PFB Corp., USA intends to acquire Insulation Industries Inc. from Nascor Inc. in order to increase its expanded polystyrene foam business. Insulation Industries had sales of about US$1,3 million last year. PFB agreed to pay US$635,000 for the firm and expects to finalize the deal June 9.
Pongs & Zahn, Germany has purchased AT Compounds, Switzerland. AT is specialized in technical PP-compounds with a capacity of 12.000 jato and a turnover of EURO 10 million. The purchase of AT Compounds is another step to become leader in Europe as an independent compounder.
Regloplas, Switzerland has taken over its US representative Marvel Equipment in Detroit in order to reinforce its marketing activities in the US. Regloplas is one of the leading manufacturers of temperature units in a range up to 350 degree celsius.
According to the market researcher Chemical Market Associates (CMAI) the economical prospects for PVC are very good. The worldwide demand in 1999 has increasd by 4,1 per cent, mainly due to the recovery of the Asian markets.
Wela Plast Recycling GmbH, USA has moved to a new 9.000 m2 recycling facility. The company also invested a part of the EURO 2 million in new recycling technologies in order to recycle film production waste into granules of highest quality.