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Plastics News

chinapost.com.tw - 01/21/2012
Smart phone giant HTC and petrochemical heavyweight Formosa Plastics were the most profitable firms in 2011, among companies that have already submitted their financial results for last year, the local United Evening News reported yesterday.
Plastics News - 01/20/2012
When Whirlpool Corp. finally closes the doors in the next few months on its Fort Smith, Ark., facility, supplier Huntington Foam LLC will follow suit and shutter its supporting plant.
Plastics News - 01/20/2012
Mexican PVC pipe and resins maker Mexichem SAB de CV, which in November made a hostile takeover bid for Dutch counterpart Wavin NV, says it expects sales of $4.3 billion this year, up 13.2 percent from 2011, regardless of whether the Wavin and other potential deals are cemented.
Plastics News - 01/20/2012
Materials firm Oxford Performance Materials Inc. has been chosen as the first company to be funded by Connecticut’s Small Business Express program.
Plastics News - 01/20/2012
Industrial packaging supplier Mauser AG is boosting its intermediate bulk container capacity in the United States by 70 percent with the addition of a blow molding machine in its Houston facility.
Plastics News - 01/20/2012
China’s Keyuan Petrochemicals Inc. said Jan. 19 it plans to build a 400,000 metric ton ABS resin plant in Guangxi province, allowing it to expand its markets in south and west China and in Southeast Asia.
Plastics News - 01/19/2012
The Society of Plastics Engineers has appointed a plastics and SPE veteran as its new CEO, the society announced Jan 19.
European Plastics News - 01/19/2012
India’s largest automotive air conditioning system maker Subros is foraying into additional plastic automotive parts.

“We are planning to make wide range of plastic engineering parts for automotive application in 2012,” said Nagendrappa Pujari, assistant vice president, at the Auto Expo in New Delhi.

Plastics News - 01/18/2012
Thermoformer Paragon Plastics Inc. plans to add 10,000 square feet of space to an adjacent building in Cocoa to provide more warehouse space and to expand its overall complex to 35,000 square feet.
Plastics News - 01/17/2012
Century Mold Co. Inc. is expanding in Tennessee and Mexico to keep up with its customers.

The Rochester, N.Y., firm, which is heavily involved in automotive injection molding, is seeing growth in its key market and in relatively new business areas, said Century Mold CEO and President Ron Ricotta, in a telephone interview.

Plastics News - 01/17/2012
Stuttgart-based compounding extruder company Coperion GmbH has entered the strand pelletizer business by purchasing a majority stake in PELL-TEC Pelletizing Technology GmbH.
nytimes.com - 01/13/2012

The Westlake Chemical Corporation, a manufacturer of raw materials used in plastics, has made an unsolicited all-cash bid to acquire the Georgia Gulf Corporation, a commodity chemicals maker, for $30 a share.

Plastics News - 01/13/2012
Harold Martin Sr., founder and CEO of blown film extruder GloPak Corp., died on Dec. 26. A memorial service is planned for Jan. 14 at the company headquarters in South Plainfield.
Plastics News - 01/13/2012
Distribution firm M. Holland Co. has added BASF Corp. to its list of engineering resin suppliers.
Plastics News - 01/12/2012
In a surprising reversal, a 5-cent North American polyethylene price increase that seemed to have faded away in December actually took hold in the market.
Plastics News - 01/12/2012
Materials firm Polymera Inc. has launched production of 60 million pounds of capacity for wood-plastic composite compounds at its plant in Hebron.
Plastics News - 01/12/2012
Hong Kong’s plastic toy factories face tough conditions, squeezed between weak markets overseas and rapidly rising wages and costs in their mainland China factories.

In interviews at the recent Hong Kong Toy Fair, the world’s second-largest toy exhibition after the Nuremburg International Toy Fair in Germany, local plastics executives and industry leaders struck tones somewhere between caution and pessimism.

prweb.com - 01/12/2012

The Rodon Group has been named a finalist for the 16th Annual Processor of Year Award presented by Plastics News. This prestigious award will be presented at the end of January at the Plastics News Executive Forum in Tampa, FL.

prweb.com - 01/12/2012

The Rodon Group has been named a finalist for the 16th Annual Processor of Year Award presented by Plastics News. This prestigious award will be presented at the end of January at the Plastics News Executive Forum in Tampa, FL.

marketwatch.com - 01/12/2012
NN, Inc. today announced that Jim Dorton, Senior Vice President, will assume the additional responsibility of General Manager of the Company's Plastic and Rubber business unit. The Plastic and Rubber business unit is comprised of the Industrial Molding and Delta Rubber operations and had revenues of $39.1 million in 2010.

