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Buoyed by strong sales in its complete vehicles segment, automotive parts supplier Magna International Inc. reported record quarterly sales in Q1 2018, up 21 per cent year-over-year to $10.79 billion.
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Scheller has almost 30 years of international business management experience.
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Strong demand for both Dyneema UD, a unidirectional laminate, and Dyneema-brand fiber is prompting the increase, the company said.
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The acquisition will produce a unit with more than US$1 billion in U.S. sales of single-use foodservice items such as takeout containers, cups, and bags.
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After almost 20 years of selling its blow molding machines and blow molds into Europe, the Middle East, and Asia, Austria-based PET Technologies has now set its sights on North America.
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Sporting a silver metallic, pearlescent-effect finish, the world’s first HDPE bottle molded from 100 per cent ocean-bound plastic has just hit the market.
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