News Plastech
Grupa Azoty has signed a term sheet with financing institutions setting out the preliminary terms of its long-term debt restructuring. The document provides the framework for the target financing agreement and includes, among other things, a new repayment schedule and a planned share issue.
At an Extraordinary General Meeting, Grupa Azoty shareholders approved changes to the capital structure, opening the way to a two-stage financial strengthening of the company through the issuance of new shares.
In the procurement policies of many State Treasury companies in recent years, a model has become entrenched that at first glance appears rational and “cost-effective”. In practice, however, it has proven to be one of the most destructive mechanisms for Polish and European industry.
Grupa Azoty and Grupa Azoty Police have established significant impairment write-downs mainly related to loans granted to Grupa Azoty Polyolefins, in connection with the planned divestment of the Polimery Police project and ongoing restructuring proceedings.
Grupa Azoty Polyolefins has decided to initiate arrangement approval proceedings with its creditors in order to continue the company’s operations and create conditions for further implementation of the Polimery Police project.
The European Investment Bank is lending €20 million to Swedish sustainable-packaging company PulPac to tackle global plastic pollution. The EIB financing will support development and commercialization of a fiber-based technology developed by PulPac as an alternative to single-use plastics.
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.
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.
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.
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.
Dassault Systèmes today reports its IFRS unaudited estimated financial results for the fourth quarter 2024 and full year ended December 31, 2024.
The 2024 full-year forecast developed by the MECS Study Centre of the trade association Amaplast indicates a drop of approximately nine percentage points in Italian production of plastics and rubber processing machinery to an estimated value of 4.35 billion euros.
In his 30 years at Messe Düsseldorf, Erhard Wienkamp has made a significant contribution to the company’s current level of internationality and to the size of its leading global trade shows K, interpack and ProWein.
Contract prices for monomers and, ultimately, polyolefins, have predictably moved down in Poland in December.
Chem-Courier forecasts polyolefins to hold their value until the end of the month.
Husky Technologies announced the appointment of John Linker as Chief Financial Officer. Linker will replace John Hafferty.
Customers often wait until the second week of the month to make purchasing decisions. They want to have a complete picture of the market
Traditional financing models are not designed to adapt to the actual use of the machine due to fixed rates.
Lerg S.A. has acquired a total of 76 per cent of WeButex Kunststoffbearbeitung GmbH, one of the best-known processors of thermoset laminates.
Film LDPE grades, especially those with MFI=0.3, have been unavailable on the Polish market this week.
According to Chem-Courier’s data, the Polish polyolefin market was awaiting the announcement of new prices last week.
PE and PP supply has tightened in the Polish market this week. It was nearly impossible to get the material from polyolefin producers for two weeks prior to this one, and now it is getting increasingly more difficult to buy it from traders as well.
"Many customers are interested in prices and will most likely start restocking in August" - a market participant said.
The situation has begun changing in the Polish polyolefin market. PE and PP producers are reducing their capacity utilisation or storing their products while refusing to sell large quantities of the commodity to traders and converters.
In H2 June, converters have been slow to make new purchases regardless of special offers, discounts and traders minimal margins in anticipation of another price reduction next month
In the fiscal year 2022, Sumitomo (SHI) Demag Group-wide sales remained stable at a high level of EUR 762 million
The company is on track to exceed its 2025 goal to reduce operational emissions by 25%
Piovan Group's strengthening continues with further expansion into Germany, Europe's reference market for plastics by supporting German ProTec's systems - ensuring continuity and qualified assistance to some of the company's customers.
At the ICIS PET Value Chain conference, PET professionals will have the chance to network with their peers and share their own experiences and best practices.
In the fiscal year 2021, the Wittmann Group realized € 376 million in sales, the third highest figure in its corporate history. The order intake figure even reached an all-time high.
Gerd Liebig reports on the success of 2021, underpinned by all-electric machine sales, and the economic outlook for Sumitomo (SHI) Demag.
For the third consecutive year Moretto is one of the best Italian companies that have distinguished themselves in terms of turnover and performance.
The EREMA Group closed the 2021/22 financial year with a 17 percent increase in revenue. Consolidated Group revenue amounted to EUR 295 million, and the number of employees increased to over 840.
Lanxess closed fiscal year 2021 successfully. Despite immense increases in energy, raw material and freight costs, the specialty chemicals company significantly improved its sales and earnings.
Interview with Ralf Krueger, Lanxess Regional Head EMEA
Dassault Systèmes announced IFRS unaudited financial results for the fourth quarter and year ended December 31, 2021. The Group’s Board of Directors approved these results on February 2, 2022.