Page 48 - Plastics News Issue December 2024
P. 48
BUSINESS NEWS
Indian plastics industry. Engel has been at the forefront of developing
energy-efficient machinery and processes that
The acquisition is part of Engel's broader strat- minimize environmental impact. By collaborating
egy to expand its footprint in Asia, particularly in with Electronica, Engel aims to promote sustain-
one of the fastest-growing markets for plastics. able practices within the Indian market, helping
By partnering with Electronica Plastic Machines, manufacturers reduce their carbon footprint
Engel aims to leverage the local expertise and while increasing productivity.
established market presence of Electronica,
which has been a key player in the Indian injec- The partnership between Engel and Electronica
tion molding sector for over three decades. This Plastic Machines is poised to create new oppor-
collaboration is expected to facilitate the intro- tunities for growth and innovation in the Indian
duction of Engel's cutting-edge technologies plastics sector. As demand for high-quality plas-
and innovations to Indian manufacturers. tic products continues to rise, this collaboration
will enable both companies to better serve their
Electronica Plastic Machines specializes in manu- customers by offering advanced solutions that
facturing high-quality injection molding machines meet evolving market demands.
and has a strong reputation for its customer ser-
vice and support. With Engel's investment, Elec- Engel's acquisition of a stake in Electronica marks
tronica will gain access to advanced technolo- a significant step towards enhancing its global
gies and resources that will enhance its product presence and reinforcing its position as a leader
offerings. This includes integrating Engel's state- in the injection molding industry. With this strate-
of-the-art automation solutions and digitalization gic alliance, both companies are well-positioned
tools, which are designed to improve production to capitalize on the growing opportunities within
efficiency and sustainability. India’s dynamic plastics market.
Both companies share a commitment to sus- Source:- Sustainable Plastics
tainability and innovation in the plastics industry.
INGA: The next generation of sustainable
plastics made from CO2 emissions
n a groundbreaking development for the plas-
tics industry, Fortum Recycling & Waste has
Iunveiled INGA, the world’s first biodegrad-
able plastic created entirely from carbon diox-
ide (CO ) emissions. This innovative material rep-
2
resents a significant step towards sustainable
plastic production, capturing the value of CO to
2
produce raw materials that are both fossil-free
and devoid of microplastics.
48 PLASTICS NEWS December 2024
