Racing parts molder relocation status unclear

By Michael Lauzon
Correspondent

Published: October 31, 2013 5:05 pm ET
Updated: October 31, 2013 5:07 pm ET

Related to this story

Topics Automotive, Injection Molding, Thermoforming

A racing vehicle components firm has qualified for assistance to relocate and injection mold parts in Thomasville, N.C., according to local news reports.

SV Plastics LLC told government officials it hopes to create 25 jobs and invest $2.2 million in the project, according to The Dispatch in Lexington, N.C.

SV proposes moving from Hebron, Ohio, to Thomasville, where related companies also will be based. One of the related companies will be CV Products, now also based in Hebron. CV Products was formed in 1997 by Ken and Glen Laivins, according to CV’s web site. It has injection molding and thermoforming capabilities to make racing vehicle accessories based on patents and rights owned by SV, according to the web site.

SV and CV officials declined to be interviewed or to explain the relationship between the companies. Managers would not speculate when SV and CV would relocate but as of the week of Oct. 21 no move had occurred. Thomasville has qualified SV for a $500,000 Community Development Block Grant for building reuse, provided SV creates jobs by October 2015. Other conditions for the grant include setting aside 60 percent of the jobs for low- and middle-income residents, The Dispatch reported Oct. 21. The new jobs would have annual salaries of about $50,000 in SV’s proposal.

Thomasville city manager Kelly Craver, quoted in The Dispatch article, could not be reached by Plastics News to clarify the status of the relocation.

When government officials initially began reviewing SV’s proposal they referred to it as Project Z13, according to an Aug. 26 report in the Winston-Salem Journal. SV’s identity for the Z13 proposal was confirmed in July. In May, Davidson County Board of Commissioners approved up to $29,700 in tax-rebate incentives for SV. Other local incentives worth about $13,000 over five years are also offered to SV to create jobs.

 


Comments

Racing parts molder relocation status unclear

By Michael Lauzon
Correspondent

Published: October 31, 2013 5:05 pm ET
Updated: October 31, 2013 5:07 pm ET

Post Your Comments


Back to story


More stories

Image

Cambro investing $30.4 million in new N.C. injection molding plant

April 18, 2014 2:36 pm ET

Foodservice products manufacturer Cambro Manufacturing Co. Inc. plans to set up a satellite production and distribution operation in Mebane, N.C., to ...    More

Image

'Thermoforming has nearly limitless possibilities'

April 18, 2014 12:54 pm ET

Julie McAlindon of PolyOne Corp. speaks about the future of thermoforming and the integration of Spartech Corp.    More

Image

Increased orders prompt Georg Utz to add capacity, equipment in Indiana

April 18, 2014 12:20 pm ET

Plastic totes and tray orders have picked up to the point where manufacturer Georg Utz Inc. has added machines, silos and material feed systems to...    More

Image

Ascend targets nylon for auto applications, opening propylene monomer unit in Texas

April 18, 2014 10:57 am ET

Materials firm Ascend Performance Materials Inc. is in full operation at its new nylon 6/6 compounding line in Florida and will break ground by the...    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events