Toray pledges $2 million to proposed campus engineering project

By Frank Antosiewicz
Correspondent

Published: February 28, 2014 2:25 pm ET
Updated: February 28, 2014 2:28 pm ET

Related to this story

Topics Film & Sheet, Extrusion, Education & Training

Toray Plastics (America) Inc. is pledging $2 million to help the University of Rhode Island’s College of Engineering remake its campus through a $125 million capital project.

The money is the first commitment of corporate support for the project which Gov. Lincoln Chaffee has included in his proposed state budget. It will be contingent on the approval of a bond referendum ballot that Rhode Island voters will consider in November.

The plan would enable URI to replace five existing buildings used for engineering with a new 195,000-square-foot facility.

The new building would house engineering programs in biomedical, chemical, civil, computer, electrical, industrial and systems, and mechanical areas of study.

“I’m delighted by the long and productive partnership between Toray and the university, and I’m tremendously grateful for this generous pledge to the College of Engineering,” said URI President David Dooley, in a news release.

Toray has a history of helping URI’s College of Engineering. It has contributed nearly $2.3 million in gifts, supporting the Toray Plastics of America Inc. Engineering Fellowship and the Toray Plastics of America Inc. Scholarship for Undergraduates. During the current academic year, more than 26 students have received financial assistance from the two funds.

Toray President and CEO Richard Schloesser said that 100 employees, or 20 percent of its workers, are engineers, and the company expects the need to grow.

Toray was one two local plastics businesses supporting the URI project at a recent state hearing. Toray presented a letter of support, while Teknor Apex Co. of Pawtucket testified in favor of the bond offering.

URI has awarded engineering degrees since 1893. It currently has 1,316 undergraduate and 231 graduate students taking part enrolled in the various engineering programs. It is anticipating a projected 18 percent rise in student enrollment.

Toray manufactures polyester, polypropylene, bio-based, and metalized films for flexible and rigid packaging, lidding, graphic, industrial, optical and electronic applications. It is based in North Kingston, R.I.


Comments

Toray pledges $2 million to proposed campus engineering project

By Frank Antosiewicz
Correspondent

Published: February 28, 2014 2:25 pm ET
Updated: February 28, 2014 2:28 pm ET

Post Your Comments


Back to story


More stories

Image

Coveris makes another flexible packaging buy

August 22, 2014 9:34 am ET

Coveris Holdings is continuing its rapid acquisition pace, this time picking up flexible print specialist Learoyd Packaging (Holdings) Ltd. to boost...    More

Image

Inteplast expands in corrugated sheet with Coroplast deal

August 21, 2014 5:28 pm ET

Packaging major Inteplast Group has acquired its main competitor in corrugated plastic sheet, Coroplast Inc. Inteplast gets corrugated sheet plants...    More

Image

NanoHolding, Applied Nanotech merge to form PEN Inc.

August 21, 2014 4:44 pm ET

Nanotechnology firms NanoHolding Inc. and Applied Nanotech Holdings Inc. are merging to create PEN Inc., a publicly held firm whose product mix will...    More

Image

Report predicts growth for flexible packaging

August 21, 2014 12:34 pm ET

Flexible packaging in the United States grew last year and is expected to continue to grow this year, according to a new report by the Flexible...    More

Image

Tree Armor: The buck stops here

August 20, 2014 12:17 pm ET

Pennsylvania farmer Jim Saunders pitched his idea for a vinyl wrap to protect tree trunks from deer to U.S. processors in five states but no one would...    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