Tuesday, 25-Aug-09

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.

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

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.

Univation building catalyst plant in China
ZHANGJIAGANG (August 18, 2009) -- Univation Technologies LLC is building a new polyethylene catalyst manufacturing facility in China with a scheduled 2011 start-up. The factory, with expansion capability, is located in Zhangjiagang, Jiangsu province.

Tuesday, 11-Aug-09

German machinery exec doesn't expect sharp upswing

KĂĽhmann

CHICAGO (August 11, 2009) -- German-made plastics machinery was booming in 2007 and stayed strong up until the fourth quarter of 2008. But German engineering federation VDMA expects German plastics machinery to drop about 40 percent for all of 2009, from 2008 levels, measured in euro value.

Ashley's new factory to use Chinese-made machines
TIANJIN (August 11, 2009) -- Indiana-based Ashley Industrial Molding Inc. is investing about $15 million to open its second plant, a factory in Iowa that will run three mammoth 4,000-ton machines to compression mold sheet molding compound. The machines were made by Tianjin Tianduan Press Co. Ltd.

Tuesday, 04-Aug-09

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.

Chinese firms see uptick in business
GUANGZHOU (July 28, 2009) -- While manufacturers around the world search for signs of economic recovery, China’s domestic plastics industry appears to be picking up steam, spurred on by the government’s large infrastructure stimulus spending. Several leading plastics firms say their domestic business is returning to levels before the crisis.

Sipa to launch its first integrated bottling line
VITTORIO VENETO, ITALY (July 28, 2009) -- Sipa will launch the Sincro Triblco bottler, which integrates bottle production, labelling, filling and sealing, at the Drinktec trade show later this year in Germany. Sipa claims that the new bottler offers advantages over other machines on the market, as it can be set to handle different bottle sizes without the need to change any mechanical element.

Tuesday, 21-Jul-09

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.

Chinese exhibitors give mixed feedback on NPE
CHICAGO (July 14, 2009) -- With the weak economy and attendee registrations for June’s NPE show dropping close to 30 percent, deciding whether to exhibit this year proved to be a tough choice. It was clear in interviews with Chinese and other Asian exhibitors there that this year’s show was decidedly mixed for them, with some reporting disappointing results and others saying sales leads were solid.

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.

Tuesday, 07-Jul-09

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.

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