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New Coperion Test Center for Optimizing Plastics Recycling Coperion Recycling Innovation Center is Up and Running

New Coperion Test Center for optimizing plastics recycling Coperion Recycling Innovation Center is Up and Running

Coperion has successfully launched operation of its new Recycling Center. In this high-tech test center for plastics recycling applications, every recycling process step – from material handling and feeding to extrusion, compounding, pelletizing, material postprocessing and deodorization – can be tested. Extensively equipped recycling systems are available that can be modified in myriad ways, depending upon the specific
requirements of the recyclate to be produced.
Coperion’s new Recycling Innovation Center is the perfect complement to the Herbold Meckesheim Test Center, where customers can simulate and test the mechanical pretreatment of plastic, allowing customers to experience first-hand the significant reduction in organic impurities by using Herbold Meckesheim’s hot washing system, as an example. Herbold Meckesheim has been part of Coperion’s Recycling Business Unit since 2022
Recycling Machinery on the Cutting Edge of Technology
The Recycling Innovation Center is located in Niederbiegen near Weingarten, Germany, directly adjacent to Coperion’s existing Test Center for Bulk Solids Handling. Along with proprietary research and development projects, first tests have been performed for customers, in which new, sustainable products and recycling processes have been developed and tested. Coperion process engineers can modify the available recycling technologies such that the recompounds are manufactured with the highest efficiency possible while maintaining a consistently high level of product quality. The results achieved can then be effortlessly scaled up to production level thanks to the constant base parameters of all Coperion technologies.

Every new technological development from Coperion that optimizes plastics recycling has been integrated into the Recycling Innovation Center’s machinery and can be tested there. For example, in the area of material conveying, the energy-efficient FLUIDLIFT ecodry® flash drying process is available – moisture remaining in recycling grinds following the washing process is reduced during material transportation. Moreover, the MIX-A-LOT bulk solid mixer, which can create premixes including flakes or powders, and the innovative buffer hopper solution using the ARW discharge agitator as well as the Smart Weigh Belt (SWB) feeder are integrated in the system. Coperion has also installed the ZS-B MEGAfeed side feeder, especially for extruding and compounding plastic recyclates with bulk densities starting as low as 20 kg/m³ at high throughputs. With its innovative design, the ZS-B MEGAfeed handles flakes and fibers such that they can be fed into a ZSK twin screw extruder in large quantities without energy-intensive compacting.

“The new Recycling Innovation Center shows how important it is for us to advance technology that helps our customers work towards more sustainability solutions and a functioning circular economy. The Recycling Innovation Center offers the ideal environment, both for our own research and development projects as well as for our customers, to master the challenges of plastics recycling”, said Frank Lechner, General Manager of Process Technology and Research& Development at Coperion.
“With this new Recycling Innovation Center, we’re in a position where we can simulate the entire plastics recycling process. Our customers can test the complete process, from mechanical pretreatment of plastics in Herbold Meckesheim’s Test Center up to compounding and pelletizing, prior to making the investment. As a supplier of entire recycling systems, we are very proud to be able to offer our customers this enormous added value”, said Massimo Serapioni, General Manager of Coperion’s Recycling Business Unit.

About Coperion
Coperion (www.coperion.com) is a global industry and technology leader in compounding and extrusion systems, sorting, size reduction and washing systems, feeding systems, bulk material handling and services. Coperion develops, produces, and services plants, machinery, and components for the plastic and plastics recycling industry as well as the chemical, batteries, food, pharmaceutical and minerals industries. Coperion employs more than 5,000 people in its three divisions, Polymer, Food, Health & Nutrition, and Aftermarket Sales & Service, and in its over 50 sales and service companies worldwide. Coperion is an Operating Company of Hillenbrand (NYSE: HI), a global industrial company that provides highly-engineered, mission-critical processing equipment and solutions to customers serving a wide variety of industries around the world. www.hillenbrand.com

www.hillenbrand.com

 

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PLASTEX 2024: Celebrating 30 Years and Pioneering the Next Era of Plastics and Rubber Solutions in MENA

PLASTEX 2024: Celebrating 30 Years and Pioneering the Next Era of Plastics and Rubber Solutions in MENA

Under the Patronage of Egypt’s Ministry of Trade and Industry, 19th Edition of PLASTEX to Drive Egypt’s Ever-Growing Plastics Market

