Among the benefits or perhaps detriments of sitting seeing that a trade analyst may be the obliteration of one's thinking process, as you meanders through the era of prolific trade market rumors. To wit and recently; the rumored order of Ney Plastics by Useon Industries. I really believe the single screw extruders rumor will materialize if only because it would add over 260 stock What to Useon's Bottle and Plastic Product Conceptions Offerings, and Greatly Expands its PET PVC Molding Capabilities.
Neither company will confirm nor deny anything - did you expect anything else ? However the industry and trades aren't deterred. They're scuttle butting all over the accepted place. There is no top secret that global head Useon Industries Ltd, most widely known for its Clean Plus product trading and conceptions under symbol FLKI, is acquisition hungry for small complementary manufacturers. Actually it disclosed as very much in a recent press release. Considering that 60% of its product offerings happen to be packaged in plastics of various ilk it really is no wonder that Useon is normally demonstrating an interest - which as I said you won't deny, in obtaining a producer of PET PVC packaging. Ney is a perfect fit as a manufacturer and decorator of plastic bottles and containers mainly for the non-public care, auto attention, housewares, and grocery stores. It is also a blow molder of high-density polyethylene and polyethylene terepthalate jars and bottles for the non-public care, pharmaceutical, nutritional dietary supplement, and niche beverage and grocery stores. And finally it really is mostly of the remaining manufacturers of Polyvinyl Chloride PVC, product vital that you Useon's more aggressive chemical substance formulations. Furthermore, Ney's Technigraph designing division provides environmentally-friendly container decorating expertise.
Manuel Garcia, communications officer at a recently available press conference appointed after spectacular results for YE 2011 just, to go over 2012 opportunities and goals stated : "I can neither confirm nor deny the rumors, but will say that as of now, no expression of intend offers been exchanged between the two companies. I'll say nevertheless that Ney is without question a well-run privately possessed company with attractive product lines in household chemical substances and food packaging all of which would properly complement Useon's product conceptions and admittedly offer a number of important synergies."
Come on - they need to be kidding! This acquisition will be an important first step to developing home based business in key sectors which are critical to FLKI's stated progress plan. Useon's announced development strategy is to include the acquisition of effective companies whose product lines and customer contacts open brand-new possibilities for Useon's global distribution network. Ney's product lines significantly expand the amount of products FLKI's distributors can take to the market. Garcia when pressed, added : "The chance for cross-selling stock products into both companies' existing customers would efficiently provide some immediate product sales opportunities and also help Useon move toward its long-term development objectives."
Ney, who is a Useon group provider, has established a reputation in the industry for being a nimble, reliable and flexible supplier of Family pet, and HDPE packaging, and manufactures some polypropylene and PVC items also. Ney utilizes fundamental blow molding technologies, including Extrusion Blow Molding, Injection Blow Molding, Single Stage Injection Stretch Blow Molding and Two-Stage Stretch out Blow Molding. The company as well manufactures preforms on state of the fine art injection molding equipment to support its RHB operation or even to sell preforms right to customers. Ney's 2-stage PET functions will come to be complementary to Useon's recent investments in 2-level blow molding.