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

Houston Plastic continues to grow with new press, controlled production area

October 1, 2014 11:32 am ET

Custom injection molder Houston Plastic Products Corp. has extended its clamp tonnage range and added an environmentally controlled molding area.    More

Image

German auto supplier Benecke-Kaliko to build second plant in China

October 1, 2014 10:24 am ET

German auto supplier Benecke-Kaliko AG is set to build its second Chinese facility, in Changzhou, to produce surface materials for automotive...    More

Image

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Japan's parts makers face challenges as carmakers expand supply base

September 29, 2014 11:01 am ET

For all their size and success, Japanese auto suppliers that rocketed to global dominance on the coattails of their No. 1 customer, Toyota Motor Corp....    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and asse...    More

Market Reports

Plastics in Mexico - State of the Industry Report

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

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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

More Events