WCA November 2023

Industry News

Davis-Standard to acquire Extrusion Technology Group Extrusion equipment specialist Davis Standard has reached a definitive agree ment to acquire the Extrusion Technol ogy Group (ETG). The acquisition is sub ject to customary closing conditions. Davis-Standard serves the global infrastructure and packaging end markets with a highly engineered suite of extrusion equipment and converting systems supported by aftermarket spare parts, service and support for its customer base. believe it will allow Davis-Standard to provide a broader and deeper product portfolio to our customers.”

It is intended that the ETG business will be established as a stand-alone segment that will continue to serve its base of customers, with additional support and capabilities from Davis-Standard. Gerold Schley, CEO of ETG, will join the Davis Standard senior leadership team and continue to manage the ETG business after closing of the transaction. Davis-Standard, LLC www.davis-standard.com

With a history dating back to 1943, ETG is well established in the global extrusion equipment and services sector. It supplies extrusion equipment and downstream processing equipment, in addition to extensive tooling, dies, spare parts and service capabilities, for the global pipe, profile, film and sheet markets. Its operations span Europe, the USA and Asia.

Giovanni Spitale, CEO of Davis-Standard, stated, “We have long admired ETG’s capabilities and highly engineered products and are thrilled to welcome ETG into the Davis-Standard family of brands. The acquisition of ETG will be highly complementary and diversifying to our fast-growing enterprise, and we

Compound production expands with new unit in Monterrey

operation of production units in Serbia, Morocco and Portugal. in Monterrey’s industrial zone, will be equipped with the latest technology to enable the production of high-quality polymer compounds. It will significantly increase the company’s production capacity, improve supply chain efficiency, and reduce lead times for customers in the Mexican and American markets. Anselmo Mendes said, “The opening of our new production unit in Monterrey, Mexico, The production unit, located Cabopol sales director

Cabopol Polymer Compounds, a pro ducer of thermoplastic and cross-linked compounds, is expanding its global presence with the opening of a new pro duction unit in Monterrey, Mexico. The new unit is part of a long-term strategy to provide clients with better products and services and to reach new markets. The unit will have an initial configuration of two production lines, with potential for expansion, and the company expects to achieve a production capacity of 25,000 tons per year. As Cabopol’s first production unit on the American continent it paves the way for expansion in this region, and follows the successful

The design of Cabopol’s new unit in Mexico

marks a pivotal moment for Cabopol. We are dedicated to delivering the highest quality polymer compounds, and this expansion allows us to further our commitment to excellence. We are excited to better serve our customers and contribute to the growth of the local economy.” Cabopol Polymer Compounds www.cabopol.com

Orion twice upgraded by environmental reporting groups Orion Engineered Carbons has been upgraded to a ‘B’ score by the non profit organisation CDP, in recognition that the company has addressed the environmental impact of its businesses and ensures good environmental management. said Orion CEO Corning Painter. “Accountability is one of Orion’s core values, so we are committed to reporting openly and transparently about our climate programme – especially the CO 2 emissions reduction measures we have implemented and the success we’ve had protecting the environment and our communities.”

Orion has also received a Gold medal rating from EcoVadis, an independent organisation that assesses companies in a range of sustainability areas. The company improved its score from the previous year to just one point away from receiving a Platinum rating. “The way Orion was able to jump five points in one year and reach the top one per cent of companies shows how the many improvements we have made can add up to a big change,” said Mr Painter. “We are so close to Platinum now and will continue to strive for that goal as we deliver sustainable solutions to our customers.” Orion Engineered Carbons SA https://orioncarbons.com

The UK-based CDP, formerly known as the Carbon Disclosure Project, operates a global system that enables companies to report their environmental impact. It assesses the information with its own methodology and provides a score. More than 18,700 companies worldwide reported data through CDP in 2022. “Our ‘B’ score is the latest example of the tremendous progress we have made in recent years with sustainability,”

Since 2017, Orion has disclosed its climate-related performance through CDP and until now received a ‘C’ score, indicating an awareness level of engagement. CDP says companies with a ‘B’ score have reached the management level: they “have addressed the environmental impacts of their business and ensure good environmental management.”

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November 2023