Morioku investing in two US molding plants

By Rhoda Miel
News Editor

Published: December 10, 2012 6:00 am ET

Related to this story

Topics Automotive, Injection Molding

TOKYO (Dec. 10, 3 p.m. ET) — Auto supplier Moriroku Group is in the midst of two expansions in North America to make parts for Honda Motor Co. Ltd.'s U.S. operations.

Moriroku’s Rainsville Technology Inc. is investing $3.3 million for additional floor space at its injection molding plant in Rainsville, Ala. The facility will also add 30 jobs to its current employment base of 450 workers.

The expansion was previously announced in June, when RTI received a tax abatement of more than $170,000 for sales and property taxes from the Rainsville City Council.

Tokyo-based Moriroku’s Greenville Technology Inc. in Greenville, Ohio, is also in the midst of an expansion, investing $21.37 million to build a new injection molding plant in Anderson, Ind., which will also make parts for Honda.


Comments

Morioku investing in two US molding plants

By Rhoda Miel
News Editor

Published: December 10, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Europe puts its 'Circular Economy' recycling effort on hold, for now

December 18, 2014 12:28 pm ET

The European Commission has withdrawn its Circular Economy initiative from its 2015 work program, and will instead replace it with “a new, more ...    More

Image

Sabic: Rapid demand growth led to Ultem shortage

December 18, 2014 12:06 pm ET

Sabic Innovative Plastics has been increasing production capacity for its Ultem polyetherimide but it still got caught short by increasing demand for ...    More

Image

Plastics News Now: Polystyrene helps spur honey production

December 18, 2014 6:00 am ET

Bee farmers are crediting polystyrene with an increase in honey production, plastic toymakers lament shipping delays and plastic bag ban backers are...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Image

Sweden's Indutrade buys Belgian packaging firm Verbeek

December 18, 2014 9:42 am ET

Sweden's Indutrade AB has purchased all the shares in Belgium's Verbeeck Packaging Group.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events