Under the esteemed patronage of Egypt’s Ministry of Trade and Industry, PLASTEX 2024, the largest plastics and rubber exhibition in the Middle East and North Africa, is set to mark its 19th edition. PLASTEX 2024 is set to showcase an unparalleled showcase of cutting-edge solutions from 9 -12 January 2024 at the Egypt International Exhibitions Center (EIEC) in Cairo.
With the endorsement of influential authorities, including the Chamber of Chemical Industries, the Division of Plastics Industries, and the Chemical & Fertilizers Exports Council, PLASTEX 2024 is poised to usher in innovative and sustainable solutions for the ever-expanding plastics and rubber market in the region.
This edition will host over 500 exhibiting companies from more than 50 countries. Spanning an impressive 20,000 square meters of exhibition space, PLASTEX 2024 will thrive on its long-standing commitment to shining the spotlight on comprehensive and sustainable products for the Middle East and North Africa market from, machinery and equipment, raw materials and auxiliaries, semi-finished and end products, packaging solutions, recycling products, reinforced plastics, components and spare parts, AI and robotics technologies, automations and smart services and more.

PLASTEX 2024 will introduce four feature exhibition zones: the Packaging Zone, the Recycling Zone, Rubber Zone and Industry 4.0 Zone. These specialised zones will address new product trends, pioneering solutions and spotlight the next generation of plastics and rubber solutions for the region. These features will highlight all the aspects of this evolving sector.
Egypt, as one of the most lucrative and strategically positioned global markets, is becoming a hub for the plastics industry in the MENA region in the coming decade. With local production meeting just 30% of market needs, Egypt represents untapped potential for the entire value chain of the rubber and plastics industries, given its consumption rate accounting for 11% of the MENA’s share of plastic products. The engineering plastics market in Egypt is projected to reach USD 858 million by 2025, driven by factors such as the demand for lightweight and durable materials in industries like automotive and aerospace, the growth of the construction industry, and increasing awareness of the benefits of engineering plastics.

The exhibition and the international pavilions will feature country-specific products from distinguished nations, bringing global expertise and perspectives on sustainability, innovations, and the modern evolution of plastics and rubber products with country pavilions from Germany, India, Turkey, Taiwan, Korea, Kuwait, and China.
Over the course of four days, PLASTEX 2024 is set to attract more than 30,000 attendees, including government stakeholders, global CEOs, and influential decision-makers, manufacturers, dealers and distributors operating in the vital sector of plastics and rubber value chain. This will bring an opportunity to the attendees to engage with all industry stakeholders under one roof, to explore regional developments, and new market opportunities, to build new connections and to review the latest solutions in the market for regional development and long-term growth.

For 30 years, PLASTEX has served as a dynamic platform that fosters collaborations between international and regional manufacturers and the entire value chain, contributing to the prosperity and advancement of end-user industries. As the largest of its kind in the Middle East and North Africa, PLASTEX 2024 promises to be a pivotal platform to drive innovation, sustainability, and the future of plastics and rubber.
This edition of PLASTEX continues to position itself as a must-attend event to chart the course for the burgeoning plastics and rubber market in the Middle East and North Africa, as it sets to be an unparalleled opportunity for networking and knowledge-sharing in the region. Further, early registration ensures complimentary access to the news and information about the event and enjoy premium visitor experience.

For more information, visit: www.plastexegypt.com

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KRONOS and Covestro Demonstrate Pigmented ink Solutions for more Sustainable Textile Printing

KRONOS and Covestro Demonstrate Pigmented ink Solutions for more Sustainable Textile Printing

  •  Digital inkjet printing technology enables CO 2 emission reductions by up to 95 percent
  • Remaining challenges are the pigment ink formulation and the threat of sagging in connection with the application
  •  KRONOS and Covestro confirm the compatibility of their aqueous titanium dioxide pigment concentrate and waterborne polyurethane binders, respectively
  •  Ink manufacturers can benefit from several advanced formulations for white inks that enable excellent jettability in the process

The textile industry aims to reduce its environmental footprint. Switching from analog printing to digital printing using pigment inks can enable an 85 percent reduction in waste materials, a 55 percent lowering of energy consumption, a 60 percent reduction of water consumption, and a 95 percent decrease of CO 2 emissions, and represents an opportunity to make textiles more sustainable. Digital textile printing also enables efficiency benefits such as shorter times to market and single-digit lot sizes produced close to end consumers. These advantages mean the adoption of inkjet printing is growing, but the technology will only reach its potential if it is supported by advanced formulations and carefully selected raw materials, specially designed for digital textile printing. Not all polyurethane binders are suitable.

