Canadian auto sales fell in June, Scotiabank saysby Canadian Plastics
U.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 showby Canadian Plastics
The 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 businessby Canadian Plastics
The 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 activitiesby Canadian Plastics
The 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 Nelipakby Canadian Plastics
Nelipak, 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: reportby Canadian Plastics
Bloomberg 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 Lameplastby Canadian Plastics
Lameplast, 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 Bimaxby Canadian Plastics
The acquisition bolsters Gelest’s portfolio of specialty materials and solutions.
CPIA names 2019-2020 Board of Directorsby Canadian Plastics
Joel 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 awardby Canadian Plastics
The 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 jobsby Canadian Plastics
Citing 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: Scotiabankby Canadian Plastics
The 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 CFOby Canadian Plastics
Baillargeon has held CFO positions with several companies during his career.
Arburg breaks ground on expansion at U.S. headquartersby Canadian Plastics
The 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 CEOby Canadian Plastics
Jahn 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 Plastics
The 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 Awardsby Canadian Plastics
The 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 Eastby Canadian Plastics
The 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 saysby Canadian Plastics
The 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 Americaby Canadian Plastics
He succeeds Michiari Ota, who has finished his five-year tenure as head of the Cranston, R.I.-based robot maker.