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According to the Plastics and Rubber Machinery Association in the German Mechanical Engineering Industry Association (Verband Deutscher Maschinen- und Anlagenbau – VDMA), German manufacturers of plastics and rubber machinery can look back positively on 2020, a year marked by the coronavirus, and despite the exceptional overall situation.

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HDT Automotive Solutions has agreed to take over the insolvent German automotive and industrial supplier Veritas. (Source: Veritas AG)

The globally active US company HDT Automotive Solutions has agreed to acquire the German automotive and industrial supplier Veritas. The relevant company purchase agreement has been signed by insolvency administrator Dr. Jan Markus Plathner, partner at the nationwide active law firm Brinkmann & Partner, and several acquiring companies of HDT Automotive Solutions. The purchase includes all four German sites in Gelnhausen (Hesse), Polenz and Neustadt (Saxony) as well as Benshausen (Thuringia) and all foreign subsidiaries in Europe, Asia and North America. In Germany, around 1,520 employees will be taken over. According to current plans, around 60 of the 1,166 employees in Gelnhausen will be made redundant. All employees at the six foreign subsidiaries will be taken over. The parties have agreed not to disclose the purchase price.

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Lanxess announced that it has completed the sale of its organic leather chemicals business to TFL Ledertechnik GmbH on 1 June 2021. TFL is a global supplier of leather chemicals and a portfolio company of US investment firm Black Diamond Capital Management, L.L.C. All relevant antitrust authorities have granted the necessary approvals for the transaction, which was announced in August 2020.

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Injection moulding machine manufacturer and system solution provider Engel is inviting customers to the live e-symposium 2021 from 22 to 24 June 2021. For the first time, Engel's traditional in-house exhibition will be a virtual event. Several thousand guests are expected.

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Wanhua Chemical, a global leader in the production and marketing of polyurethanes, petrochemicals and fine chemicals, has received the inaugural “Excellence Award” from Axalta. Dr. Howard Ding, Sales Director of Wanhua Fine Chemicals, and Marc Block, Vice President of the Performance Chemicals Business Unit, accepted the award online on behalf of the company.

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According to Messe Düsseldorf, now that the deadline for registrations for K 2022 has been reached, it is clear that the interest taken by exhibitors in the world’s most important trade fair for the plastics and rubber industry, to be held in Düsseldorf, Germany, from 19 to 26 October 2022, continues unabated. “K 2022 will again occupy the entire fairgrounds,” said Erhard Wienkamp, Managing Director at Messe Düsseldorf, and added: “When talking to exhibitors we feel that there is an enormous demand for personal exchange on a global level.” 

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The Automotive Division of the Society of Plastics Engineers (SPE) announced a new category for its 50th annual Automotive Innovation Awards Gala, the oldest and largest recognition event (established in 1970) in the automotive and plastics industries.

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On 17 May 2021, Toyoda Gosei Co., Ltd. announced that it has established a new plant in Mexico, the Tapex Mexicana, S.A. de C.V. Monterrey plant, and has started production of the bags that are a main component of automotive airbags in March 2021.

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Datwyler announced that it is further expanding production capacities for the Healthcare and Food & Beverage businesses as well as logistics capacities of the online distributor Reichelt. The company said this is driven by encouraging order intake and customer demands. In 2021, the company expects to invest a total of CHF 120 million to CHF 130 million. Datwyler said it will invest at least CHF 80 million between 2020 and 2022 in its Swiss plant. With a new competence centre for surface technology, the company will strengthen its position for multi-component parts, which play an important role in systems for electric vehicles.

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Songwon Industrial Co., Ltd., announced the establishment of its new business entity in China, Songwon International-Qingdao Co., Ltd. The new organization will ensure that the South-Korean company remains well-positioned to continue providing customers in this important strategic region with high quality products and service.

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