Maag's Martin Baumann to succeed Friedrich Kanz, who is retiring after 23 years with the German machine builder.
The value of shipments increased by 1.6 percent but that's likely due to higher prices more than higher demand.
The deal brings Milacron owner Hillenbrand Inc. more processing technologies for food and plastics as well as cross-selling opportunities.
The CEO of Brückner Group USA wants people to fail, or at least not be afaird of failure, and he explains why.
The German-based plastics industry machine maker is relocating from one New Hampshire town to another with an eye toward increasing contact with customers in the United States.
United Kingdom-based retailer Sainsbury's said its new vacuum packaging for ground beef would reduce plastics use by 55 percent. Consumers, though, complain about the meat's texture.
Long lead times across the board for new equipment has driven the demand for used equipment.
Amaplast, the Italian association representing the manufacturers of plastics and rubber processing machinery and molds, said 2022 was one for the books, closing with sales of 4.67 billion euros ($5 billion) its second-highest ever.
While bioplastics and chemical recycling have very large footprints when it comes to public policy debates, both are relatively small pieces of the plastics puzzle in terms of actual business.
The Plastics Industry Association reports 4.4 percent increase in year-over-year shipments, but adding inflation data creates a flatter picture.