Mr. Dorton joined NN in June of 2005 as Vice President, CFO and Corporate Development. He was promoted to Senior Vice President in May 2010. In addition to his new responsibilities, he will continue in his current role as Senior Vice President, Corporate Development and Chief Financial Officer.

Plastics News - 01/12/2012
Local government officials say Fortis Plastics LLC abandoned this northern Mexico municipality just before Christmas “without any warning to their employees, suppliers or government institutions.”
Plastics News - 01/12/2012
The company that produces Coca-Cola in Australia says the technology for self-manufacturing lighter PET beverage bottles is reducing the carbon footprint of each bottle by 22 percent.
Plastics News - 01/11/2012
Molded Fiber Glass Union City has installed a Multicam 7000 series computer numerical controlled heavy duty router in early January in its fabrication department.
Plastics News - 01/11/2012
Wisconsin Plastics Inc. plans to spend about $1 million to expand and modernize custom injection molding capacity at its Green Bay plant.

The private company will buy four hydraulic-electric hybrid Negri Bossi injection presses and robots over the next year, said President Jim Christensen in a telephone interview.

Plastics News - 01/11/2012
One of Hong Kong’s largest plastic injection molding companies, Vigor Precision Ltd., is leading an effort with the Hong Kong government to develop what they say will be China’s first locally owned airline seat manufacturing business.
Plastics News - 01/10/2012
Custom injection molder Diversified Plastics Inc. has been bought by its employees through an employee stock ownership plan.

Employees purchased the company effective Nov. 1 but James Dow president, CEO and co-founder of the Minneapolis, Minn., company will remain as president, the firm announced Jan. 4. Dow has a three-year contract to remain on board with an option to renew.

European Plastics News - 01/06/2012
Chinese injection moulding machine maker Haitian International Holdings has canceled plans for a factory in the northern Chinese city of Dalian, saying the Chinese government’s austerity measures have slowed down the market.
livingstondaily.com - 01/06/2012

Howell Township-based Pinckney Molded Plastics will close in the next three months, resulting in the immediate loss of about 16 of 47 jobs at the plant through an acquisition of the business, according to a corporate memo.

European Plastics News - 01/06/2012
Dutch technical design studio People Creating Value (PCV) has been involved with pipes producer Georg Fischer (GF) in developing Variofleks plastic sealing rings. These are for GF's Multi/Joint 3000 epoxide resin coated cast iron metal water and gas (WAGA) pipe joint fittings.
European Plastics News - 01/06/2012
Extrusion equipment supplier Davis-Standard has a new owner, as financial group Hamilton Robinson Capital Partners completed a deal 23 December to sell the company to Onex, the big Canadian private equity firm.
Plastics News - 01/05/2012
Manuli Stretch Group Spa is looking for a buyer or joint venture partner for its Shelbyville stretch film plant.
Plastics News - 01/05/2012
Single-screw extruder maker American Kuhne Inc. is moving into complete blown film lines, working with its partner company in Germany, Kuhne GmbH.
Plastics News - 01/05/2012
In a deal between two thermoforming firms, Rohrer Corp. has purchased Buckell Plastic Co. Inc. for an undisclosed price.
Plastics News - 01/05/2012
Orbis Corp. is moving toward integrating its operations and service capabilities with those of Corbi Plastics.
Plastics News - 01/05/2012
Styrolution Group is selling its Elix Polymers business to Sun European Partners.

Elix Polymers, the Spanish ABS offshoot of global petrochemicals giant Ineos Group, is being divested to meet a European Union antitrust condition for the formation of Styrolution, a styrenics joint venture owned by BASF and Ineos.

Plastics News - 01/05/2012
Precision injection molder and contract manufacturer Florida Production Engineering Inc. has acquired Erie, Pa.-based thermoplastic injection molder Omni Plastics Inc. in order to expand its capabilities to serve the healthcare and medical markets.
Plastics News - 01/05/2012
The CEO of JBI Inc. has been charged with allegedly reporting false and inaccurate financial information in 2009 to bolster the company’s balance sheet to help raise capital it needed to build and operate its plastics-to-oil processors.
Plastics News - 01/05/2012
Fortis Plastics LLC is closing another factory, as news reports said 122 people will lose their jobs when Fortis closes a former Kurz-Kasch thermoset molding plant in Wilmington.
Plastics News - 01/05/2012
New York private equity firm Arsenal Capital Partners has bought a majority stake in plastic barrier treatment maker Fluoro-Seal Holdings LLC for an undisclosed price.
Plastics News - 01/05/2012
Indorama Ventures Public Co. Ltd. (IVL) has agreed to buy 100 percent of FiberVisions Holdings LLC, a U.S.-based global manufacturer of specialty mono and bi-component fibers.
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