The German processing machinery maker is also expanding its business model as well as digital services and products, and introducing a new speed-to-market program for European customers.
With a production area measuring 6,000 square meters, the plant has the capacity to produce more than 360,000 seat sets per year.
Called the “King of Chemicals”, the Romanian-born Farber moved to the U.S. and founded ICC Chemical Corp. in the 1950s, which played a key role in developing logistics and shipping expertise for the global movement of bulk chemicals.
The project, which is expected to cost approximately US$1.72 billion, is the largest single investment in Covestro’s history.
Celanese expects to operate Next Polymer’s thermoplastic compounding product portfolio and production capabilities within the company’s engineered materials business.
Founded in 2008 by Rodney Brooks, a professor at the Massachusetts Institute of Technology, Rethink was known for its Baxter and Sawyer cobots.
Kadri, 49, will begin training with outgoing CEO Jean-Pierre Clamadieu in January and officially take over the spot on March 1, 2019.
Recycling industry pioneer Emmie Leung, the founder and CEO of Emterra Group, is the Leader of the Year for 2018.
Monroe replaces Dick Doyle, who has announced his retirement for the end of 2018 after leading the Washington, D.C.-based association for the past seven years.
But auto sales in the U.S. jumped to an annualised level of more than 17 million units in September, Scotiabank said, beating expectations.
Profile Plastics, of Lake Bluff, Ill., took the top awards for its medical cart enclosure application.
The sale to South Korea-based Hanon Systems reflects Magna’s focus on being a “full-system supplier of transmission and other driveline-related systems,” Magna said.
The plant – which will have a targeted production capacity of 750,000 tonnes per year – is scheduled to start up in the first half of 2022.
Headquartered in Addison, Ill., Transparent Container designs and manufactures blister and club packaging, clamshells, and printed plastic and paperboard folding cartons.
The joint venture will support Morocco’s growing automotive export production.
Growth will be led by the rising adoption of PET packaging, the report from market research firm Technavio says.
The new unit will use Borstar technology and more than double the site’s polyethylene capacity to 1.1 million tonnes per year, with a start-up scheduled in 2021.
The industry association’s newest Clean Sweep initiative involves getting all CPIA member companies to be signatories participating in the program by 2022.
Petruch assumes leadership of Parsippany, N.J.-based Sun Chemical after serving as president of Sun Chemical Performance Pigments and general manager of the Pigments Products Division since 2008.
The agreement provides increased access to Canada’s dairy market for U.S. producers, limits the number of cars and the value of automobile parts that Canada can ship to the U.S. without paying higher duties, and preserves key dispute-resolution provisions.