Plastics News - Injection molding

Sunday, July 27, 2008

Injection molding

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Portola makes Chapter 11 restructuring deal
BATAVIA, ILL. (July 25, 6:10 p.m. EDT) -- Portola Packaging Inc., one of the largest makers of tamper-evident closures and plastic containers for water, juice and dairy products, will enter a restructuring support agreement.

Managers acquire injection molder MXL
LANCASTER, PA. (July 25, 6 p.m. EDT) -- Lancaster-based injection molder MXL Industries Inc. is under new ownership after a group of upper-level managers bought the company from National Patent Development Corp., a distributor of home-improvement products and hardware.

N.H. contract molder invests in expansion
MERRIMACK, N.H. (July 25, 5:50 p.m. EDT) -- Contract molder Tech NH Inc. recently completed a 7,000-square-foot addition to its Merrimack plant and installed a 780-ton Nissei injection press. The company also plans to add a 700-square-foot clean room by the end of August.

Analysts: Cross-border deals up in second half
AKRON, OHIO (July 25, 5:45 p.m. EDT) -- International players are big on the mergers and acquisitions scene this year — and in certain plastics sectors, that’s likely to pick up, in part spurred by the weak U.S. dollar, several analysts said.

Wis. molder Accelerated builds bigger plant
HUDSON, WIS. (July 25, 4:50 p.m. EDT) -- Injection molder Accelerated Plastics LLC plans to boost operations by constructing a 10,000-square-foot facility. The company now makes parts for the medical, outdoor and electronics industries at a 6,500-square-foot site that it leases.

Infiltrator gets two giant injection presses
OLD SAYBROOK, CONN. (July 24,6 p.m. EDT) -- Infiltrator Systems Inc. is installing two huge injection molding presses from Engel North America — among the largest Engel has on the continent.

Ohio auto supplier opens plant in Mexico
TOLEDO, OHIO (July 24, 1:25 p.m. EDT) -- Automotive parts manufacturer Dana Holding Corp. has opened a plant in Mexico to produce molded rubber gaskets and other components for the U.S. and Mexican markets.

DC-Mould relocating to larger Shenzhen site
SHENZHEN, CHINA (July 23, 5:40 p.m. EDT) -- For those who fear rising costs across the board in China, here’s a message from on the ground: You can keep costs relatively low, but it takes effort. Injection mold maker DC-Mould, for one, is moving its factory location around boomtown Shenzhen, to keep the rent low.

Biopolymers market lures Thailand´s Rama

Temprom

BANGKOK (July 22, 6:35 p.m. EDT) -- Thai processor N.R. Rama Co. Ltd. is investing in the bio-based plastics market through subsidiary Bio Green World Co. Ltd. Rama, an injection molder, has invested $903,000 in new equipment, including a blown film extrusion line, and land for a factory in Chon Buri, Thailand, that it plans to build in a year, according to executive coordinator Benjaporn Temprom.

Plastican adding machines, staff for R&D
LEOMINSTER, MASS. (July 22, 4:25 p.m. EDT) -- Plastic pail manufacturer Plastican Inc. will expand research and development at its headquarters plant in Leominster.

Nampac to add equipment at Ind. bucket plant
VALPARAISO, IND. (July 21, 11:30 a.m. EDT) — Nampac Inc.´s plastic buckets and lids plant in Valparaiso will expand, thanks in part to a local tax abatement.

Hoffer buys minority stake in Intec Group
SOUTH ELGIN, ILL. (July 18, 8:30 p.m. EDT) -- Hoffer Plastics Corp. will extend its geographic reach through an alliance with custom injection molder Intec Group Inc.

Besieged auto supplier Blue Water to close
MARYSVILLE, MICH. (July 18, 8:10 p.m. EDT) -- Blue Water Automotive Systems Inc. expects to close its facilities within 90 days, laying off more than 1,400 workers, a local news report said.

Tenacore, recently purchased Newport, growing
SANTA ANA, CALIF. (July 18, 7:55 p.m. EDT) -- Owners of Tenacore Holdings Inc., which acquired Newport Plastics LLC earlier this year, are upgrading both operations.

Rubbermaid raising prices, cutting lineup
SANDY SPRINGS, GA. (July 18, 4:10 p.m. EDT) -- Newell Rubbermaid Inc. announced July 15 that it will enact a quarterly price adjustment mechanism beginning Jan. 1 — with increases as high as 22 percent — in the latest move by a major plastics processor to cope with high resin costs.