Tuesday, 15-Sep-09

Medical plastics stay strong in Asia
SHANGHAI (September 15, 2009) -- The slow pace of growth in the medical technology market has, for many plastic manufacturers, kept the industry on a back burner for years. Now, as other markets contract, some companies are reconsidering the value of an industry that, despite its slow growth, offers reliable demand.

Tuesday, 08-Sep-09

Japan's Tanaka and Teijin make bioplastic eyeglasses
TOKYO (September 8, 2009) -- Teijin Ltd. said a Japanese eyeglass frame maker has become the first in the world to make a frame entirely from bioplastic, as part of Teijin's push to improve performance and broaden markets for the material.

Tuesday, 25-Aug-09

Milacron emerges from Chapter 11
BATAVIA, OHIO (August 25, 2009) -- Milacron Inc. has a new name, and a new president and CEO, as it emerges from Chapter 11 bankruptcy. Milacron LLC, a new company owned by a group of investors led by Avenue Capital Group and DDJ Capital Management LLC, completed its previously announced purchase of substantially all of the businesses and assets of Batavia-based Milacron Inc.

Engel touts growth in Mexico
QUERÉTARO, MEXICO (August 25, 2009) -- Engel North America President and CEO Stephan Braig said Aug. 19 that the technical center the injection molding machine manufacturing giant is building in central Mexico will be operational in the first half of next year.

Lego to invest in new injection presses and tooling
BILLUND, DENMARK (August 25, 2009) -- Even though the real construction industry is struggling, sales of miniature plastic bricks are clearly thriving as Lego is planning to boost molding capacity worldwide.

Haitian sales rebound in China, but exports still weak

Franz

HONG KONG (August 25, 2009) -- One of China’s biggest makers of injection molding machines, Haitian International Holdings Ltd., says its sales apparently hit bottom in the first half of 2009 and have since rebounded to levels seen before the financial crisis.

Tuesday, 18-Aug-09

Biodegradable dinnerware maker to announce U.S. sites
HOUSTON (August 18, 2009) -- A Texas entrepreneur has been touring multiple Midwest cities looking to locate multiple plants in the U.S. for a Chinese manufacturer of biodegradeable plastic dinnerware. The firm will announce its locations within 30 days.

US machinery major Milacron cuts 130 jobs
BATAVIA, OHIO (August 18, 2009) -- Milacron Inc. announced it plans to cut 130 positions across its North American businesses — about 10 percent of its workforce. Meanwhile, the Batavia-based plastics machinery maker company awaits a sale that will bring it out of Chapter 11 bankruptcy.

Singapore's Sunningdale reports cautious optimism
SINGAPORE (Aug 18, 2009) -- Sunningdale Tech Ltd said it faces a challenging business environment for the rest of this year though there are signs that the global economic crisis may be bottoming out. The Singapore-based injection molder and tooling supplier said it remains cautious for the rest of the year.

Tuesday, 04-Aug-09

Gurit acquires stake in Chinese firm
ZURICH (August 4, 2009) -- Swiss composite firm Gurit plans to strengthen its position in the wind turbine market after negotiating a deal to acquire a majority stake in an unnamed Chinese structural foam company in Qingdao, Shandong province. Gurit also owns a foam plant in Tianjin.

Nissei boosts capacity of new Taicang factory
TAICANG, JIASNGSU (August 4, 2009) -- The global economic downturn has pushed Japanese injection press maker Nissei Plastic Industrial Co. Ltd. to significantly boost capacity for its planned Chinese factory, its first manufacturing facility outside Japan.

Tuesday, 28-Jul-09

Patel wants to buy Milacron's India JV

Patel

AHMEDABAD, INDIA (July 28, 2009) -- Mahendra N. Patel, who partnered with Milacron Inc. in 1995 to create a plastics machinery joint venture in India, now wants to buy the operation. Patel said he held a meeting with officials from Avenue Capital Group, one of the investment firms that is buying Milacron out of Chapter 11 bankruptcy.

Tuesday, 21-Jul-09

Nissei adds nanomaterials to its stable
CHICAGO (July 21, 2009) -- Nanotechnology is one of the hottest areas of the plastics industry today. Injection press maker Nissei Plastic Industrial Co. Ltd. has taken it a step farther — by compounding its own carbon nanotubes.

Chen Hsong sees signs of improving business
HONG KONG (July 21, 2009 ) -- Hong Kong-based injection press maker Chen Hsong Holdings Ltd., which has seen its sales plummet 30 percent, is telling financial markets that future prospects look uncertain but that it sees signs that the worst of the economic crisis is behind it.

Tuesday, 14-Jul-09

Hayco places 14-machine order with Ferromatik
HONG KONG (July 14, 2009) -- German injection machinery maker Ferromatik Milacron announced this week it has received an order for 14 machines ranging up to 650 metric tons from Hayco Manufacturing Ltd. of Hong Kong. The first seven machines will be delivered to Hayco’s manufacturing plant in Shenzhen, Guangdong province, before the end of the year.

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