UPDATED: Engel’s revenue jumps 70%-plus in FY 2011

By PlasticsToday Staff
Published: July 19th, 2011

Revenues were up over 70% at injection molding and automation technology supplier Engel for its fiscal year ended March 31, 2011, with double-digit growth forecast for its current fiscal year as well. Revenues from shipments during Engel's 2011 fiscal year, which ended in March, reached €615 million ($881 million), up quite dramatically from fiscal 2010 when the global recession helped decreased revenue to €358 million ($513 million).

Progress made on test standard for identifying hexavalent chromium

By PlasticsToday Staff
Published: July 19th, 2011

Hexavalent chromium, Cr(VI), has traditionally been used as a pigment for paints and plastics, with both Chromium Yellow (PbCrO4) and Chromium Red (PbCrO4•Pb(OH)2) extensively applied in the U.S. and Europe. However, due to the adverse health effects associated with Cr(VI) and lead, these pigments and other hexavalent chromium compounds were largely banned for use in electronic products under the EU RoHS Directive (2006). But how can processors and their customers be assured these pigments no longer are in their products?

Plastic film extrusion: Nine-layer lines selling well

By PlasticsToday Staff
Published: July 19th, 2011

The industry-wide trend towards purchasing of plastic film extrusion lines able to process 5 or more layers continues, according to officials at extrusion systems manufacturer Reifenhäuser Kiefel Extrusion, a company that has benefited from the trend.

Rapid prototypers have new material, machine available

By PlasticsToday Staff
Published: July 19th, 2011

Developments in the rapid prototyping / rapid manufacturing space continue to be swift as more OEMs, their plastics processing suppliers and mold manufacturers adopt additive manufacturing processes to augment their traditional means of production. According to Wohlers Report 2011, the leading report on the technology and its users, the compound annual growth rate of revenues produced by all AM products and services in 2010 was 24.1%.

Kraton, Formosa announce Taiwanese HSBC joint venture

By PlasticsToday Staff
Published: July 18th, 2011

Kraton Performance Polymers Inc. has entered into a 50/50 joint-venture with Formosa Petrochemical Corp. (FPCC) to construct and operate a 30-kiloton hydrogenated styrenic block copolymer (HSBC) plant to be located in Mailiao, Taiwan.

Chinese mold maker takes home SPE award

By Clare Goldsberry
Published: July 18th, 2011

For the first time in the three-decade history of the Mold Making and Mold Design Division of the Society of Plastics Engineers, the Mold Maker of the Year was awarded to a person and company headquartered outside North America. The recipient of this award for 2011, S.Y. Chu, is chairman of Zhongshan Pacific Master Precision Injection Ltd., a large mold manufacturer and injection molder based in Zhongshan, China.

India’s UFLEX spending $180 million in new U.S. facility, adds capacity in Egypt

By Matt Defosse
Published: July 18th, 2011

Flexible plastics packaging processor UFLEX Group offered more details into its new facility planned for the U.S. as well as news of its acquisition of an aluminum oxide coating machine. UFLEX is headquartered in Noida, India and ranks as one of the world's largest plastic films processors with annual revenue of about $910 million. The company has expanded rapidly since we first reported on it in 2007.

Latest AMBA survey shows mold makers are keeping busy

By Clare Goldsberry
Published: July 18th, 2011

Business at mold manufacturing companies in the U.S. isn't booming, but work is holding steady, according to the Summer 2011 Business Forecast Survey of the American Mold Builders Association. Business conditions were termed as "Good / Excellent" for 78% of the respondents, up slightly from the spring survey.

Names in the News: profine, Strongwell, IKV, Plasmatreat

By PlasticsToday Staff
Published: July 18th, 2011

People and companies in the news include plastics profile processor profine and its new CEO, plus two new exec appointments at thermoset plastics processor Strongwell. The IKV bids farewell to longtime leader Walter Michaeli, and Plasmatreat welcomes a new sales and service agent.

Plastics experts coming to your office: resin drying & moisture measurement, plus the ten principles of successful purging

By Matt Defosse
Published: July 15th, 2011

We've a powerful lineup of free webinars and digital events lined up in the coming weeks. These events are easy to access from your computer no matter where you are, and are truly educational, not a sales spiel masquerading as free help. 

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