Nordic News in Brief - May 2021
Av Opens factory in Slovakia
Sweden: The industrial group KB Components has entered into an agreement with CTPark to build a factory of 16,000 square meters in Slovakia. The factory enables the Group to continue its expansion in Central Europe.
A step out into Europe
Sweden: The rubber group National Sweden has established a production unit and associated warehouse in Gent, Belgium. At the unit, the company works with confectioning of soft materials such as sound absorbers and insulation for customers in automotive.
Hexpol in Spanish acquisition
Sweden: The Group has acquired Unica for approx. EUR 48 million from a Spanish venture capital company. Unica works with rubber compounding in Spain and is a supplier to the automotive industry, construction and agriculture.
Acquisition broaden AnVa
Sweden: AnVa Industries has acquired Hordagruppen AB from the Lars and Sven Lejon. Hordagruppen works with injection molding, extrusion and blow molding in combination with automation solutions for e.g. assembly and finishing.
Better plastic recycling
Sweden: Nexam Chemical has launched the initiative Reactive Recycling, a toolbox of reactive additives that gives the customer increased opportunities to recycle plastic materials while maintaining its properties.
Collaboration on biomaterials
Sweden: Stora Enso and Improve Tec Hönö AB have entered a collaboration on the development of PLA-based biomaterials for a company in the packaging industry. Improve Tec manufactures renewable bioplastic granules and develops recipes with a special focus on bioplastic production.
Injured in factory fire
Denmark: Three factory were ravaged by fire in March at the Bewi Flamingo factory in Hobro. An employee at the factory was slightly injured as a result of smoke poisoning. The company manufactures facade insulation of EPS.
Axjo Group´s new family member
Sweden: The manufacturer of cable drums has acquired Perstorp Plastic Systems AB. The companies see great added value with the acquisition and state that they will invest and develop their offering and products.
Establish company in China
Denmark: Gibo Plast, a manufacturer of vacuum-formed plastic parts with a special focus on recyclable plastic, has opened a factory in China. At the factory, the company will produce large plastic articles through vacuum forming and CNC machining.
Chemical plastic recycling unit
Sweden: Green Ideas Group AB will establish a thermochemical pyrolysis plant in Bengtsfors. Initially, the company will build a demo plant for two to four tons of plastic. In 2023/24, it will change up to a volume of 24 tonnes per day.
Norway loses production to Sweden
Norway: Husqvarna Group shuts down its Norwegian production in Sarpsborg and moves it home to Sweden. In Sarpsborg, Husqvarna mainly manufactures saw blades for Husqvarna's chainsaws.
Sustainable technology in place
Sweden: Rosti has invested in Roctools technology at its manufacturing facility in China. Rosti now sees opportunities to reduce its carbon dioxide emissions by up to 40 percent.
Test of lignin-based bioplastic
Sweden: Emballator Innovation Center is testing RenCom's bio-based material Renol, in its plastic packaging. The material can be used in ratios up to 50 percent together with plastic, in applications such as films or injection molded molding.
Machine sales up
Sweden: 2021 will be a successful financial year for Europe's plastic and rubber machine manufacturers. This also applies to its distributors in Sweden. Anders Friborg, chairman of Plastmaskingruppen, says that machine sales are doing quite well in Sweden.
Directed equity issue
Sweden: The 3D printing company Wematter has carried out a directed equity issue. As a result, SEK 26 million was received during the spring. In addition, existing owners, management and the board have contributed a total of SEK 14 million.
Scherman takes the CEO-role
Sweden: Martin Scherman is CEO of Lagotech AB from April 2021. The company is a distributor in the plastics and chemical industry with extensive experience in polyurethane, release agents and industrial paints.
Artikeln är en del av vårt tema om Nordic News in Brief.