To increase its hot runner manufacturing capacity, Oerlikon HRS Flow is building a new automated plant in Italy. The facility, which is expected to be operational by the end of 2024, will use advanced technologies and increase production by 30 percent.
Creating a new growth platform
Oerlikon signs agreement to acquire INglass, a global leader in high precision polymer flow control equipment, to accelerate expansion strategy in polymer processing market
INglass and its HRSflow Division is a market leader specialized in hot runner systems
Technology is highly complementary to Oerlikon s existing capabilities in polymer flow control and will expand Oerlikon s market access
Acquisition accelerates Oerlikon s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solution market
Oerlikon renames Manmade Fibers Division to Polymer Processing Solutions
Acquisition is expected to be completed in the second quarter of 2021
Oerlikon Signs Agreement To Acquire High Precision Polymer Flow Control Equipment Supplier INglass textileworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from textileworld.com Daily Mail and Mail on Sunday newspapers.
Oerlikon acquiring INglass in hot-runner deal
InGlass
Swiss manufacturing giant OC Oerlikon Corp. AG is acquiring hot-runner maker INglass SpA of Italy for an undisclosed price.
In an April 23 news release, officials with Oerlikon in Pfaeffikon, Switzerland, said that INglass and its HRSflow division are market leaders in hot-runner systems. They added that INglass s technology is highly complementary to Oerlikon s existing capabilities in polymer flow control and will expand Oerlikon s market access.
Oerlikon officials also said that the acquisition, which is expected to be completed in the second quarter, accelerates Oerlikon s strategy in diversifying its man-made fibers business to expand into the high-growth polymer processing solution market.