Piovan Group has recently increased its stake in Nu-Vu Conair, a joint venture established in 2007 by Conair and Nu-Vu Engineers aimed at producing auxiliary equipment for the plastics industry in India
With this acquisition, Piovan now holds a majority 51% share in the venture. Nu-Vu Conair, boasting approximately 250 employees and generating a turnover exceeding 20 million euros, operates out of a facility in Piplaj, Ahmedabad region, currently undergoing expansion. Their product range encompasses various equipment essential to polymer processing, including centralized vacuum conveying systems, dehumidifiers, chillers, and granulators. Polyester recycling
This strategic move aligns with Piovan’s objectives to bolster its presence in India, localize production, and reinforce support for local clientele. Additionally, the company aims to capitalize on its expertise in plastic recycling technologies to comply with emerging legislation in the region. Nu-Vu Conair’s integration into Piovan’s portfolio occurred in 2022 following Piovan’s acquisition of US-based IPEG.
Partnering with Nu-Vu Engineers, a leading Indian provider of polymer processing solutions and industrial cooling systems, Piovan anticipates leveraging synergies to capitalize on India’s burgeoning market potential. Filippo Zuppichin, CEO of Piovan Group, underscores the company’s commitment to India’s growth trajectory and expresses confidence in furthering Nu-Vu Conair’s market leadership through collaborative efforts, technological advancements, and expanded market penetration. Polyester recycling
Plastiverd, a Spanish company specializing in polyethylene terephthalate (PET) production, is set to maintain stable production levels at its PET plant in El Prat de Llobregat, Barcelona, Spain, starting from the end of February
With a production capacity of 210 thousand tons per year, the company aims to ensure production stability for commercial reasons, although the exact duration remains undisclosed.
This decision follows the successful restart of production in January after overcoming workforce shortages caused by the COVID-19 pandemic.
Plastiverd, acquired by the Cristian Lay Group in April 2014 from La Seda de Barcelona for around EUR 15 million, operates not only a PET plant but also facilities for ethylene oxide and ethylene glycol production, totaling approximately 200 thousand tons per year.
La Seda de Barcelona, the former owner, has operations spanning Spain, Turkey, and Italy, along with a recycling facility in Italy, and holds a significant stake in the Portuguese company Artlant PTA. Polyester recycling
Plastiverd’s commitment to maintaining stable PET production aligns with its strategic commercial objectives and underscores its dedication to consistent output.
As part of the Cristian Lay Group conglomerate, Plastiverd contributes to the broader portfolio of operations within the petrochemical sector, reflecting the conglomerate’s diversified interests and strategic positioning in the European petrochemical landscape.
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