, private equity firm Olympus Partners, for an undisclosed amount.
Krauss-Maffei Corp. president Paul Caprio stepping down
by Canadian PlasticsDr. Michael Ruf, chief operating officer of the KraussMaffei Group, will serve as interim president of KraussMaffei Corp. until a new leader is appointed.
GN Thermoforming names Jerome Romkey as new president
by Canadian PlasticsThe Chester, N.S.-based company, which manufactures roll-fed thermoformers for the production of plastic packaging, has also appointed Paul Phillips as its new sales and marketing manager.
Ineos to invest $2 billion in Saudi Arabia
by Canadian PlasticsThe investment to build three “world-scale” specialty chemical plants marks the British chemical giant’s first production footprint in the Middle East.
PET recycler Loop Industries gets $35 million in backing from Canadian billionaire
by Canadian PlasticsThe buyer of Montreal-based Loop’s stock, Northern Private Capital, is the exclusive investment vehicle of CFFI Ventures, a company wholly owned by billionaire entrepreneur John Risley.
Plast-Ex kicks off on June 4 in Toronto
by Canadian PlasticsThe show is part of the Advanced Design & Manufacturing (ADM) Expo Toronto, a co-located event that brings together five advanced manufacturing events under one roof.
Sepro managing director Jean-Michel Renaudeau leaves the company
by Canadian PlasticsThe France-based automation supplier has appointed Michel Maire as interim manager while it seeks a successor to Renaudeau.