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

Material Insights: Sabic explains Ultem shortage

December 22, 2014 6:00 am ET

A recycler says new machinery will make it more efficient, a compounder will expand in Ohio, Chevron Phillips Chemical announces a pilot plant and...    More

Image

Swedish compounder makes first North American plastics acquisition

December 22, 2014 10:19 am ET

Swedish rubber compounder Hexpol AB has made its first North American plastics acquisition, buying the plastics compounding business of RheTech Inc....    More

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Jarden hiring for new plastics plant

December 19, 2014 1:45 pm ET

Consumer products conglomerate Jarden Corp. is hiring plastics technicians for a new operation in Erlanger, Ky.    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 in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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