KRONOS, a leading provider of titanium dioxide pigments, and Covestro, a global leading manufacturer of high-quality polymers, are collaborating to demonstrate how innovative new material solutions can support the uptake of digital inkjet printing on fabrics, advancing the textile industry’s sustainability transition. Following testing by the two raw material suppliers and validation by industry partners, the collaboration successfully demonstrates that Covestro’s waterborne INSQIN portfolio of Impranil polyurethane binders and Imprafix  cross-linkers is compatible with the white pigment dispersion KRONOS 9900 Digital White. No significant sedimentation was observed, and all formulations showed good stability even after four weeks of testing at 50°C. As such, the proven compatibility of the four Covestro binders Impranil DL 1602, Impranil DL 1618, Impranil DL 1620, and Impranil DL 1623 with KRONOS 9900 Digital White is an exciting development, opening the door to increased uptake of inkjet fabric printing. Together, these ingredients create a suitable formulation for a reliable printing process.A new state-of-the-art binder tackles sagging:
Covestro also developed a new polyurethane dispersion, Impranil DL 1606, specifically to address the particular problem of sagging – a well-known quality issue resulting from the relatively high ink loads needed for direct-to-foil (DTF) printing, which was identified in the context of the collaboration. This state-of-the-art binder offers excellent anti-sagging properties and enables high white ink loads, making it a winning choice for white pigment inks used in inkjet printing. Its performance in compatibility, stability, printability, and image quality has been validated by Covestro’s innovation partners, meaning textile manufacturers can reap the environmental and efficiency benefits of digital printing with full confidence in a high-quality result. Dr. Torsten Pohl, Head of Global Textile Coatings, Covestro: "By joining forces with another raw materials supplier, we can address two key pigment ink challenges facing the growing digital inkjet printing market: formulation and sagging. Working together with KRONOS brings us another step closer to a more sustainable textile industry!

Jürgen Bender, Global Market Development Manager, KRONOS: "Thanks to this collaboration, we’ve ensured that our innovative KRONOS 9900 Digital White aqueous pigment concentrate is compatible with Covestro’s INSQIN polyurethane binders – ideal for direct-to-foil textile printing. Moreover, the new KRONOS development addresses the need in inkjet applications for highest stability in bottle, drum, printhead, in-flight and on-substrate. Together, we’ve cleared a barrier to the uptake of more sustainable digital printing technologies.

About KRONOS:
KRONOS is a leading global producer and marketer of value-added titanium dioxide pigments, or TiO 2 , a base industrial product used in a wide range of applications. We take pride in making the world brighter with the most effective whitening agent in the world – titanium dioxide (TiO 2 ). TiO 2 is a white pigment playing a key role in the production of paints and coatings, inks, plastics, papers, fibers as well as in specialties such as cosmetics, pharmaceuticals, glass, and ceramics. It has the highest opacity of all white pigments due to its exceptionally high refractive index and subsequent high light-scattering power. Applications using TiO 2 are characterized by superior whiteness and brightness, a neutral tone, outstanding dispensability and excellent tint reduction in colored media.

About Covestro:
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, cosmetics, and health, as well as in the chemical industry itself. The company is committed to becoming fully circular and is striving to become climate neutral by 2035 (scope 1 and 2). Covestro generated sales of EUR 18 billion in fiscal 2022. At the end of 2022, the company had 50 production sites worldwide and employed approximately 18,000 people.
www.covestro.com

 

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Medical Device Supply Chain Resiliency: A New Medaccred  White Paper Explores the Supplier Perspective 

Medical Device Supply Chain Resiliency: A New Medaccred  White Paper Explores the Supplier Perspective 

Resiliency in medical device supply chains is normally viewed from the OEM standpoint, but interesting insights are revealed in a new white paper from the MedAccred program as issues are considered from the Supplier perspective. Resiliency interruptions are often seen as internal to the Supplier, such as defective parts and product recalls, or as external factors such as natural disasters, political, economic or pandemic-related. While these factors can interrupt the supply chain, it is wrong to think business is stable outside these events. For Suppliers, often many levels down the supply chain, instability can also result from: OEM knowledge of the critical processes that affect the final medical device product; flow down of technical source information; quality of the Supplier’s processes, systems, equipment and capability; and competency of the Supplier’s employees.

Ed Engelhard, Vice President of Corporate Quality at Solar Atmospheres Inc., :
One of the world’s largest providers of commercial vacuum heat treating services for medical device, aerospace, and other industries, is a member of the Best Practices in Supply Chain Resiliency and Quality Working Group. In the white paper, he examines each of these factors and shows how they can be solved. “For some OEMs there may not be visibility to the farthest end of the supply chain. This may be especially true if manufacturing has been turned over to another party,” says Mr. Engelhard. “Yet, Suppliers may conduct critical processes during manufacture that cannot 100% be verified for compliance using inspection, so a lot of trust must be placed on the Supplier’s process capability to meet application requirements.

