Norma Group buys all of Malaysia's Chien Jin Plastic

EUROPEAN PLASTICS NEWS

Published: February 11, 2014 11:50 am ET
Updated: February 11, 2014 11:51 am ET

Related to this story

Topics Mergers & Acquisitions

Norma Group AG, a specialist in engineered joining technology, has acquired the remaining 15 percent of shares in Chien Jin Plastic Snd. Bhd., according to a statement.

Maintal, Germany-based Norma gained 100 percent of shares in Chien Jin Plastic, a manufacturer of thermoplastic joining systems, on Feb. 7. Norma had previously acquired 85 percent of Chien Jin Plastic in November 2012, strengthening its business in southeast Asia.

Chien Jin Plastic, which manufactures joining solutions for plastic and cast iron pipe systems used for a wide range of applications with a focus on water management, saw record sales in 2013 with a growth from 2012 of more than 10 percent reaching 8 million euros.

Chien Jin Plastic is based in Ipoh, Malaysia, and employs 175.

"The integration of Chien Jin Plastic into Norma Group has been successful and we are already reaping the rewards. We are very proud of the business success," said Werner Deggim, CEO of Norma Group, in a news release.

Norma employs 4,800 and has manufacturing facilities and sales and distribution sites in Europe, the Americas and Asia-Pacific.


Comments

Norma Group buys all of Malaysia's Chien Jin Plastic

EUROPEAN PLASTICS NEWS

Published: February 11, 2014 11:50 am ET
Updated: February 11, 2014 11:51 am ET

Post Your Comments


Back to story


More stories

Image

Germany's Lehmann & Voss buys U.S.-based Performance Compounding

September 12, 2014 11:36 am ET

German compounding firm Lehmann & Voss & Co. KG has acquired Performance Compounding LLC for an undisclosed price.    More

Image

ATS goes global with acquisition of M+W Process Automation

September 10, 2014 2:49 pm ET

ATS Automation Tooling Systems Inc., a maker of factory automation systems in Cambridge, Ontario, has agreed to buy a German company M+W Process...    More

Image

DS Smith adds to footprint with Croatian injection molding acquisition

September 10, 2014 2:05 pm ET

DS Smith plc, the London-headquartered packaging giant, has announced the acquisition of Kaplast dd, a Croatian injection molding company.    More

Image

Par-Pak Europe buys Holfeld Plastics

September 10, 2014 1:58 pm ET

Holfeld Plastics Ltd., the Ireland-based packaging manufacturer, has been bought by Par-Pak Europe (PPE) for an undisclosed sum.    More

Image

Bemis Co. Inc. selling pressure-sensitive materials business

September 8, 2014 9:51 am ET

Bemis Co. Inc. is selling off its pressure-sensitive materials business in a move that will raise cash to help expand the company's flexible packaging...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events