Nordic News in Brief - December 2020

Summary of plastic news in brief from the Nordic plastics industry

Important deal

Sweden: Braincool AB has signed a distribution agreement with KCP Medical. The agreement applies to the distribution of the product Cooral System for oral mucositis in the South Korean market.

Medical area growth

Sweden: Specialplast AB has acquired EBA Plast AB, which works with HF welding of plastic parts. The customers are to be found in both healthcare and the automotive industry. Next year a new clean room will be built.

 Strategic acquisition

Denmark: Coloplast has acquired Nine Continents Medical, Inc. The purchase price is stated to be $ 145 million. The acquisition is Coloplast's entry ticket to the market for the treatment of overactive bladder.

 Acquisitions make the Group unique

Sweden: The Söderbergföretagen Group has acquired Formteknik in Gislaved AB. This makes them unique in the Nordic region since they now can offer injection molding and machine processed plastics and tool manufacturing.

 Brunstam back as CEO

Sweden: Hexpol AB has appointed the company's chairman of the board, Georg Brunstam, as CEO of the company. Georg Brunstam was President and CEO of Hexpol between 2007-2017.

 Broader portfolio

Sweden: The packaging manufacturer Treform Packaging AB has acquired the packaging wholesaler PacPortalen AB. Treform now can offer both standardized and customer-unique thermoformed packaging solutions.

Energy savings with new compressor

Sweden: Jaxal AB has invested in a new compressor and a central vacuum system, which saves the company more than 210,000 kWh annually. In 2020, demand for trailer covers has risen and the company has developed in a positive way.

 From 500 to 1600 pallet places

Denmark: The distributor Willbrandt Gummiteknik is building a new office and warehouse, which will be ready next spring. The company will then have 1600 pallet places in the warehouse, which will do logistics easier.

Solid growth

Sweden: Nolato AB increases its sales and earnings for Q3 compared with the same period last year. Sales increased to SEK 2,500 million (1,980) and operating profit (EBITA) to SEK 304 million (238).

 Two becomes one

Sweden: The two subsidiary companies Plastex AB and Plastteknik AB, have been merged under the Plastex brand. The company will supply both injection moulded and extruded plastic products.

 Innovation nominated for Award

Sweden: ReGlove is a recyclable, biodegradable protective glove, produced as a sustainable alternative to nitrile gloves. A student team has developed a machine with which it is possible to dip and then sterilize the gloves of PVA (polyvinyl alcohol).

Important order

Denmark: The plastic company Hexa-Cover will invest in new machines and molds for a large project concerning floating tiles made of recycled plastic.

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