Arkema announces the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a major chemicals player in South Korea and a subsidiary of SK, the large South-Korean corporation. With this project, Arkema continues its shift towards specialty chemicals and advanced materials.

Thimm Group, based in Northeim in the German State of Lower Saxony, is continuing its growth path and expanding its solutions portfolio in the multi-material packaging segment. The subsidiary company Thimm Packaging Systems is taking over the supplier of foam solutions and technical moulded parts, ISL Schaumstoff-Technik GmbH, based in Viernheim in South Hesse and ISL Verpackungstechnik GmbH in Serba in Thuringia. ISL Group employs about 250 people at its two German sites. ISL Group is a specialist in foam and multi-material packaging solutions for single and multiple use applications and in technical moulded parts. The take-over will be finalised after the approval by the Federal Cartel Office which is expected in the next few weeks. It has been agreed that the purchase amount will not be disclosed.

Transaction amounting to around € 5.8 billion creates a leading electronic materials supplier

Annual synergies of € 75 million expected as of 2022
Integration planning well on track

With new growth capital of 11 million euros, the sustainable fibre technology company Spinnova is now starting the commercialization phase of the world’s most sustainable textile fibre. The company aims to revolutionize the raw material base of the textile industry with its cellulose-based fibre products in collaboration with major textile brands.

Continued investment in manufacturing sites sees 15,000 sqm ultra-modern facility open in Gothenburg to meet growing industry demand for electron beam melting (EBM) technology

40,000 sqm ultra-modern facility in Lichtenfels, Bavaria is part of continued investment in Lean manufacturing sites, in response to growing customer demand for its technology and the shift to additive serial production

Aleph Objects Inc. has reduced its staff as of today.

The Commercial Court of Toulouse on 10 October 2019 chose the industrial project of the Toulouse Satys Group to take over the ATE (Aéro Technique Espace) aircraft painting site in Châteauroux. ATE has been in recovery proceedings since 17 May 2019.

Estimates GAAP diluted net earnings per share (“EPS”) for fiscal 2020 of $1.98 to $2.10

Estimates non-GAAP diluted net EPS for fiscal 2020 of $2.22 to $2.32
Estimates fiscal 2020 free cash flow of at least $3.0 billion
Estimates total costs in connection with the restructuring plan of $1.0 billion and estimated annualized gross run rate savings of about $1.0 billion by the end of fiscal 2022
HP Inc. (“HP”) announces dividend increase of 10%

BCN3D and Global 3D are pleased to announce their partnership with a Distribution Agreement. Global 3D is now entitled to distribute across the polish market the well-known BCN3D’s Sigma and Sigmax, as well as the full range of filaments, accessories and spare parts.

For everyone who visited Edale’s stand at Labelexpo, apart from the company’s distinctive orange livery, the first thing you will have noticed was there was no running press. James Boughton Edale’s Managing Director explains what seems quite a controversial decision.

TOP Packaging, the joint venture owned by Thimm Group and located in Tychy in southern Poland, has successfully taken over the local supplier of corrugated cardboard packaging, United Packaging SA, in Skarbimierz near Wroclaw. The Polish cartel office has examined the acquisition of the works with more than 100 employees and approved it, taking effect as of 01.10.2019. The Thimm Group, based in Northeim in the German state of Lower Saxony, is thus also continuing its growth course in Poland.