Quadion closing South Dakota molding plant

By Frank Antosiewicz
Correspondent

Published: December 2, 2013 6:03 pm ET
Updated: December 2, 2013 6:05 pm ET

Related to this story

Topics Injection Molding

Quadion Corp., d.b.a. Minnesota Rubber & Plastics, plans to shutter its Watertown, S.D., facility by the fourth quarter of 2014.

The Minneapolis-based company said it has significant excess capacity in its worldwide manufacturing operations, and that the Watertown plant is located in an aging building, which was built in 1966, with antiquated manufacturing equipment.

Production will be transferred to facilities in Litchfield, Minn.; Mason City, Iowa; Reynosa, Mexico and Suzhou, China.

Quadion also has plants in Plymouth, Minn.; River Falls, Wis.; Irvine, Calif.; and Pac-sur-Eure, France. The company molds products from rubber and thermoplastics and employs more than 1,000.

The closure impacts 171 employees, according to the South Dakota Department of Labor and Regulations. The company and the state are working to find employees positions with other companies.

Quadion was acquired by private equity firm Norwest Equity Partners of Minneapolis in September 2012.

 


Comments

Quadion closing South Dakota molding plant

By Frank Antosiewicz
Correspondent

Published: December 2, 2013 6:03 pm ET
Updated: December 2, 2013 6:05 pm ET

Post Your Comments


Back to story


More stories

Image

Hyundai Mobis investing $24 million to expand in Slovakia

January 22, 2015 9:28 am ET

South Korean auto parts maker Hyundai Mobis has unveiled plans to invest about 21 million euros ($24.1 million) to modernize and expand the output...    More

Image

Pyramid investing in new presses as it targets sales in medical, technical molding

January 21, 2015 1:40 pm ET

Custom molder Pyramid Plastics Inc. is investing to boost its stake in medical and technical molding.    More

Image

Hart takes hands-on approach

January 21, 2015 11:06 am ET

When Melanie Hart walks the floor of one of her plants, she solves problems.    More

Image

Canada's ABC Group to launch Polish car parts plant

January 19, 2015 9:10 am ET

Canadian auto parts supplier ABC Group Inc. has unveiled plans to set up a new production facility in Bydgoszcz, in northwestern Poland, reports...    More

Image

Sleek use of plastics add function, polish to JCI concept

January 19, 2015 6:00 am ET

When the next generation of vehicle owners takes the driver's seat, they'll do a lot more than drive. That's the idea behind Johnson Controls Inc's ne...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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