Andritz takes over Parpala

German paper machine clothing producer Heimbach and its subsidiaries are planned to be taken over by Albany International Corp. and thus to become part of the latter’s paper machine clothing (PMC) division. A corresponding agreement was reached by the Heimbach shareholders and Albany. The merger is still subject to...

Mechanical engineering firm Voith has acquired a stake in Yangi, a Swedish sustainability start-up. The two parties signed a purchase agreement in December 2022. Voith explains that Yangi developed a new strategy for the production of 3D-formed, cellulose-based packaging. The process is said to be based on dry forming...

Engineering, design and advisory service company Afry announced it had signed an agreement to divest its Russian subsidiary to local management. “The local ownership and operations will secure a good solution for both employees and customers,” the company explained. The transaction is subject to regulatory approvals,...