Machinery News

Chinese company buys Macro

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Macro, meanwhile, issued a statement to say it will continue its business operations autonomously; retaining its key management personnel and operational structure.

Macro also said the acquisition will allow it to accelerate its previously planned expansion of its Canadian manufacturing and R&D facility in Mississauga, Ontario, which is already underway.

Early this year, the company had said its sales had returned to the record levels it had enjoyed in 2008, thus, requiring it to expand its operations to a neighbouring building. The new building, which will increase Macro's production floor space by 40%, will be used mainly for setting up and testing machinery prior to shipment. It had said sales orders had come from both local and global customers with European, South American, Chinese, Canadian and US markets being the most prominent.

Macro was founded more than 30 years ago by Mirek Planeta to manufacture blown and cast film machinery.

Dalian Rubber & Plastics Machinery is engaged in the production of blown film lines, roller calanders, hot mixers, pelletising lines and rubber internal mixers, among others.