P&G's molding unit Imflux picks Cincinnati area headquarters

By Michael Lauzon
Correspondent

Published: November 7, 2013 3:19 pm ET
Updated: November 7, 2013 3:30 pm ET

Related to this story

Topics Sustainability, Packaging, Injection Molding, Molds/Tooling
Companies & Associations Procter & Gamble Co.

A new Procter & Gamble Co. injection molding subsidiary has chosen Hamilton, Ohio, as its headquarters.

Imflux Inc. was recently formed to develop innovative injection molding technology. It had scouted locations around West Chester, Ohio, to relocate from its birthplace in P&G’s Beckett Ridge Technical Center but decided to relocate in Hamilton, outside Cincinnati, where P&G is based.

Imflux has entered into a long-term lease agreement with Trident Capital Group, according to a short statement from the City of Hamilton. The announcement states that Imflux plans to create 221 jobs within three years at the site. The company is negotiating terms of a development agreement with the municipality.

“Imflux and its innovative plastic processing technology are an excellent addition to our growing advanced manufacturing sector,” Jody T. Gunderson, director of economic development for Hamilton, in a statement emailed to Plastics News.

Imflux spokeswoman Anna Hogan said in an email that the company hopes to begin production in summer of 2014. She declined to provide details of the move, deferring to Hamilton’s statement to the press.

Just what Imflux plans to do is open to speculation. The company emphasizes that it has numerous patents covering injection molding technology, from materials to molds to low-pressure molding, but has been tight-lipped about its intentions. It even suggests it could provide technology to non-competing businesses.

“Imflux is focused on delivering competitive advantage for P&G,” stated Hogan. “As such, we are working with our supply chain partners to deliver the system across P&G’s vast network of injection molded parts.”

P&G hopes to save $200 million annually through new injection molding technology. In a Nov. 5 report, news website Cincinnati.com quoted P&G Chief Financial Officer Jon Moeller saying the new technology could cut P&G’s resin usage by 100 million pounds per year and reduce electricity consumption by more than 250 million kilowatt hours a year.

P&G wants to save $6 billion of costs out of its supply chain and about $4.5 billion of that from materials savings.


Comments

P&G's molding unit Imflux picks Cincinnati area headquarters

By Michael Lauzon
Correspondent

Published: November 7, 2013 3:19 pm ET
Updated: November 7, 2013 3:30 pm ET

Post Your Comments


Back to story


More stories

Sumitomo Bakelite buying injection molder Vaupell Holdings

April 24, 2014 7:37 pm ET

Private equity firm H.I.G. Capital LLC of Miami has entered into a definitive agreement to sell plastics processor Vaupell Holdings Inc. to Sumitomo...    More

Image

Chicago City Council committee approves plastic bag ban

April 24, 2014 7:11 pm ET

Chicago is poised to become the next major U.S. city to enact a ban on single-use plastic bags after a City Council committee vote on April 24.    More

Image

Plastics News Now: Simpsons go Lego, Pharrell Williams gets into recycled plastic

April 24, 2014 8:45 am ET

Lego has teamed up with "The Simpsons" for a special episode, we see the trends at the International Home + Housewares Show and musician Pharrell...    More

Injection molder Precision Plastics adding space, presses in Indiana

April 24, 2014 2:54 pm ET

Custom injection molder Precision Plastics Inc. is expanding its Columbia City, Ind., operation.    More

Bemis Co. reports flat quarterly sales and profit

April 24, 2014 3:22 pm ET

Bemis Co. Inc. feels no pressure to fill its vacant chief financial officer’s position, a slot that has now been vacant for months.    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

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

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

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