ECONOMY AND MARKET
Italian technology plast / April 2023
020
Sapa Group Takes a Majority Stake in Grupo Hispamoldes
Sapa Group , one of Europe ’ s leading makers of specialist next-generation parts for the sustainable mobility industry , has taken a majority interest in Grupo Hispamoldes , a Quarza ’ s portfolio company , the investment vehicle created by Cristian Abelló in 2019 , which will stay on as one of Hispamoldes ’ shareholders . The integration of Hispamoldes into Sapa , with the goal of creating a leading supplier in the European sustainable mobility industry , will give rise to Grupo Indea , through which it will be able to further its consolidation and expansion plans , reinforcing and increasing its business volumes , expanding its geographic reach and diversifying its customer portfolio . “ In addition to implying our entry
The Hispamoldes factory
Saipem and Garbo to Collaborate on Plastic Recycling
Saipem and Garbo , an Italian chemical company , have signed an agreement to support the industrialisation , development and international commercialisation on a global scale of a new technology for plastic recycling . The technology , named ChemPET , is Garbo ’ s proprietary depolymerisation technology which converts polyethylene terephthalate plastic waste , commonly known as PET , into new , high-quality PET and , therefore , of high value for the chemical and food industries . The agreement also provides for Saipem and Garbo to collaborate on the construction on an industrial scale of the first chemical plastic recycling plant in Italy , located in Cerano in the province of Novara . ChemPET is based on a chemical recycling technology that , unlike the mechanical process , enables the recycling of types of plastics for which no alternative solutions exist today ( such as coloured plastics ) and produces higher quality material that , in
into the Spanish and Moroccan markets , this acquisition is highly complementary as it will bring us access to new production technologies that will reinforce and broaden the scope of our One-Shot ® method , a patented system capable of combining all of the steps needed to produce automotive parts into just one , so constituting a more sustainable , agile and economic alternative ”, said Giovanni Affinita , CEO of Sapa Spain and Executive Board Member of Sapa SpA . For Quarza , which made its investment in 2019 , “ this transaction marks a significant step forward for Hispamoldes , now Indea , as it will provide a lever for accelerating its growth and expanding its reach ; solidifying its competitive position by giving it new multilevel capabilities ; and aligning with our customers strategies and needs , reinforcing its solvency as a manufacturer of technical plastic parts ”, said Cristian Abelló , President of Quarza Inversiones . Hispamoldes , headquartered in Orense , is a benchmark player in the Spanish thermoplastic injection moulding segment and in the manufacture of injection moulds and tools . It has over 350 employees divided across its four productive facilities ( three in Spain and one in Morocco ) and it generates around € 38 million of revenue . Within the automotive industry , Hispamoldes ’ customer roster includes players of the calibre of the VW Group , Plastic Omnium , the Samvardhana Motherson Group and Kostal .
Piovan Group Takes Over Selected Assets Of Protec
contrast to the mechanical process , does not lose its properties as it is recycled . ChemPET also allows for a simpler process and byproduct management and does not involve the use of flammable or hazardous substances . It therefore represents a solution to the expected growth in demand for recycling of plastics and of PET in particular , also in light of increasingly stringent regulations . Today , PET is mainly used for the production of bottles and packaging . Fabrizio Botta , Saipem ’ s Chief Commercial Officer , commented : “ This agreement is in line with Saipem ’ s strategy in the low carbon industrial segments and it enables us to enrich our portfolio of technologies and solutions for the circular economy and the sustainable chemical industry ”. Guido Fragiacomo , CEO of Garbo , stated : “ This agreement allows ChemPET to consolidate its technology leadership in crPET through the immediate industrialisation of the two 22.5 kTA units in Cerano and the licensing of the technology on a global scale ”.
Piovan Group acquires a selection of assets of German competitor Protec Polymer Processing GmbH (“ Protec ”), an international supplier of systems for the plastics industry , currently in receivership . The transaction involves certain assets previously belonging to material handling , dosing and Recycling divisions - markets where the Piovan Group itself operates and is world leader in the production of systems for automating production processes with plastic , recycled plastic and bioplastic materials . The transaction will take place through the controlled FDM with the triple purpose of : increasing the Service / post-sale activities , offering customers upgrades and retrofits of old Protec systems with new Piovan Group solutions , and supporting joint customers in the difficult situation caused by the bankruptcy proceedings of ProTec Polymer Processing GmbH . Piovan Group , which is actively engaged in the development of products and solutions dedicated to the recycling and circular economy supply chain , going forward will also supply Protec ’ s solutions in the recycling field , such as plastic regeneration and crystallization . In line with the group strategy the transaction strengthens the Piovan Group ’ s presence in the German market and in the key strategic segment of after sales services . “ Protec , previously Somos , is among the oldest European companies operating in automation for plastic and recycle plastic industry with a large installed base of unique solutions and a well-established customer base . – says Filippo Zuppichin , CEO of Piovan Group – It is a great honour and responsibility for Piovan Group and FDM to continue such an important tradition and offer their customers the possibility of enjoying such a long technological partnership .” “ For FDM it is an important step to further expand and establish the service area . We are pleased to be able to offer all customers the usual service in the field of service and spare parts supply ” - says Guido Faust , General Manager of FDM .
Craking Art Sculptures on Show in Hong Kong
Harbour City , Hong Kong ’ s largest shopping mall , partners with the renowned Italian Cracking Art group to host its debut Eco-public art exhibition in Hong Kong on its 30th anniversary . From now till 28 Feb 2023 , 90 animal sculptures made from regenerated
www . plastmagazine . it