Plastics News in Brief - April 2021
Av Ready to launch 2024
Sweden: Newly started Reselo AB, a spin-off from KTH, will produce polymers based on residual waste from the forest industry. The company has patented a process with which they will primarily produce bio-based rubber polymer.
Best year to date
Sweden: Nolato AB reports its highest turnover ever for the year 2020. Sales increased by 18 percent to SEK 9,359 million. Operating profit, EBITA, exceeded 1 billion SEK for the first time and amounted to SEK 1,066 million.
New acquisition
Denmark: SP Group has through its Finnish subsidiary Coreplast Oy acquired Jollmax Coating Oy. The acquired company is specialized in wet painting, powder coating, print and other types of plastic decorations.
Clean room ready for use
Sweden: The production hall that Elos Medtech started building in 2020 will be ready in June 2021. Due to the company's increased demand for clean room-produced goods, the new hall will be one large clean room, ISO class 8.
Investment for the future
Denmark: The last months of 2020 were the most intense in the history of Hjernø Værktøjsfabrik. The machine park will be upgraded with two 5-axis CNC machines, one of which has an associated robot. In addition they will upgrade its measuring equipment and pallet system.
Fraud led to imprisonment
Denmark: The two men, who were accused of embezzling millions from the Lego Group, have been sentenced to prison. One of the two men has been sentenced to two years and nine months while the other has been sentenced to two years and six months.
Acquires machine company
Denmark: Saxe Group has acquired Allesøe Specialmaskiner Aps in Denmark. The company and its employees will continue their operations in the factory, but with a new owner. The acquired company manufactures special machines and solutions for the plastics industry.
Aeternum new partner in AQ
Norway: The Norwegian investment company Aeternum Capital has acquired 10.1 percent of the shares in AQ Group AB. The sellers are AQ's two founder PO Andersson and Claes Mellgren.
Universal Robots CEO appointed
Denmark: Kim Povlsen is CEO of the Danish robot manufacturer Universal Robots since March 1. Povlsen most recently worked as a manager at Schneider Electrics.
The goal is 100% circular products
Norway: Vartdal Plast has launched the product series Loop, which is a first step towards offering 100% circular products for the company's business areas. First out is a quality towards the construction sector. The next one will turn to the packaging industry.
Largest order ever
Sweden: Nord Polymer AB, which works with procurement of inserts and molds for injection molding, has won its largest order to date. The order applies to 10 mold and has a value of just over SEK 1 million.
Growth with light metals
Denmark: The plastic specialist Idé-Pro has invested in light metal production equipment. The goal is for niche to be as large as the plastics business. Aluminum casting has, however, been part of the business for many years, but mostly for prototype development.
Increases the capacity
Denmark: Palsgaard A/S, manufacturer of emulsifiers, invested in a production line with a capacity of 10,000 annual ton plant-based polymer additives.
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