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Processor of the Year

2009 Stimulus Program

MOST-READ STORIES

TH Plastics to open Ohio plant June 30, 2009
Dow Chemical closing La. feedstock plants July 1, 2009
Lear announces bankruptcy reorganization plan July 1, 2009
Conair cuts workforce, blames market weakness July 1, 2009
Teijin continues restructuring, exits NatureWorks PLA bioplastics venture July 1, 2009

MOST E-MAILED STORIES

Commodity resin prices swing upward July 2, 2009
TH Plastics to open Ohio plant June 30, 2009
Vinyl window manufacturers expect to see sales stimulus June 29, 2009
Bankruptcy court approves sale of Milacron June 29, 2009
Dow Chemical closing La. feedstock plants July 1, 2009

MORE AUTOMOTIVE NEWS

Rapid Die shutting down, blames auto slump June 8, 2009
Tricon Industries shuts down, plans to auction assets June 8, 2009
Conn. firm making lithium-ion batteries for new sedan June 8, 2009
Meridian Automotive sells seven plants to Decoma International June 3, 2009
GM owes millions to plastics part suppliers June 1, 2009
Car sales boost China’s plastics business June 1, 2009
Natural fibers and shiny surfaces will grace future car interiors May 29, 2009
Financial woes reshaping auto industry May 29, 2009
Auto supplier Visteon files for Chapter 11 May 28, 2009
Firm to recycle auto shredder residue May 27, 2009
Fuel rules are expected to drive new weight-shaving efforts May 22, 2009
Plastics firms look to China's auto industry May 21, 2009
Key Plastics closing Sault Ste. Marie plant May 20, 2009
In financial crisis, Synventive adapts in China May 19, 2009
Michigan auto molder WJG plans to tackle medical work May 19, 2009

Automotive

Visit our separate China Web site, either in Chinese or English

Lear announces bankruptcy reorganization plan

DETROIT (July 1, 5:10 p.m. ET) -- Lear Corp. said today it will soon file for Chapter 11 bankruptcy as the seat maker, reliant on the Detroit 3 for nearly 40 percent of sales, succumbed to the worst vehicle sales environment in nearly 30 years. July 1, 2009

TH Plastics to open Ohio plant

MENDON, MICH. (June 30, 2:30 p.m. ET) -- Michigan injection molder TH Plastics Inc. plans to open a new plant by the first quarter in 2010 in Findlay, Ohio. The company estimates 85 employees will be needed to operate the $3.2 million project, which received a $1.3 million low-interest, 10-year state loan. June 30, 2009

Michigan's Sur-Flo starts to recall workers

WARREN, MICH. (June 30, 11:20 a.m. ET) -- Warren-based Sur-Flo Plastics and Engineering Inc. is beginning to call workers back after temporary layoffs at its Warren and Fraser, Mich., plants. The layoffs were due to shutdowns at Chrysler and General Motors plants. June 30, 2009

Cumberland Plastics expands for Kia Motors work

AUBURN, ALA. (June 30, 11:15 a.m. ET) -- Injection molder Cumberland Plastic Solutions LLC will boost production and add 51 employees over the next two years. The company is growing in part to take on business from a Kia Motors Corp. plant in Georgia. June 30, 2009

A. Schulman to end production of Invision-brand plastic sheet

FAIRLAWN, OHIO (June 29, 4:15 p.m. ET) -- A. Schulman Inc. will end production of Invision-brand plastic sheet later this year. Ending production at a plant in Sharon Center, Ohio, will eliminate four jobs and save the firm $2 million to $3 million per year. Schulman will continue to make Invision-brand resin for sheet and thermoforming markets, but Chairman, President and CEO Joseph Gingo said in a news release that “much of Invision’s potential falls outside of A. Schulman’s manufacturing expertise in custom compounding.” June 29, 2009

BASF sees potential in China's auto market

GUANGZHOU, CHINA (June 19, 1 p.m. ET) -- Despite the general market slowdown, BASF SE sees potential in the growing Chinese automotive sector, and believes it can help Chinese car makers upgrade quality and save cost with innovative engineering resin products. June 19, 2009

Hella closing York, S.C., lighting plant

YORK, S.C. (June 19, 10:05 a.m. ET) -- German auto lighting company Hella KGaA Hueck & Co. is closing its U.S. manufacturing operation and moving production to lower cost facilities in Mexico and Eastern Europe. June 19, 2009

Inergy building fuel tank blow molding plants in India and China

PARIS (June 18, 12:45 p.m. ET) -- Inergy Automotive Systems is building two new fuel systems plants in Asia, including its first plant in India for the growing auto business there. The plant near Chennai, India, will make fuel systems for a Japanese automaker’s plant in Bangalore, the Paris-based company announced in a June 18 news release. A plant near Beijing will make parts for a Hyundai Motor Co. vehicle beginning in 2010. It will be Inergy’s second facility in China. Inergy launched production in Wuhan last year. June 18, 2009

Auto suppliers' health is top concern, Ford's Mulally says

DETROIT (June 18, 11:15 a.m. ET) -- The health of the supply base is now the auto industry's top concern, Ford Motor Co. CEO Alan Mulally said yesterday. "The most important thing that we do now is help them consolidate because we have this overcapacity," Mulally said. June 18, 2009

U.S. denies auto suppliers’ request for more aid

TROY, MICH. (June 16, 1:15 p.m. ET) -- The U.S. auto task force has shot down suppliers’ request for $8 billion to $10 billion in additional federal aid, said Neil De Koker, president of parts trade group Original Equipment Manufacturers Association in Troy. June 16, 2009

GM names Socia to replace Andersson as purchasing chief

DETROIT (June 16, 8:40 a.m. ET) -- General Motors on June 15 named longtime purchasing executive Robert Socia, 55, to replace Bo Andersson as group vice president for purchasing and supply chain. Socia currently serves as executive vice president of Shanghai General Motors. June 16, 2009

Plastivaloire acquires Key Plastics plants for $8.27 million

LANGEAIS, FRANCE (June 15, 4:30 p.m. ET) -- Langeais-based plastics firm Plastiques du Val de Loire (Plastivaloire) is poised to become France’s largest supplier of plastics to the auto industry with its €6m ($8.27 million) acquisition of Key Plastics’ operations in France and Slovakia. June 15, 2009

Ross: Auto suppliers lack cash to resume output smoothly

DETROIT (June 15, 4:15 p.m. ET) -- Investor Wilbur Ross sees trouble for suppliers who will need to restart parts production after Chrysler llc and General Motors exit bankruptcy. June 15, 2009

Purchasing chief Bo Andersson leaves GM

DETROIT (June 12, 10 a.m. ET) -- The face of General Motors Corp. for suppliers has left the company. Bo Andersson, who has led the Detroit-automaker’s global purchasing and supply chain operations since 2001, left GM on June 12. He established a reputation as a tough driver of prices during the 1990s when, as purchaser of chemical commodities, his unit fought back against price increases from GE Plastics. June 12, 2009

Automotive suppliers seek $10 billion in additional U.S. aid

BIRMINGHAM, ALA. (June 10, 4 p.m. ET) -- U.S. auto parts makers need at least $8 billion to $10 billion in additional federal aid to preserve the supply base and stave off more than 100 company insolvencies by 2010, a trade group told U.S. Treasury Secretary Timothy Geithner. June 10, 2009

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