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.

Vision Plastics buys $3 million in Toshiba presses
CHICAGO (July 14, 2009) -- Custom injection molder Vision Plastics Inc. of Wilsonville, Ore., plans to install at least 20 Toshiba electric presses as replacements for hydraulic machines in the next 30 months. Vision has equity in Hong Kong Precision Co. Ltd., which operates an injection molding facility in Shenzhen.

Thursday, 09-Jul-09

Singapore toolmaker JLJ Holdings plans IPO
SINGAPORE (July 9, 2009) -- JLJ Holdings Ltd plans to spend S$1.5 million (US$1.03 million or 7.04 million yuan) to buy equipment including injection molding machines for its plants in China and Malaysia. The Singapore-based toolmaker and injection molder is scheduled to launch an initial public offering on the Singapore Exchange on July 10.

Tuesday, 07-Jul-09

Despite recession, processors still like medical market
NEW YORK (July 7, 2009) -- Medical manufacturers still are projecting solid, and in some cases, double-digit growth, but they say device manufacturers and hospitals are being more cautious and delaying some projects. UPG International told Plastics News that the company is "getting close to where will have to again expand” the clean room capacities at its Tijuana, Fremont, and Suzhou plants.

Cancer claims UK gas injection pioneer
LLANGIAN, WALES (July 7, 2009) -- Gas molding pioneer Terry Pearson, former sales director of Cinpres Gas Injection Ltd., died June 12 from cancer at the age of 77 after more than 50 years in the plastics industry.

Bankruptcy court approves sale of Milacron

Lawrence

CINCINNATI (July 7, 2009) -- Bankruptcy Judge J. Vincent Aug Jr. has approved Milacron Inc’s sale to two investor groups that bought the debt of the maker of plastics machinery and industrial fluids — despite opposition from unsecured creditors and the company’s joint venture partner in India.

Bemis to acquire Alcan Packaging Food Americas
NEENAH, WIS. (July 7, 2009) -- North America’s largest film and sheet maker just got a whole lot bigger. Bemis Co. Inc., a packaging giant based in Neenah, Wis., announced July 6 that it will spend $1.2 billion to acquire the Food Americas business of Alcan Packaging from Rio Tinto plc. Bemis has a partnership venture in Guangzhou.

Tuesday, 30-Jun-09

China’s manufacturers mull ways to boost industry

Chan

HONG KONG (June 30, 2009) -- Stung by the collapse of their export markets, Chinese manufacturers should not look for that big volume business to return and instead ought to explore new areas such as manufacturing products targeted at niche markets, using better industrial design and looking inward at Chinese culture for inspiration. That, at least, was some of the advice coming from manufacturers and industrial designers -- like Eric Chan, a native of Guangdong province and now president of industrial design firm Ecco Design Inc. in New York -- at a Hong Kong forum on reinvigorating the sagging manufacturing industries in the Pearl River Delta.

Negri Bossi builds 7,000-ton injection press

CHICAGO, ILLINOIS (June 30, 2009) -- Italian injection press maker Negri Bossi SpA has built a giant injection press, with 7,000 metric tons of clamping force, for a customer in Japan. The press is Negri Bossi’s largest-ever injection molding machine.

Thursday, 25-Jun-09

India's Jyoti scouts for acquisitions, JV partners in U.S.

CHICAGO (June 25, 2009) -- Indian molder Jyoti Plastic Works Pvt. Ltd. has an NPE agenda a little broader than just making a sale: the firm is scouting for potential acquisitions or joint venture partners in the United States.

Wittmann Battenfeld eyes large press market, all-electrics

CHICAGO (June 25, 2009) -- Wittmann Battenfeld GmbH plans to reenter the large machine market and introduce its next generation all-electrics, as the company unveiled a series of new robots, equipment and manufacturing cells at NPE to take advantage of its year-old acquisition of Battenfeld’s press making operations.

Wednesday, 24-Jun-09

Husky reroutes spending into packaging, medical

CHICAGO (June 24, 2009) -- John Galt, top executive at Husky Injection Molding Systems Ltd., said a more-focused Husky is well-positioned to withstand a tough market for new-press sales. Husky is demonstrating at NPE2009 high-speed closure molding on a new HyCAP machine and its offerings in hot runners, production monitoring and preventative maintenance.

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