Mr. Engelhard concludes: “QMS certification as a sole quality oversight program is lacking in the technical rigor needed to assure that declared technical competencies by Suppliers are being met, but the MedAccred program fills that gap with subject-specific and highly-experienced Auditors focused solely on the technical matters at hand, using industry-agreed audit criteria developed by recognized industry subject matter experts, looking at a mix of witnessed and historical jobs processed by the Supplier to assure compliance to a highly detailed level.”

OEM Subscribers to the MedAccred audit and accreditation program include Baxter, Becton Dickinson, Boston Scientific, Edwards Lifesciences, Medtronic, Philips Healthcare, Roche Diagnostics and Stryker. Bob Lizewski, VP for MedAccred, said: “I am very grateful to Mr. Engelhard for his ongoing contributions to the Best Practices Supply Chain Resiliency and Quality Working Group. This new white paper provides an alternative perspective on the challenge of building resilient supply chains in the medical device industry, and gives us valuable insight into how these issues may be addressed through an industry managed and collaborative approach.”https://modernplasticsaward.com/nominate-now-2023-24/Best Practices in Supply Chain Resiliency and Quality Working Group :
Ed Engelhard is a member of the Best Practices in Supply Chain Resiliency and Quality Working Group. The Group was established earlier this year, to identify and recommend best practices to improve medical device quality and enhance supply chain resiliency. It comprises of representatives from the medical device industry, including leading OEMs and Suppliers, as well as Government, and industry associations.

About MedAccred:
MedAccred is a medical device industry-managed, critical process supply chain oversight program that reduces risk to patient safety, assures quality products and verifies compliance with requirements. The program is administered by the Performance Review Institute. OEM subscribers including Baxter, Becton Dickinson, Boston Scientific, Edwards Lifesciences, Medtronic, Philips Healthcare, Roche Diagnostics and Stryker, fund and manage the accreditation program and determine audit criteria, interview and select auditors, and determine which suppliers are granted accreditation.

About PRI:
The MedAccred program is administered by the Performance Review Institute (PRI), a not-for- profit trade association started in 1990. PRI is a global administrator of industry-managed critical process accreditation programs focused on improving process and product quality with collaboration among stakeholders in industries where safety and quality are shared goals.
www.medaccred.org.

 

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Covestro Forges Pioneering Agreements with Chinese Developers to Advance more Sustainable Building Solutions

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Covestro Forges Pioneering Agreements with Chinese Developers to Advance more Sustainable Building Solutions

  •  Buildings account for over half of nation’s emissions as government promotes more stringent energy targets
  •  Polyurethane-based solutions from Covestro support construction sector’s transition to more sustainability
  • Collaborations with property developers PDG and Lujiazui Group aim for widespread adoption of innovative solutions

In a strategic move to support China’s ambitious climate objectives, Covestro has forged partnerships with major Chinese property developers, including Shanghai Pudong Development (Group) Co., Ltd. (PDG Group) and Shanghai Lujiazui (Group) Co., Ltd., as well as key industry collaborators. Their shared objective is to advance more sustainable, energy-efficient solutions in construction, capitalizing on Covestro’s material expertise, especially in polyurethanes. These endeavors closely align with China’s stringent energy goals in the construction sector, addressing the urgent challenge of buildings contributing to over half of the nation’s carbon
emissions.

Thanks to its long history in polyurethanes chemistry, Covestro boasts a portfolio of insulation material solutions renowned for exceptional thermal and weather resistance. Initially used in refrigeration, they have great potential to enhance energy efficiency in construction.

“Covestro is devoted to becoming fully circular. At the same time, we help our customers and major industries to achieve climate neutrality through our material innovations. 1 The construction industry, particularly in China, is central to this mission. With our new partnerships we will expedite the adoption of more sustainable construction practices in China and jointly play a vital role in mitigating climate change,” said Dr. Markus Steilemann, CEO of Covestro, during the signing of agreements with named companies at the China International Import Expo (CIIE), an event dedicated to promoting imports and international trade.

One key collaboration involves PDG Group and insulation integration specialist Collodin, working on an innovative polyurethane exterior wall insulation system designed to be thinner and lighter than conventional alternatives. This system, named the ‘carbon-optimized composite wall insulation structural integration system’, combines polyurethane insulation with low thermal conductivity and a lightweight non-combustible layer, further reinforced by composite tie bars, ensuring superior insulation. A comprehensive study will evaluate its energy efficiency, safety, and economic viability before implementation on the developer’s future projects, provided it meets all compliance conditions.

https://modernplasticsaward.com/nominate-now-2023-24/

“We look forward to partnering with sustainable material expert Covestro in promoting this innovative solution, which could also set new standards in the industry. We believe this collaboration will facilitate the transformation and upgrade of the construction sector, promoting low-carbon, high-quality development in line with China’s dual carbon goals,” emphasized Li Junlan, Chairman of PDG Group.

