0:50 min Markets and Management, Management
Management

Peter Oswald to step down as Group Chief Executive Officer

Mondi announces that it has agreed with Peter Oswald, that he will step down as CEO and from the board of Mondi, and will leave the Group, on 31 March 2020.
0:25 min Markets and Management, Management
Acquisition

Borealis to acquire NOVA Chemicals ownership interest in Novealis Joint Venture

Borealis AG and NOVA Chemicals Corporation today announced they have reached an agreement for Borealis to buy NOVA Chemicals’ 50% ownership interest in Novealis Holdings LLC.
0:30 min Markets and Management, Management
Appointment

New CEO at Logoplaste

Logoplaste has appointet Stefano Mirti the new CEO for Europe and Asia.
1:25 min Markets and Management, Management
Recycling

Mitsubishi Corporation joins PET chemical recycling business

Mitsubishi Corporation (MC) has reached an agreement with Taiwan’s Shinkong Synthetic Fibers Corporation (Shinkong), a Taiwan-based major producer of polyester fiber and PET, to accept a third-party allotment of shares in the Shinkong subsidiary Thai Shinkong Industry Corporation ...
1:20 min Markets and Management, Management
Acquisition

TricorBraun acquires Packaging Solutions, Inc.

Packaging leader TricorBraun today announced that it has acquired Minneapolis-based Packaging Solutions, Inc. (PSI), a rigid packaging distributor serving several markets, including pharmaceutical, pet food and personal care.
0:50 min Management
Appointment

New President at ENGEL North America

With the beginning of the new year, ENGEL North America welcomes Paul Caprio as president. As of January 2, 2020, Caprio is managing the sales and service subsidiary of the Austria-based injection molding machine builder together with CEO Mark Sankovitch.
2:50 min Markets and Management, Management
Acquisition

Indorama Ventures concludes US$2 billion acquisition of Huntsman's Integrated EO & PO Assets

Indorama Ventures Public Company Limited (IVL), a global chemical producer, has today completed its acquisition of Huntsman’s world-class integrated oxides and derivative businesses, including a large flagship site on the US Gulf Coast (USGC) at Port Neches, as well as Chocolate ...
1:10 min Markets and Management, Facts & Figures
Growth

Italian packaging machinery sets record turnover of more than 8 billion euros

According to the preliminary figures published by the Ucima Research Department, the sector has continued to grow during 2019 (up 1.8% on 2018), reporting positive performances both in Italy and in foreign markets.
2:23 min Markets and Management, Management
Partnership

Enel starts operations of 450 MW wind farm in U.S. and expands project to 500 MW through new PPA with Danone North America

With its initial 450 MW, the High Lonesome wind farm in Upton and Crockett Counties, Texas, is the largest operating wind facility in Enel’s global renewable portfolio The project has been expanded by an additional 50 MW, thanks to a PPA with food and beverage company Danone North ...
1:43 min Markets and Management, Management
Sell of Masterbatch Business

Clariant has agreed to sell its Masterbatches business for approx. USD 1.6 billion

Divestment of Clariant’s entire Masterbatches business to PolyOne Total enterprise value of approx. USD 1.6 billion Extraordinary cash distribution of CHF 3.00 per share proposed by Clariant’s Board of Directors, subject to AGM approval and closing of transaction