News
Canadian auto sales fell in June, Scotiabank says
by Canadian PlasticsU.S. auto sales continued its above-trend growth in June following an equally strong performance in May, according to Scotiabank’s latest Auto News Flash.
KraussMaffei rebrands itself ahead of K show
by Canadian PlasticsThe rebranding, which will remove “Netstal” from the company name, merges the company’s brands for injection molding, extrusion, and reaction process technologies under the single brand of KraussMaffei.
Milacron completes sale of Uniloy blow molding business
by Canadian PlasticsThe new Uniloy organization will be led by President and CEO Brian Marston, a veteran of the plastics and blow molding industry with more than 35 years of professional experience.
Lanxess intensifies its blow molding activities
by Canadian PlasticsThe German specialty chemicals company is setting up a global team to develop blow molding materials and also commissioning a new blow molding system at its technical centre in Dormagen.
Private equity firm Kohlberg buys healthcare packaging supplier Nelipak
by Canadian PlasticsNelipak, headquartered in Cranston, R.I, is a global provider of custom designed rigid packaging for the medical device and pharmaceutical industries.
Milacron considering selling its Cimcool division: report
by Canadian PlasticsBloomberg sources say the plastics machinery maker is working with an adviser to look at options for the unit, which produces coolants and lubricants for industrial machinery.
Tekni-Plex purchases Italian healthcare packaging manufacturer Lameplast
by Canadian PlasticsLameplast, the twelfth acquisition made by Tekni-Plex in the past five years, will become part of its global Tekni-Films business.
Gelest acquires polymer maker Bimax
by Canadian PlasticsThe acquisition bolsters Gelest’s portfolio of specialty materials and solutions.
CPIA names 2019-2020 Board of Directors
by Canadian PlasticsJoel Rudolph of Farnell Packaging was elected Chair of the Board; and Mark Lichtblau of Inteplast Bags and Films Corp., Haremar Plastic Manufacturing Division, was elected as Treasurer.
Magna wins Ford’s global supplier award
by Canadian PlasticsThe Canadian auto parts maker was recognized as a top-performing global supplier by Ford with a Silver Quality World Excellence Award.
BASF plans to cut 6,000 jobs
by Canadian PlasticsCiting a slowing demand for chemicals, BASF said its efforts to reduce its workforce will take until the end of 2021.
Downturn in global auto sales continued in May: Scotiabank
by Canadian PlasticsThe Canadian auto sales rate ticked up marginally in May, Scotiabank’s latest Global Auto Report said, but the decline on a year-over-year basis continued.
Chroma Color names Gerald Baillargeon as new CFO
by Canadian PlasticsBaillargeon has held CFO positions with several companies during his career.
Arburg breaks ground on expansion at U.S. headquarters
by Canadian PlasticsThe German injection molding machine maker broke ground on a 23,000-square-foot expansion at its Rocky Hill, Conn. headquarters on June 14.
American Chemistry Council names Christopher Jahn as new president and CEO
by Canadian PlasticsJahn currently serves as president and CEO of the Fertilizer Institute, and will succeed outgoing ACC head Cal Dooley in October 2019.
Amcor selling three flexible packaging plants to private equity firm Kohlberg & Co.
by Canadian PlasticsThe sale of the three Bemis flexible packaging plants in the UK and Ireland was required by the European Commission as part of the process of Amcor acquiring Bemis.
CPIA now accepting nominations for 2019 Leadership Awards
by Canadian PlasticsThe Canadian Plastics Industry Association is accepting nominations until July 12 for awards in the Leader of the Year, Plastics Industry Young Leader, Canplast, Lifetime Achievement, Innovator, and Sustainability categories.
Chevron Phillips, Qatar Petroleum team up for giant petrochemical project in Middle East
by Canadian PlasticsThe new petrochemical plant will be built in Qatar, and will produce ethylene and HDPE when it comes online by 2025.
Chevron Phillips offers $15 billion for Nova Chemicals, report says
by Canadian PlasticsThe Reuters news agency reports that Chevron Phillips, based in the Woodlands, Texas, was bidding more than $15 billion for Calgary-based Nova.
Takaya Sugimura is new president of Yushin America
by Canadian PlasticsHe succeeds Michiari Ota, who has finished his five-year tenure as head of the Cranston, R.I.-based robot maker.