Nordic News in Brief - September 2021
Av Rottefella sues competitors
Norway: The two ski manufacturers Madshus and Rottefella have sued Salomon and Atomic. The two Norwegian manufacturers believe that the competitors' ski binding system ProLink Shift-In is too reminiscent of Rottefella's Move system.
Lautrup sold to Distrupol
Denmark: Lautrup Chemicals A/S has been acquired by Distrupol. The company with headquarter in Copenhagen and warehouses throughout the world, is sold by the Lautrup family and its founder Hans Lautrup.
Plastic from soybean
Finland: Finnfoam, Brightplus, Nordic Soya and VTT have developed a compostable bioplastic from soy molasses. The project will run during 2021 and 2022. Then the pilot plant will be transformed into a full-scale plant which will be in full operation by the end of 2023.
Fast and flexible
Sweden: Polyshape is a newly established company, owned by David Johansson and Nicklas Ingvarsson. Through the company they offer additive manufacturing with SLA, SLS, vacuum casting and design models.
Name change to Vipo
Norway: Trelleborg Offshore Norway has been sold to the company's Norwegian management and a local player. In connection with the change of ownership, the company changed its name to Vipo AS.
Expands in China
Sweden: Polykemi Compounds Kunshan will open another production unit in China. The plant, located in Chongqing, shall be ready for production in Q1 2022. The total investment cost is estimated at approximately SEK 80 million.
Diab acquires foam product
Sweden: Sabic has sold its foam product material Ultem (polyetherimide, PEI) to Diab Group. Diab will incorporate the resin-based foam into its current portfolio under the name Divinycell U.
Elos Medtech sold to TA
Sweden: The American venture capital company TA Associates has through EM stakeholders acquired a majority part of Elos Medtech to a value of approximately SEK 1,735 million.
The first blocks approved
Denmark: Lego has released the first prototype of a Lego block made from recycled plastic. The block, which meets the company's strict quality and safety requirements, is made of PET from discarded plastic bottles, collected in the USA.
Project gets EUR 30 million
Sweden: Project Air, a project that involves producing methanol from captured carbon dioxide. Taking care of residual streams and turning them into sustainable inputs has been awarded approx. EUR 30 million. The project is carried out by Perstorp AB, Uniper and Fortum.
Double acquisition
Denmark: SP Molding, subsidiary of the industrial group SP Group, has acquired the injection molding company Neptun Plast and the manufacturer of fishing equipment Atlantic Floats Denmark in Danish Vordingborg.
Expands in US
Sweden: In 2010, Nolato Group acquired Contour Plastics in Baldwin, USA, which then changed its name to Nolato Contour. The company is now expanding its facility, an investment of five million dollars.
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