The globally operating ENGEL Group has closed the 2024/25 financial year with a turnover of approximately EUR 1.5 billion. Despite a continued decline in market conditions, the injection moulding machine manufacturer held its ground against European competitors.
The polypropylene market in Poland has been showing signs of poor activity for an extended period. Market participants point to a decline in orders for finished products, stagnation in the automotive industry in Europe, as well as overall economic slowdown.
Recently, there has been some turmoil in the market, caused by actions taken by the White House administration and reactions from China and the European Union. Market participants closely followed the changing situation regarding tariffs.
New research from Aquapak shows that 58% of UK shoppers see the effect of plastic breaking down to microplastics in the ocean and waterways as their biggest concern when it comes to the damage plastic causes to the environment.
Titled "Creating Sustainable Value", Röhm has published the ESG (Environment, Social, Governance) report for the financial year 2024. In the report, Röhm sets out its policies, measures and goals in all key ESG areas.
Propylene contract price is expected to decline in April. Many traders do not see positive prospects for the polypropylene market in the coming months.
The Italian plastics and rubber machinery industry experienced a mix of highs and lows in 2024, as shown in the year-end report prepared by the Mecs Study Centre based on foreign trade data gathered by ISTAT.
The Krones Group has just released its ESG performance reporting for the year 2024. “For us, sustainabil-ity and our associated targets are - regardless of external factors and developments - a cornerstone of our business strategy,” says Krones CEO Christoph Klenk.
Krones today published its 2024 Annual Report. Despite the critical general economic environment, the company once again increased revenue and profitability. Krones plans to continue on its profitable growth path.
The demand for polyethylene decreased in March. Converters, observing the decline in crude oil prices, expect polymer prices to drop in April and are taking a wait-and-see approach.
In a challenging market environment, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the full year 2024 to €7.9 billion.
Low demand for polypropylene hindered price large increases despite producers’ efforts to improve margins. Throughout February, traders hoped for a market revival at the beginning of March, when the construction and agricultural sectors are traditionally more active.