Archive for July, 2001

Kuraray: Expansion of European EVOH capacity

Wednesday, July 11th, 2001

Japan’s Kuraray Co.Ltd. plans to double the European production capacity of its EVAL Europe N.V subsidiary, which produces Eval-brand EVOH barrier resin. The company says world demand for EVOH is growing at more than 10 per cent/yr. Construction of a new production facility at Antwerp, Belgium, will start next January and is slated for completion in the third quarter of 2003. The expansion will boost capacity to 48 million lb/yr. Following the completion of the European expansion, Kuraray plans to undertake a second
expansion project at its Eval Co. of America site in Pasadena, Texas. New capacity between 24 million and 48 million lb is being considered for that site.

Battenfeld Schwarz & Greiner: Die making merger

Wednesday, July 11th, 2001

Extrusion die makers Battenfeld Schwarz Extrusionswerkzeuge of Germany and Greiner Extrusionstechnik of Austria are to merge their profile die making interests as Schwarz Extrusionswerkzege. Greiner holds 51 per cent of the new company, Battenfeld’s parent SMS holds the balance.

Pliant: Acquisition of Uniplast

Tuesday, July 10th, 2001

Films producer Pliant Corp., USA, has agreed to acquire Uniplast Holdings, Inc. for stock and cash valued at approximately US$55 million, including the assumption of approximately US$40 million of debt. Uniplast is a manufacturer of multi-layer packaging films, industrial films and cast-embossed films in the U.S. and Canada. The closing of the transaction is expected to occur on or before July 31, 2001 and is subject to government and bank approvals. The acquisition would give Pliant a total capacity of more than 1 billion lb of film per year.

Uponor: Licence for pipe technology to South Africa

Tuesday, July 10th, 2001

Uponor, the international plastic pipe systems company with headquarters in Finland, has sold a license to DPI Plastics Ltd of South Africa to manufacture and sell pipes using Uponor’s continuous process MOPVC technology. The license enables DPI Plastics to manufacture and sell the products on the African continent. The MOPVC technology, developed by Uponor and the Australian company Vinidex, produces a much more durable product than standard PVC pipe, with higher pressure performance combined with outstanding impact resistance. DPI Plastics (Pty) Ltd is a leading South African manufacturer of pipe systems. Its products are widely used in the building, civil engineering, mining and agricultural sectors of the market throughout sub-Saharan Africa. The company operates six manufacturing facilities in this region.

Mannesmann Plastics Machinery: Taken over by investment group

Monday, July 9th, 2001

Apax Partners & Co. Ventures Ltd., UK, has taken over the world’s largest manufacturers of plastics machinery. Apax said the investment group could take Mannesmann Plastics Machinery AG public in a few years. Renate Krümmer, an Apax managing director, would not rule out selling off part of the six-company group or making further acquisitions to bolster MPM.

Bemis: Purchase of film maker Duralam

Monday, July 9th, 2001

Bemis Co. Inc., USA, announced plans to buy Duralam Inc. The deal includes Duralam’s film-making plants in Appleton and nearby Neenah, Wis., said Melanie Miller, director of investor relations at Bemis. The plants employ 195. Duralam reports annual sales of US$55 million. Miller said Bemis believes Duralam has the capacity to reach US$80 million in sales.

Next Packaging: New film extrusion lines

Friday, July 6th, 2001

Next Packaging Films Inc., USA, is expanding with two new extrusion lines. The Lexington-based firm currently is installing a Windmoeller & Hoelscher blown film line and in a few weeks will take delivery of an Alpine line, said Next President David Frecka.The machinery will bring Next´s count to eight blown film lines.

Tessenderlo: Purchase of Technicompound

Friday, July 6th, 2001

Tessenderlo Group is expanding its compounding capacity with the acquisition of Technicompound SA of Doué-la-Fontaine, France. Technicompound, part of leading French footwear manufacturer Groupe Eram, operates one plant with capacity of 33 million pounds per year of PVC and thermoplastic elastomers. It employs 44 and had sales last year of $11 million.

Brückner Maschinenbau: World’s largest and fastest BOPP line

Thursday, July 5th, 2001

Brückner Maschinenbau GmbH, Germany, has just signed a contract to deliver what it says is the world`s largest and fastest high-performance BOPP line to Manuli Film S.p.A. of Italy. The line will be 10 meters wide and run at 500 m/min and is guaranteed for output of 12,100 lb/hr. This is reportedly the third 10-meter-wide BOPP line in the world—all sold by Brückner.

Akcros Chemicals: To cut jobs

Thursday, July 5th, 2001

Akzo Nobel’s Akros Chemicals business is to cut 60 jobs in the production of PVC additives for rigid applications in the UK, the Netherlands and Germany. The company derives a third of its sales from this sector, which it says has become increasingly competitive in recent years. Half the redundancies will be in the manufacturing plant at Dahlem in Germany and the remainder in sales, administration, production and research at the Düren (Germany), Roermond (Netherlands) and Eccles (UK) sites. Akcros says no plant closures are planned.