Page 24 - Plastics News January 2017

Company News
Ube, MHI complete merger of
injection machine businesses
Japanese equipment maker Ube Machinery Corp. Ltd.,
has completed its previously announced acquisition
of an 85 percent share of Mitsubishi Heavy Industries
Plastic Technology Co. Ltd., combining the injection
molding machinery businesses of the two companies.
Ube has set up a new entity, U&M Plastic Solutions
Co. Ltd., to market products from the two companies.
Mitsubishi’s Plastic Technology unit also said it was
relaunching operations under a new name: U-MHI
Platech Co. Ltd. The two pre-FEED, FEED, EPC, commissioning, operation and
companies said their
merger was driven by the facilities.
“increasingly severe”
business environment
in the injection molding around the world, through advanced sensors,
machinery markets both
in Japan and globally. “Through the integration of
their businesses in this field, Ube Industries and MHI
have opted to combine their respective strengths in
technologies, product lineup, and sales and servicing
networks in order to pursue enhanced strength,” they
said, adding that they targeted “adding value through
reduced manufacturing costs and timely anticipation
of customer needs.”
In August, Ube set up a new sales and service office in
Lexington, Ky., its second in the United States, to be
closer to automotive parts suppliers in the southern
U.S. The office is managed from its Ube Machinery Inc.
unit in Ann Arbor, Michigan.
The newly created U&M Plastic Solutions will offer
technical guidance and consulting services related to the
molding of plastic products, and will be supported by the
marketing strength of both brands. Working closely with
customers, the company will swiftly respond to on-site
needs and resolve associated issues to help customers
produce superior plastic products. By bringing together
their key strengths, U-MHIPT and U&M Plastic Solutions,
will offer superlative proposals and deliver products and
services of great satisfaction to customers around the
world, offering more advanced technological capabilities,
product lineup and product servicing.
• January 2017 • Plastics News 24
10
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GE and Toyo ink MOU
exploring digital solutions in
petrochemical industry
General Electric Company and Toyo Engineering
Corporation signed a memorandum of understanding
for a joint project to explore digital solutions for the
fertilizer and petrochemicals industry. Under the MOU,
GE and Toyo will jointly work to evaluate, define and
confirm the technical and economic feasibility of the
deploying of GE Predix, a unique cloud-based platform
built for industry, and Asset Performance Management
(APM) software, to implement specific solutions for
maintenance phases of fertilizer and petrochemicals
“GE has a strong track record in providing asset
reliability solutions across the Oil & Gas segments
combination of data driven and physic based analytics,
and troubleshooting expertise,” the company said in a
press release. “Toyo brings its complementary expertise
on processes and plant operations as EPC contractor
of fertilizer and petrochemicals plants and as Licensor
of Urea synthesis and granulation technologies.” Toyo
Engineering Corporation was awarded a contract for
a Steam Cracker Complex (SCC) project in Malaysia
by a subsidiary under the Petroliam Nasional Berhad
(PETRONAS) group. The SCC will be part of PETRONAS’
Refinery and Petrochemicals Integrated Development
(RAPID) project in Pengerang, Johor, Malaysia. The
contract has been awarded on a lump sum turn-key
basis and is scheduled for completion by mid-2019.