2014-2015 Exhibitions
Austrian recycling equipment company Next Generation Recyclingmaschinen GmbH (NGR) has acquired a majority interest in the German extrusion machinery maker Dr. Collin GmbH. Both companies see strong synergies in a combined technology platform and global marketing activities. Terms were not disclosed.
Collin will continue to operate independently, but a group of companies will be formed with more than 220 employees. An extended value creation chain will enable the new organisation to target customised system solutions to research institutes, universities, plastics recyclers, polymer manufacturers, makers of industrial plastics recycling facilities, compounders, recycling companies, etc.
NGR says with its equipment virtually any form of plastic waste can be recycled to produce valuable plastic pellets. Plastic waste produced during the production process in plastics manufacturing operations can be recycled with NGR equipment; valuable plastic can also be recovered from used plastic products.
Compact extrusion equipment such as blown film units, flat film units, extrusion lines and stretching equipment from Collin enable clients to further develop the recycling process and process plastics materials economically and efficiently. In addition to laboratory equipment, products developed and manufactured by Collin include high-performance pilot systems for medical technology, materials manufacturers and large portions of the plastics industry.
"If you look at the product lifecycle of plastic scrap, NGR has always been active in supporting the stages of product manufacture (i.e. production waste) and recycling. With the expertise of Collin we are expanding our capabilities in product design - an important stage in exploiting the full potential of plastics - and pointing the way toward effective use of finite resources," explains Josef Hochreiter, CEO of NGR. "Consistent development of recycling processes and materials with the products of Dr. Collin GmbH have made the company a forerunner in technology in the past 40 years. With this know-how, the trust of clients and the reputation of NGR, the organization will be able to competently address future requirements from and within the plastics industry," states Dr. Heinrich Collin. To ensure continuity, Dr. Collin will retain a minority interest in the company and will also provide support for the company and to his successor in the CEO role. "The flexibility to meet clients' requests and needs will continue to be a key part of future joint marketing and sales activities," adds Dr. Collin.
Founded in 1996, NGR has sales of EUR29 million in FY2012/2013. It exports 99% of its output and has sales locations in the US, Malaysia, Taiwan and China.
A manufacturer of equipment for plastic analytics and analytics of processing procedure, Collin's export ratio is 80% and sales for FY2013, EUR20 million.
(PRA)
