ECONOMY AND MARKET
LyondellBasell Completes Acquisition of Mepol Group
LyondellBasell has completed the acquisition of Mepol Group , a manufacturer of recycled , high-performing technical compounds located in Italy and Poland . Mepol S . r . l . and its subsidiaries Polar S . r . l . and Industrial Technology Investments Poland Sp . z . o . o , will be subsidiaries in Lyondell- Basell ’ s Advanced Polymer Solutions ( APS ) business unit . LyondellBasell ’ s APS segment produces and markets compounding solutions , such as polypropylene compounds , engineered plastics , masterbatches , engineered composites , colors and powders and is a global leader in compounding solutions . “ The acquisition is forward-thinking and aligned with our commitment to
Mirco Melato ( left ), CEO of Mepol , and Torkel Rhenman , executive vice president Advanced Polymer Solutions of LyondellBasell
a circular economy ,” said Torkel Rhenman , executive vice president Advanced Polymer Solutions of LyondellBasell . “ With Mepol ’ s deep expertise in recycled compounds and LyondellBasell ’ s strategy and scale , we see significant opportunities to accelerate the growth of our APS business by leveraging macro trends in circularity and creating solutions for everyday sustainable living .” LyondellBasell is building a leadership position to address the rapidly growing demand for circular and renewable solutions . The company is committed to produce and market at least 2 million metric tons of polymers from recycled or renewable-based sources annually ,
Massimo Margaglione is the New President of Amaplast
There is a new President at the Amaplast helm for the two-year term 2023-2025 : Massimo Margaglione ( Gefit spa ), who was Vice President for the past 4 years and now receives the baton from Dario Previero . Also elected were the two Vice Presidents : Gabriele Caccia ( Syncro srl ) for a second term and Barbara Ulcelli ( IMG srl ) in her first term . New president Massimo Margaglione laid out the guidelines of his presidency : “ As newly elected president of Amaplast , I feel it is my duty first and foremost to choose continuity with the major initiatives undertaken by my predecessor . To this end I shall undertake to promote , support , and implement the spirit of collaboration that has taken form between Acimac , Ucima , and our association so that we can set up a federated body that strengthens our position within Confindustria . The safeguarding of the interests of the plastics industry and its operating assets is now an unquestionable necessity and priority . We will have to work with governments , institutions , and national organizations in order to guide policies that are favourable to our
Massimo Margaglione , president of
Amaplast
goals and to counteract the negative perception of our industry , often and unfairly seen as responsible for the adverse environmental impacts that are all around us . In addition to this , Amaplast will continue providing support services in order to inform and often also train its member companies on such sensitive and now inescapable issues as the sustainability and social responsibility of companies .