Jwell building new factory, mulling acquisition
CHICAGO （June 26, 2009） -- Chinese equipment maker Shanghai Jwell Extrusion Machinery Co. Ltd. is building a new factory in Suzhou to significantly expand its capacity, as executives say they are
looking at an European acquisition.
Taiwan's Jenn Chong to double capacity
CHICAGO (June 25, 2009) -- Taiwanese equipment maker Jenn Chong Plastics Machinery Works Co. Ltd. showed a blown film line at NPE that was bound for a Canadian customer. The Tai Pao, Taiwan-based
company also plans to add another 43,000 square feet to its existing facility, giving it about 75,000 square feet, as demand for its film extruders, monofilament extruders and strapping machines
grows.
China’s manufacturers mull ways to boost industry
 Chan
U.S. machinery shipments plunged in fourth quarter
WASHINGTON, D.C. (June 23, 2009) -- The U.S. plastics equipment market suffered an across-the-board decline in 2008 that hit all sectors of injection presses, extruders, blow molders, auxiliaries and
screws and barrels, according to a year-end report from the Society of the Plastics Industry Inc.
PTI to introduce Globaline extrusion system at NPE
CHICAGO (June 16, 2009) -- Processing Technologies International LLC (PTI) is unveiling its new Globaline extrusion system that allows efficient short-run production of sheet at NPE2009. The system is
especially designed for PTI’s strategy of expanding into areas such as Russia, Eastern Europe, South America, China and India where an extrusion line needs to handle a variety of jobs.
Steer Engineering aims for top of China extruder market
 Padmanabhan
U.S. thermoformer of pickup truck bedliners closes line
PORTAGE, WISCONSIN (May 19, 2009) -- The slowing North American auto industry and consumers’ shifting away from trucks is prompting Penda Corp. to close one of its two U.S. thermoforming lines
making pickup truck bedliners. The company will shut down extrusion and most of its thermoforming in Lapeer, Michigan, cutting about 112 jobs by July 17, Penda officials announced May 12. Executives
believe the U.S. auto market has undergone a “structural change” with a consumer shift to smaller cars, away from the trucks that were the core of the heavy-gauge thermoforming business for
Penda.
Milacron announces definitive sale agreement
BATAVIA, OHIO (May 12, 2009) -- Milacron Inc. announced that it has signed a definitive agreement to sell substantially all of its assets for about US$175 million (1.19 billion yuan). The deal is
still subject to approval by the U.S. Bankruptcy Court in Cincinnati, Ohio, and to potential bids from competing parties.
Some companies taking a long-term look at solar power
HONG KONG (May 19, 2009) -- Plastics companies are trying to take a long-term view of China's solar power markets, even as the industry struggles through a sizable downturn. Some firms are pushing
forward with investments, even as others say they are holding back.
Mexico City votes to ban polyethyene bags
MEXICO CITY, MEXICO (March 31, 2009) -- Mexico City’s legislative assembly has voted to ban non-degradable plastic bags in all stores in the Mexican capital. Plastics industry leaders sharply
criticized the law, but one was optimistic that it can still be amended.
Seekan Interlayer investing in film plant for solar market
ZHENJIANG, JIANGSU (March 31, 2009) -- Chinese ethyl vinyl acetate film producer Seekan Interlayer Technology Co. Ltd. is building a second factory to target what it sees as long-term opportunities in
the solar energy market, even as its customers in China’s solar module manufacturing industry are seeing a sharp contraction caused by the global economic downturn.
SPI stimulus brings Nissei back to NPE
Plastics Hall of Fame to induct 9 new members at NPE
CHICAGO, ILLINOIS (March 17, 2009) -- The Plastics Hall of Fame’s class of 2009 covers a global spectrum of leaders in materials, machinery, screws and packaging. The Hall of Fame will induct the
nine new members June 22 at NPE2009 in Chicago. Check out Plastics News’ full story about the inductees and their accomplishments.
Two more plastics equipment majors pass on NPE show
 Carteaux
German machinery makers expect 20% sales drop in ’09
FRANKFURT, GERMANY (February 24, 2009) -- The German Plastics and Rubber Machinery Association started to experience a decline in orders in mid-2008, but despite a sluggish few months, the year ended
with an all-time high, in line with earlier forecasts for the year. But lower order levels will have a marked effect in 2009, with the group predicting that the year will end with a 20 percent drop
in sales. The expected decline is based on currently available data.
PET film maker Polyplex adding China unit
BANGKOK, THAILAND (February 24, 2009) -- Polyplex (Thailand) Public Co. Ltd. is setting up a trading company in China. Polyplex Group, based in Noida, India, is the world’s fourth largest maker of
thin PET film. The company has film extrusion facilities in Thailand, India and Turkey.
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