Montreal’s Intertape Polymer Group Inc. is now the sole shareholder of India-based packaging tape maker Powerband Industries Private Ltd. by acquiring the outstanding 26 per cent interest in the company for US$9.9 million.
The expansion of the West Boylston, Mass. facility will allow the toolmaker to better serve its customers in the U.S. and Canada.
The purchasing group in the US$13.2 billion sale includes the Caisse de depot et placement du Quebec.
The largest injection molding machine display at Expoplast is making food serving cups in a three-second cycle.
Carteaux, the longtime president and CEO of the Washington, D.C.-based Plastics Industry Association, began chemo treatments on Nov. 5.
Sears takes over the helm of the East Windsor, Conn.-based drying equipment maker after the recent death of his father Charlie Sears, who founded Dri-Air in 1985.
The 20,000-square-foot expansion in Ann Arbor will provide additional manufacturing and machine stocking space to meet what the company calls growing demand from its customers.
The only plastics trade show in Canada this year, Expoplast will be held in the Palais des congrès de Montréal on Nov. 14 and 15, and is part of five other co-located manufacturing trade shows.
Trained as a polymer chemist, Maine worked in Quebec and Ontario and was perhaps best known for his work on oriented polymer composites.
Spurred by rising disposable incomes and continuously changing lifestyles, the increasing production of cars and commercial vehicles will grow the global automotive plastic market at a CAGR of 11.91% from now until 2023, the new report from Research and Market said.
The purchase is intended to strengthen packaging provider Krones’ PET capabilities.
The US$80 million site in Zhangjiagang, Jiangsu Province is expected to become operational in 2020 with expansion through 2023.
An investigation found that Inoac entered into illegal agreements with a competing Japanese manufacturer to determine who would win certain calls for bids issued for parts for Toyota Corollas manufactured and sold in Canada between 2008 and 2014.
The investment will enable Prismlab to further develop its pixel resolution enhanced 3D printing technology.
In the first phase of the partnership, the companies will start replacing fossil-based ethylene and propylene used in Clariant’s hot-melt adhesives with monomers derived from Neste’s renewable feedstock.
Atlanta, Ga.-based Consolidated Container Co. is expanding its footprint in Canada by acquiring Polybottle Group Ltd. and Humberline Packaging Inc. from Toronto’s ABC Group Inc.
Headquartered in Puurs, Belgium, Beyers will now become part of Tekni-Plex’s Tekni-Films business unit.
Sales of passenger cars for several major auto companies dipped, a new report from DesRosiers said.
Germany-based Haptronik’s software will bolster Magna’s SmartAccess power door technology.
The new 145,000-square-foot facility in Chippewa Falls, Wis. will be complete by late 2020.