Cast Nylons expanding in Ohio

By Frank Esposito
Senior Staff Reporter

Published: February 20, 2014 2:31 pm ET
Updated: February 20, 2014 9:13 pm ET

Related to this story

Topics Materials, Materials Suppliers

Plastic shapes maker Cast Nylons Ltd. is looking to expand by acquiring a building near its headquarters site in Willoughby, Ohio.

The building is located across the street from the two buildings CNL already operates, according to an article in the Feb. 19 edition of the Lake County News-Herald. Willoughby City Council approved a municipal tax incentive agreement for the expansion on Feb. 18.

CNL is negotiating to buy the building, which previously housed an organic food supply store. The firm plans to add 25 jobs in the next three years and 35 in the next five years, due in part to new sales from Canada and Mexico, company officials said in the article.

The city previously approved a tax incentive for CNL in 2010. That expansion was expected to create 18 jobs, but eventually created 25.

CNL describes itself on the firm's website as "the premier producer of cast nylon in North America." The firm's products includes sheet, rods, tubular bars and custom-cast components sold under the Nycast trade name.


Comments

Cast Nylons expanding in Ohio

By Frank Esposito
Senior Staff Reporter

Published: February 20, 2014 2:31 pm ET
Updated: February 20, 2014 9:13 pm ET

Post Your Comments


Back to story


More stories

Image

Startup post-consumer recycling specialty company Zzyzx wins grant

September 2, 2014 1:33 pm ET

An Allentown, Pa., company is receiving a grant of $737,000 to help support its efforts to develop polymers using post-consumer plastics.    More

Image

A. Schulman buys Australia's Compco, 10th acquisition in 4 years

September 2, 2014 11:13 am ET

Akron, Ohio-based A. Schulman Inc., a supplier of high-performance plastic compounds and resins, said it has acquired a company near Melbourne,...    More

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean...    More

Image

Chinese compounders seek market shares, often at the expense of margins

August 29, 2014 10:02 am ET

China's largest compounder, Kingfa Sci. & Tech. Co. Ltd., as well as its more automotive-focused counterparts Shanghai Pret Composites Co. Ltd. and...    More

Image

PP prices rise 5 cents

August 28, 2014 3:59 pm ET

After a one-month break, volatility has returned to the North American polypropylene resin market, with prices increasing by an average of 5 cents per...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events