“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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
