The management shakeup comes amid realignment at Desma Elastomertechnik GmbH.
At the Anniversary Days held last week at its headquarters in Lossburg, plastics machinery manufacturer Arburg demonstrated to the world just how far the industry and the company have come in the course of a century.
A profit warning on the Shanghai Stock Exchange says preliminary figures indicate the machine builder lost up to $275 million in 2022, including a goodwill impairment of at least $108.6 million.
Auxiliary equipment maker Piovan SpA says it will acquire a number of selected assets from Germany-based Protec Polymer Processing GmbH.
As years go, fiscal 2022 was not at all bad for the Wittmann Group. The company saw a high order intake — well above average, in fact, especially during the first half of the year.
A manufacturing plant will be built in Japan for new company, Niigata Machinery Co. Ltd., to support growth, shorten lead times for North American customers.
At the Plastindia 2023 trade show, there was talk of India as a global supply chain alternative to China. But one executive says the country needs to tamp down on plastics bans to be more appealing.
Interviews at the Plastindia show, and a report from the fair organizer, offer projections for strong demand for plastics machinery in the country.
The company stressed that none of the redundancies will come from manufacturing or assembly of its plastics machinery.