Another groundbreaking partnership involves Lujiazui Group and Chinese composite profile maker Deyilong. Together, they are developing a low-carbon, energy-efficient window and door system tailored to meet Shanghai’s requirements on ultra-low energy buildings. This system will leverage Covestro’s Baydur Pultrusion, a composite material with exceptional thermal insulation, mechanical strength, and durability. The whole window system thereby can be made thinner for better aesthetics.

“We look forward to working with partners including Covestro, which has a proven track record in the field of efficient insulation in windows and doors. We aim to leverage Lujiazui Group’s property development strengths in Pudong, Shanghai to promote these excellent window and door systems and help elevate the industry’s energy efficiency level,” said Xu Erjin, Chairman of Lujiazui Group. “We are excited to be connected by the CIIE with Chinese property developers, which provides us with new opportunities that will last long. We intend to promote more sustainable and low-carbon solutions for the construction industry, enhance market penetration of energy-saving building solutions, and make efforts towards China’s infrastructure development and dual carbon goals,” said Holly Lei, President of Covestro China.

About Covestro:
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In
addition, polymers from Covestro are also used in sectors such as sports and leisure, cosmetics and health, as well as in the chemical industry itself.

The company is committed to becoming fully circular and is striving to become climate neutral by 2035 (scope 1 and 2). Covestro generated sales of EUR 18 billion in fiscal 2022. At the end of 2022, the company had 50 production sites worldwide and employed approximately 18,000 people (calculated as full-time equivalents).

www.covestro.com

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Asahi Kasei, Gentari, and JGC Signed MOU on FEED Study for 60 MW Class Alkaline Water Electrolyser to Produce Green Hydrogen in Malaysia

Asahi Kasei, Gentari, and JGC Signed MOU on FEED Study for 60 MW  Lass Alkaline Water Electrolyser to Produce Green Hydrogen in Malaysia

Asahi Kasei, Gentari Hydrogen Sdn Bhd, a wholly-owned subsidiary of PETRONAS clean energy arm Gentari Sdn Bhd (Gentari), and JGC Holdings Corporation (JGC) today announced the completion of a detailed feasibility study for production of up to 8,000 tonnes per year of green hydrogen using a 60 megawatt (MW) class alkaline water electrolyser system. The parties also signed a memorandum of understanding (MOU) for a front-end engineering design (FEED) study for the said project. This project is supported by the Green Innovation Fund for Large-scale Alkaline Water Electrolysis System Development and Green Chemical Plant Project by Japan’s New Energy and Industrial Technology Development Organization (NEDO). Pursuant to the MOU, the parties are preparing for the FEED study to commence in January 2024. The operation is planned for start-up in 2027.

This collaboration between Asahi Kasei, Gentari, and JGC will advance the deployment of a 60 MW water electrolyser paired with an integrated control system to produce green hydrogen. This commercial-scale project demonstrates the companies’ commitment to fostering markets for green hydrogen and establishing a foundation for regional green hydrogen production, aligning with the broader mission of decarbonisation in Japan, Malaysia, and across Southeast Asia.“We are pleased to collaborate with these two companies on a project that will demonstrate to the world the practical application of green hydrogen. Asahi Kasei’s experience from demonstration experiments in Germany and managing a 10 MW electrolyser in Japan for over three years will play a pivotal role in this project’s success,” said Nobuko Uetake, Lead Executive Officer of Asahi Kasei and Senior General Manager of its Green Solution Project.

“This strategic collaboration between Gentari, Asahi Kasei, and JGC, amplifies value for all involved. The project stands as a catalyst for advancing Malaysia’s hydrogen economy towards achieving its green hydrogen target of 200,000 tonnes per year by 2030, aligning with the National Energy Transition Roadmap and Hydrogen Economy and Technology Roadmap. Beyond this, Gentari is developing hydrogen projects with national and state entities to position Malaysia as the region’s leading hydrogenhub, leveraging PETRONAS assets and the country’s strategic advantages,” said Michèle Azalbert, Gentari’s Chief Hydrogen Officer.

