Germany's Ter Hell to close plant and outsource compounding

EUROPEAN PLASTICS NEWS

Published: July 18, 2013 12:42 pm ET
Updated: July 18, 2013 12:44 pm ET

Related to this story

Topics Materials, Materials Suppliers

Distributor and compounder Ter Hell Plastic GmbH is closing its production facility in Herne, Germany, and outsourcing its compounding to partners.

The restructuring is part of a strategy being implemented by Wolfgang Siegel, who became the company's CEO in January, to grow the business on an international scale. The company has also changed its name to Ter Plastics Polymer Group.

The company said the Herne facility required modernization but the investment could not be justified. The plant is scheduled to shut in December, with the loss of 27 jobs.

"The main reason for the closure of the Herne facility is the enormous investment that would have been necessary," said Eva Masthoff, head of marketing and communication.

Ter Plastics will now use partner companies in Europe and other regions around the world for its compounding. Masthoff said the product development knowledge will still belong to the company.

The partner companies will make Ter Plastics' Terez brand of compounds, which include ABS, polyamide, polycarbonate and blends. The group's ability to offer custom compounding to its customers will continue.

Masthoff said one advantage of using partner compounders is that Ter Plastics will be able to get closer to its international customers.

The reorganization will also involve the sales function being boosted, with new sales staff being added.

Masthoff also said Ter Plastics expects to make some international acquisitions, although there is nothing to announce yet.


Comments

Germany's Ter Hell to close plant and outsource compounding

EUROPEAN PLASTICS NEWS

Published: July 18, 2013 12:42 pm ET
Updated: July 18, 2013 12:44 pm ET

Post Your Comments


Back to story


More stories

Image

Oxford Polymers adds compounding capacity

January 30, 2015 1:16 pm ET

Materials maker Oxford Polymers has increased its compounding capacity by installing a new single-screw extrusion line.    More

Image

Marval's next generation expands capacity

January 30, 2015 1:27 pm ET

MAMARONECK, N.Y. — There’s a lot of history at Marval Industries Inc., but the 59-year-old compounding firm also is looking toward the...    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

2014 sees modest sales increase, but profit decrease, for Dow Chemical

January 29, 2015 4:20 pm ET

UPDATED — Dow Chemical Co. delivered modest sales growth in 2014, but the firm's profit took a tumble.    More

Image

Resin prices continuing to tumble

January 29, 2015 2:24 pm ET

The ongoing slide in crude oil prices is taking commodity resin prices down as well.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events