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ISSUE 04-05 / 2001 |
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| Editorial | BACK to contents |
Dear Readers,
The PET industry is reorganising itself.
After a long and stormy period of jockeying for position we are gradually reaching a time for contemplation and consolidation. Many players in the market have had to learn the hard way that high turnover doesn’t necessarily mean high profits.
A lot has happened in the PET processing sector over recent months. Mergers have been almost the order of the day. We have reported on the take-overs of ANC by Rexam, CNC by Amcor, Altoplast by Resilux, Luxpet by Schoeller Wavin, Topwave by AGR and in this issue we report on the take-over of Fermit Plastic by Resilux.
Now the mergers and take-overs epidemic is reaching the machinery sector. After several smaller moves the fist big strike by SIG was the take-over of Krupp plastics. In this issue we now carry a report on SIG’s take-over of part of the Sasib group, and the friendly bid by Tetra for Sidel. The carton packaging giants are slowly but surely getting their arms around the PET market, and in the unofficial match between Tetra and SIG the score is now 1–1.
It has also been clear since last year that KHS (filling
machines) and MPM (plastics machinery, with subsidiaries such as Netstal and
Krauss-Maffei) are for sale. And the take-over carousel could still have a
few surprises for us. The trend in the industry is clear to see, though. Offer
the customer as much as possible in the way of complete installations from
one supplier, and try to eliminate potential interface problems between different
parts of the line.
I wish you smooth running!
Alexander Buechler
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