“I would like to express our sincere appreciation for the efforts to conclude this MOU. JGC Group is currently constructing a demonstration facility of clean ammonia production adjacent to Asahi Kasei’s electrolyser at Namie-machi, Fukushima Prefecture, Japan, together with an integrated control system. We look forward to applying the lessons learnt from the demonstration and to utilising its technical outcomes toward the execution of this project in Malaysia,” said Masahiro Aika, Senior Executive Officer, Technology Commercialization Officer and General Manager, Sustainability Co-creation Unit of JGC.

About Asahi Kase

The Asahi Kasei Group contributes to life and living for people around the world. Since its foundationin 1922 with ammonia and cellulose fiber businesses, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 48,000 employees worldwide, the company contributes to a sustainable society by providing solutions to the world’s challenges through its three business sectors of Material, Homes, and Health Care. The hydrogen-related business is positioned as one of Asahi Kasei’s “10 Growth Gears” (GG10) businesses to drive future growth, and the company plans to focus proactive investment in this domain. Asahi Kasei is also a member of industry associations such as the Hydrogen Council in Europe and the Japan Hydrogen Forum in the U.S., emphasizing its dedication to advancing green solutions in key focus areas.

For more information, visit https://ak-green-solution.com/en/

About Gentari 
Gentari is focused on delivering the solutions required to put clean energy into action today, to transform how we live tomorrow. Gentari’s three initial core pillars of Renewable Energy, Hydrogen and Green Mobility form a comprehensive portfolio of solutions to help our customers in their decarbonisation journey. Its global 2030 aspiration is to achieve 30-40 GW of installed capacity in renewable energy, up to 1.2 million tonnes per year of clean hydrogen, and over 10% share of the public charging points and Vehicle-as-a-Service market across key countries in the Asia-Pacific region. In the long term, Gentari aims to be the most valued clean energy solutions partner, creating greater impact, connecting businesses, and making the journey to a net zero future possible. For more information, visit www.gentari.com

About JGC
JGC group operates Engineering, Procurement and Construction businesses for plants and facilities in a variety of regions throughout the world, contributing to economic growth and industrial development in not only Japan, but also in various countries worldwide. JGC group established our purpose as “Enhancing planetary health,” aiming to solve the three social issues of “achieving both a stable supply of energy and decarbonization,” “reducing the environmental impact of resource use,” and “establishing and maintaining infrastructure and services that support our daily lives” with making full use of the capabilities it hascultivated.
For more information, please visit https://www.jgc.com/en/

www.jgc.com/en/

 

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Cosmo First Publishes Sept Quarter Results

Cosmo First Publishes Sept Quarter Results

Cosmo First Limited today declared its financial results for the quarter ended 

Improved Q2, FY24 EBITDA is underpinned by enhanced BOPP film margins primarily due to festive season demand pick, partial revival of export demand and range bound movement in raw material prices. The Company continues to outperform the industry at large on the back of specialty films.

The near to medium term BOPP and BOPET margins are expected to remain subdued, more so for BOPET films due to an industry-wide supply overhang (58% capacity increase over Dec 21 capacity in BOPET vs. 23% in BOPP and an incremental 17% more by Mar26 in BOPET vs. 40% more in BOPP). The Company is working towards BOPET margin improvement over the next few quarters on the strength of shrink films and many other specialty films already launched.

With an objective to rationalize cost, the Company is in process of shifting extrusion coating plant from South Korea to India and has carried out operational restructuring in South Korea in Q2, FY24. Consequently, the consolidated results are affected by one-time restructuring costs of INR 3 crores.https://modernplasticsaward.com/nominate-now-2023-24/Under new initiatives, the Company has launched its Rigid Packaging business under the brand name ‘Cosmo Plastech’ which will manufacture thin wall containers and sheets for a wide array of FMCG products particularly for food industry. The Company has also started metallization of capacitor film which shall serve the rapidly growing electronics industry in India.

The Company’s Petcare vertical (Zigly) continued to grow rapidly and clocked a monthly revenue (GMV) run rate of about Rs. 4 crores on the back of expanding retail footprints with 19 stores as of Sept end and increased online presence. The Company shall now look for consolidation in H2, FY24 before initiating next round of growth in FY 25.

The Speciality Chemical subsidiary has got good initial response with its Packaging and Lamination adhesives and shall scale up the same in a phased manner from H2, FY24. Many of these new business initiatives post higher capacity utilization in the next 3-4 quarters will drive growth.

Commenting on Company’s performance Mr. Pankaj Poddar, Group CEO, Cosmo First Ltd said “In short-term the Company remained focussed on increasing specialty sales. In the medium term, multiple drivers including specialty BOPET films, sun shield film, rigid packaging and specialty chemicals will result in profitability enhancement / margin stabilization. Zigly will take 2-3 years to turn profitable and will be a wealth creator for the stakeholders. Pet adoption is expected to grow multi fold over the coming years with smaller families and rise of disposable incomes.’

