Amcor Rigid Plastics will invest $45 million to add 186,000 square feet of production and warehousing space at its Bellevue, Ohio plant, with incentives structured by Silverlode. Additional employees will be hired.
Wood Group won a USD 40 million contract from ExxonMobil Chemical to provide main automation contractor services, covering detailed design and construction of process control systems for a new polyethylene plant in Beaumont, Texas.
Collcap Group is set to merge with Spanish packaging manufacturer Quadpack Industries. Quadpack will retain its brand name and Collcap's office in Leek, UK.
Corbion and Total announced a 50/50 joint venture to produce and market PLA polymers, based in the Netherlands. Operations are expected to start in Q1 2017, subject to regulatory approvals.
IPL announced a $36 million investment plan to expand production capacity in Canada and the United States and enter new market segments in the US.
IPL Inc. acquired Encore Industries Inc., a producer of rigid plastic packaging with three US facilities in Ohio, Georgia and Minnesota, for US$35 million. The deal was made with parent One51 and partners Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ.
Maire Tecnimont's subsidiary Tecnimont, in a joint venture with HQC (65% Tecnimont), was awarded a $328 million EPCC lump sum turn-key contract by PRPC Polymers for a 400,000 t/y High Density Polyethylene unit at PETRONAS' Pengerang Integrated Complex in Johor, Malaysia. Completion is expected in Q3 2019.
Bemis inaugurated an expansion of its packaging plant in the Suape industrial port complex in Cabo de Santo Agostinho, Pernambuco. The R$31 million investment adds 8,000 square meters and is expected to double rigid packaging capacity and create more than 140 jobs.
Corbion will expand its existing lactide plant in Rayong, Thailand by 25,000 tons per annum, with start-up targeted for the second half of 2018 alongside the new PLA plant.
Corbion broke ground on 9 November 2016 for a 75,000 tons per annum PLA polymerization plant at its Rayong site in Thailand, with a reported capex of 140 million USD. Sulzer Chemtech supplies key equipment and start-up is targeted for 2018.
Sonoco has acquired Plastic Packaging Inc., a privately held Hickory, North Carolina flexible packaging maker with about $42 million in expected 2016 sales and roughly 170 employees. The deal adds short-run flexible packaging capabilities in the southeast US.
BASF plans to invest more than €200 million globally in its plastic additives business over five years, about half in Asia, focusing on capacity expansions and operational excellence.
Alfa Laval won an order to supply Alfa Laval OLMI heat exchangers to a petrochemical plant in the Middle East. The order is valued at approximately SEK 125 million and delivery is scheduled for 2017.
Graboplast Zrt. added an 850 square metre warehouse to its Tatabánya floor factory, a 175 million forint investment. The group plans to add 120 staff by the end of 2017.
Saudi Aramco acquired the Converge product line with associated operations and technologies from U.S.-based Novomer Inc. of Waltham, Massachusetts.
Plastipak Packaging completed the acquisition of the business assets of Evolve Polymers Ltd. from Aurelius at its Hemswell Cliff site in the UK, which can process 6 to 9 billion PET bottles a year. The business began operating immediately under Plastipak's ownership.
RM2 International S.A. received an exclusive commitment from Pactiv LLC, a Reynolds Group subsidiary, to purchase and deploy its BLOCKPal composite pallets for all non-wood pallet uses, with hundreds of thousands of pallets to be deployed in stages.
Amcor agreed to acquire Hebei Qite Packing, a Chinese flexible packaging company, for RMB 185 million (about USD 28 million). The deal is expected to expand Amcor's flexible packaging business in Asia.
Amcor Rigid Plastics completed its acquisition of Sonoco's Global Plastics blow molding business in North America, adding seven plants in the U.S. and Canada and about 850 employees. Terms were not disclosed.
Precision Global, a portfolio company of Peak Rock Capital and maker of valves and dispensing solutions, has acquired Australian plastics maker Ralpet Plastics Pty Ltd. The deal was reported on 2016-10-14.
Trelleborg Sealing Solutions has finalised the acquisition of privately owned US distributor Anderson Seal LLC, which distributes seals, gaskets and custom-moulded products. The deal was reported on 2016-09-13.
Private equity firm Warburg Pincus sold Clondalkin Flexible Packaging Group to Egeria; the deal closed in December 2016 and its value was undisclosed.
Altopro SA de CV plans a $50 million expansion of its Irapuato facility, including a new five-layer polypropylene oriented film line from Brückner, expected operational in early 2017 and adding about 40 million pounds of capacity.
Fernco, Inc. moved its manufacturing and distribution operations to a new 150,000 sq. ft. facility in Davison, Michigan, a mile from its headquarters. The facility, which became fully operational in November 2015, features new injection molding machines and robotic equipment, increasing production and shipping capacity by 15%.