Last updateFri, 03 Jul 2020 1pm

Metso Corporation’s partial demerger has been registered

The Boards of Directors of Metso Corporation (“Metso”) and Outotec Oyj have resolved to complete the combination of Metso’s Minerals business and Outotec Oyj through a partial demerger of Metso in accordance with the demerger plan and combination agreement signed on July 4, 2019. The completion of Metso’s partial demerger was registered today at the Finnish Trade Register.

Klingele acquires kraftliner factory in Brazil

The Klingele Paper & Packaging Group, one of the leading independent manufacturers of corrugated board base paper and corrugated board packaging, has signed an agreement with Klabin S. A., the largest producer of paper and corrugated board packaging in Brazil, to purchase the Kraftliner paper mill in Nova Campina in the state of São Paolo.

Clariant doubles capacity of its high-throughput catalyst R&D center in Palo Alto

Significant investment into extension of high-throughput catalyst R&D center in Palo Alto

The enlarged high-tech state-of-the-art facility will accommodate additional technical experts and cutting-edge equipment
Expansion will substantially accelerate catalyst discovery, development, and overall time-to-market

BOBST Group expects first half year loss due to Covid-19 lock-down impact and announces change in the Group Executive Committee

The spread of Covid-19 has caused major disruptions in the global supply chain and has impacted the international trade and service business in recent months. Most machine installations and service interventions scheduled for the second quarter of 2020 could not be performed as planned due to travel bans, which has a significant impact on revenue recognition. 2020 sales will be even less balanced than in previous years affecting negatively the first half-year’s profitability. Bobst Group expects its sales for the first half of 2020 to be more than CHF 200 million lower than the CHF 737 million achieved in the same period in 2019. The operating result (EBIT) for the first half of 2020 is expected to be around CHF 50 to 60 million lower than the CHF 15 million achieved in the same period of 2019.

International Manufacturing Technology Show Cancelled for First Time Since WWII

IMTS to continue to offer digital experiences to foster connections, networking and technical learning opportunities.

Because of health and safety requirements imposed by the state of Illinois for holding conventions, which include the availability of a vaccine for the COVID-19 virus or a highly effective treatment protocol, IMTS – The International Manufacturing Technology Show has announced that it has cancelled IMTS 2020.

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