About Cosmo First Limited
Founded in 1981 by Mr. Ashok Jaipuria, Cosmo First today has a presence across 100+ countries around the globe. Cosmo First is a global leader in specialty films and an emerging player in specialty chemicals (Masterbatches, Adhesive & Coating chemicals), digital first Omni channel Pet care business under the brand name ‘Zigly’, Rigid Packaging (Cosmo Plastech) and soon to be launched Window Films (under Cosmo Sunshield brand name).
www.cosmofirst.com

 

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ALTANA Successfully Places ESG Promissory Note Loan for 180 Million Euros

ALTANA Successfully Places ESG Promissory Note Loan for 180 Million Euros

The specialty chemicals group ALTANA has secured a promissory note loan totaling 180 million euros. The transaction, which was placed with around 70 German and international investors, was oversubscribed several times. In response to the robust demand during the borrowing process, the initial volume of 100 million euros was increased to 180 million euros. The promissory note loan is divided into tranches with maturities spanning three, five, and seven years.

The tranches encompass both variable and fixed interest rates. Thanks to the substantial interest in this transaction, it was possible to set the interest rate at the lower end of the marketing range, resulting in an average fixed interest rate of 4.40 percent per annum. The placement was conducted through Deutsche Bank and Landbank Baden-Württemberg.

We are delighted with the great response,” stated Stefan Genten, Chief Financial Officer of ALTANA AG. “This not only reaffirms our resilient business model, especially in economically challenging times, but also acknowledges our dedication to climate protection, energy efficiency, and occupational safety.”

As a sustainability-linked loan (“ESG-linked loan”), the amount of the interest rate is also contingent upon the attainment of certain sustainability targets of the ALTANA Group and thus on the company’s performance with regard to environmental, social, and corporate control processes (ESG for short).

“The promissory note loan fits excellently into our existing financing structure,” said Claudia Uhlich, Head of Group Treasury at ALTANA AG. “We have further diversified our financing sources and were able to tailor the individual tranches exactly to our specific requirements.”

The recently placed promissory note loan supports ALTANA’s overall corporate financing and serves as the foundation for the company’s further, sustainable growth. In 2021, ALTANA had already established a credit line with a sustainability component in collaboration with a consortium of house banks as well as a loan from the European Investment Bank (EIB) designated for green research projects. By doing so, ALTANA completely renewed the Group’s long-term financing.
www.altana.com

 

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RE: GmbH and Comexi Collaborate to Revolutionize Plastic Packaging Production

RE: GmbH and Comexi Collaborate to Revolutionize Plastic Packaging Production

Riudellots de la Selva/ Cologne – RE: GmbH and Comexi proudly announce their pioneering partnership with the objective of advancing digitization within the plastic extrusion and packaging sector, aiming to set new industry benchmarks. In a joint effort, the companies are embracing a holistic approach that allows plastic processors and packaging producers to seamlessly connect their entire shopfloor, unveiling unprecedented optimization potential.

Plastic processors and packaging producers worldwide struggle with integrating data from their conversion processes into the broader production landscape. This encompasses a wide range of critical processes, from print quality and sealing to coating, lamination, and waste management. Existing isolated applications have hindered comprehensive process integration and thus eliminated valuable optimization opportunities.https://modernplasticsaward.com/nominate-now-2023-24/To tackle this challenge, RE: GmbH, a corporate start-up of the Reifenhäuser Group specializing in digital solutions for the industry, and Comexi, a trailblazing provider of printing, laminating, and slitting solutions, have united their expertise. “At  Comexi, we strive to be at the forefront of groundbreaking advances in the packaging sector. Partnering with RE: GmbH is a consistent step for us to continue providing value to our customers. Our cooperation goes beyond merely integrating conversion processes. We are ushering in a new age of productivity, quality, and sustainability in the entire production chain,” states Jordi Sahun, Chief Innovation & Technology Officer at Comexi.

Daniel Kajan, Director Product & Operations at RE:, further explains, “By integrating their conversion operations with the c.Hub Middleware, our customers will achieve unparalleled operational effectiveness, sharper decision-making, and a strong competitive advantage in a fast-paced market.”

