0:58 min Markets and Management, Management
Acquistion

Evergreen to acquire CarbonLite’s PET recycling facility in Riverside, California

Evergreen, the PET recycling division of Greenbridge, has announced its intent to acquire CarbonLite’s PET recycling facility in Riverside, California, in a deal that will significantly enhance the company’s position as a leading PET recycler and manufacturer of food-grade RPET. The ...
1:15 min Markets and Management, Management
Appointment

Avient hires Dr. Vinod Purayath as Chief Technology Officer

Avient Corporation, a leading provider of specialized and sustainable material solutions, has announced that Dr. Vinod Purayath has joined the company as Senior Vice President and Chief Technology Officer.
1:28 min Markets and Management, Management
Recycling capacity

PolyQuest to expand South Carolina recycling facility for the eighth time

PolyQuest, Inc., distributor of PET resins and manufacturer of recycled PET resins in North America, announces the expansion of their facility in Darlington, South Carolina.
1:17 min Markets and Management, Facts & Figures
Month in Charts - a Service by SBAcci

Global PET Supply/Demand 2020 - 2025

The current edition of PETnology's "Month in Charts" series - a service from SBAcci ...
2:11 min Strategies & Market Analysis, Chemical recycling
Investment

European plastics manufacturers plan 7.2 billion Euros of investment in chemical recycling

PlasticsEurope announces a significant increase in planned chemical recycling investment: from 2.6 billion Euros in 2025 to 7.2 billion Euros in 2030. To further accelerate investments in this key technology and the transition towards a circular economy, PlasticsEurope calls for a ...
1:80 min Markets and Management, Facts & Figures
New PET resin manufacturing facility

Indorama Ventures increases capacity in India with strategic investment in its Nagpur manufacturing plant

Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer Indorama Ventures Public Company Limited (IVL), will spend up to INR 6 billion (USD 82M) upgrading equipment and adding capacity at its manufacturing site in Nagpur, India. The capital ...
1:70 min Markets and Management, Management
Appointment

KraussMaffei appoints Jörg Bremer as new Chief Financial Officer

Bremer will also become a member of the KraussMaffei Group Management Board - KraussMaffei has appointed Jörg Bremer (44) as new Chief Financial Officer (CFO) of the KraussMaffei Group and the Shanghai-listed KraussMaffei Company Limited (KMCL), effective July 1, 2021.
0:46 min Markets and Management, Management
Acquisition

Pentair completes transaction to acquire assets of Ken’s Beverage, Inc.

Pentair plc, a leading provider of water treatment and sustainable solutions, today announced that it completed the previously announced transaction to acquire the assets of Ken’s Beverage, Inc. (KBI), for approximately $80 million in cash, subject to customary adjustments.
1:35 min Markets and Management, Management
Acquisition

Biffa accelerates growth strategy through acquisition of Viridor’s Collections business and certain recycling assets

Biffa is pleased to announce the agreement to acquire the Collections business and certain Recycling assets of Viridor Waste Management Limited, for a cash consideration of c.£126m.
2:59 min Markets and Management, Facts & Figures
Report

SACMI approves the 2020 annual report: Sales and employment stable, technological leadership confirmed

Throughout the year the Group was committed to ensuring workplace safety and continuity of production and assistance. Investment in product innovation and a new in-company ‘digital culture’ continued apace.