The development of the Comexi-to-c.Hub package is a cornerstone of this partnership. For instance, customers can now view and analyze data from Comexi flexographic printing presses in real-time, correlate it with other data from the production process, and document key quality parameters. “We hope that this cooperation will be a spark for the industry initiating further alliances. The c.Hub can integrate assets and systems of various ages, types, and vendors. The more innovators join our platform, the greater the disruptive power and the benefit to our customers”, emphasizes Daniel Kajan from RE:.

About Comexi:
Comexi is a leading global supplier of flexible packaging solutions, specializing in printing, converting, and lamination technologies. With a commitment to innovation and sustainability, Comexi empowers packaging manufacturers to excel in an ever-evolving industry.

About RE: GmbH:
RE: GmbH is a tech start-up of the Reifenhäuser Group, specialized in digital solutions tailored to the plastics extrusion and packaging industry. RE:’s goal is to support customers on their digitization journey enabling them to sustainably optimize their OEE.
www.comexi.com

 

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EOS and AM Solutions announce partnership

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EOS and AM Solutions announce partnership

EOS, one of the world’s leading technology providers for industrial 3D printing, and AM Solutions – 3D post processing technology, one of the world’s leading experts for industrial post-processing solutions, have recently combined their expertise and officially announced their partnership. Both companies are united by the goal of optimizing the process chain in the field of 3D printing and thus further paving the way to series production.

EOS and AM Solutions – 3D post processing technology, two leading companies known for innovation and expertise in their respective fields, have joined forces to focus on advancing the entire additive manufacturing process chain. In order to make the leap to mass production, the individual steps leading to the finished product must become increasingly automated and significantly more economical. There is a lot of potential in the interfaces. “In order to truly scale AM production, all steps within the value chain – including post-processing – must work in concert, providing a complete solution for our customers. With AM Solutions, we have found a partner with the capabilities to reach the next level in automating the AM process chain”, says Virginia Palacios, Chief Business Officer Polymer at EOS. “We share the same goal and enrich each other with our different competencies and decades of experience on both sides”.

Ms.Virginia Palacios “Our technology’s ability to provide quality and reliability while performing at
peak production levels is why we are the market leader and why we chose AM Solutions
as our partner”, says Virginia Palacios, Chief Business Officer Polymer at EOS.

“Our companies are united by the same high quality standards, the pursuit of the best customer solution in each case, and the goal of establishing 3D printing as a whole economically, efficiently, and at the highest level of qualitY”, adds David Soldan, Head of AM Solutions – 3D post processing technology. In addition, both companies are owner-managed, develop and produce their machines in
Germany and embody the values of successful, medium-sized German companies.”Our technology’s ability to provide quality and reliability while performing at peak production levels is why we are the market leader and why we chose AM Solutions as our partner”, says Virginia Palacios.

Scalable solutions without compromises
Above all, EOS and AM Solutions are working to take SLS printing to the next level on an industrial scale. The higher the output, the more reliable, faster and more efficient the subsequent steps, such as depowdering, have to be. The key to this lies in automated, economical and highly efficient post-processing. In this way, quantities can be scaled up as required – without compromising quality and reproducibility. Increased automation is also an important factor in addressing the growing shortage of skilled labor.

Sustainability and occupational safety are also key considerations.”Our depowdering solutions are always designed to recycle as much material as possible. This saves valuable resources and, ultimately, money,”explains David Soldan. As part of its Responsible Manufacturing mission, EOS places great emphasis on sustainability. The fully automated finishing processes also replace manual processing, ensuring greater safety and a much better working environment for employees by significantly reducing the operator’s direct contact with the powder.

Mr.David Soldan
“Our companies are united by the same high quality standards, the pursuit of
the best customer solution in each case, and the goal of establishing 3D printing as a
whole economically, efficiently, and at the highest level of quality,” says David Soldan,
Head of AM Solutions – 3D post processing technology.

About Rösler Oberflächentechnik GmbH / AM Solutions
For over 80 years, the privately owned Rösler Oberflächentechnik GmbH has been actively engaged in the field of surface preparation and surface finishing. As global market leader, we offer a comprehensive portfolio of equipment, consumables and services around the mass finishing and shot blasting technologies for a wide spectrum of different industries. Our range of about 15,000 consumables, developed in our Customer Experience Centers and laboratories located all over the world, specifically serves our customers for resolving their individual finishing needs. Under the brand name AM Solutions, we offer numerous equipment solutions and services in the area of additive manufacturing/3D printing. Last-but-not-least, as our central training center the Rösler Academy offers practical, hands-on seminars to the subjects mass finishing, shot blasting and lean management. The Rösler group has a global network of 15 locations and approx. 150 sales agents.

 

www.rosler.com / www.solutions-for-am.com

www.eos.info/polymer-expert

 

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