Plastics News - Breaking News

Friday, May 09, 2008

Breaking News

LyondellBasell to halt PP production at Ill. site
MORRIS, ILL. (May 9, 3:30 p.m. EDT) -- World polypropylene leader LyondellBasell Industries AF SCA will stop PP production at its plant in Morris later this year, ending 30 years of PP work at the site. The plant will continue to make polyethylene, but its four PP lines, with total annual capacity of 280 million pounds, will be decommissioned.

Virginia aiding Canon in $625M project
NEWPORT NEWS, VA. (May 9, 3 p.m. EDT) -- Canon Inc. is investing about $625 million to expand its Canon Virginia Inc. unit — creating 1,035 jobs, including positions in mold making and plastics processing. The project includes construction in Newport News of a 700,000-square-foot facility.

Nicholas Plastics bought by holding company
ALLEGAN, MICH. (May 9, 2:50 p.m. EDT) -- Huizenga Group has acquired profile extruder Nicholas Plastics Inc. Privately held Huizenga, a holding company in Grand Rapids, Mich., said it plans to keep Nicholas’ two plants open.

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Apex adding equipment, clean room
PITTSFIELD, MASS. (May 9, 1:30 p.m. EDT) -- Apex Resource Technologies Inc. is investing $1.5 million in new machinery and a 3,000-square-foot Class 100,000 clean room as it ramps up its medical molding capacity.

GDX equipment auction set for May 13-14
WABASH, IND. (May 9, 1:20 p.m. EDT) -- Nine extrusion lines and 42 vertical injection molding machines will be up for auction May 13-14 at the former GDX Automotive Inc. sealing plant in Wabash.

PVC, PET prices up, further hikes sought

AKRON, OHIO (May 9, 9:35 a.m. EDT) -- Sales of PVC and PET resins haven’t set the world on fire so far in 2008, but prices for those materials are going up anyway. Average per-pound selling prices for PVC in North America are up an average of 2 cents since March 1, and PET prices have taken a 5 cent climb since April 1.

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D-M-E providing $20,000 for scholarships
Silver Line laying off 60% of staff at Texas plant
Millennium to close if buyer can´t be found
Constar´s Houston plant scheduled to shut
Conn.’s Advance, Vision doubling capacity
Oak Engineered outsources its molding
Sony expanding LCD TV capacity in Slovakia
Schaffner shifting some work to Hungary

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Biesterfeld announces its best year ever
Plastics business contributes to strong gains in 2007.

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Automotive
• Nicholas Plastics bought by holding company • GDX equipment auction set for May 13-14 • Millennium to close if buyer can´t be found

Packaging
• PVC, PET prices up, further hikes sought • Constar´s Houston plant scheduled to shut • Bag maker Hilex reorganizes under Chapter 11

Machinery
• GDX equipment auction set for May 13-14 • Revcor VP Eschborn dies of cancer at 56 • Q1 machinery statistics open to interpretation

Materials
• LyondellBasell to halt PP production at Ill. site • PVC, PET prices up, further hikes sought • BASF plans compounding plant in India

Design
• Autodesk acquiring Moldflow for $297 million • Design savvy helps LG Electronics grow • Card makers look at eco costs, developments

Medical
• Apex adding equipment, clean room • Conn.’s Advance, Vision doubling capacity • SCGM expanding in Malaysia, Thailand

Construction
• PVC, PET prices up, further hikes sought • Silver Line laying off 60% of staff at Texas plant • Georgia Gulf still selling assets, cutting costs

Consumer products
• Virginia aiding Canon in $625M project • Nicholas Plastics bought by holding company • PVC, PET prices up, further hikes sought

Molds/tooling
• Virginia aiding Canon in $625M project • Apex adding equipment, clean room • D-M-E providing $20,000 for scholarships

Sustainability
• Group resets agenda for ‘reusable’ efforts • Would-be bag ban overwhelmingly rejected • Beijing going for ´green’ in Olympics planning

Injection molding
• Virginia aiding Canon in $625M project • Apex adding equipment, clean room • GDX equipment auction set for May 13-14

Blow molding
• Constar´s Houston plant scheduled to shut • Investors concerned about ´toxic´ plastics • Auto supplier JAC closing Ohio plant

Film/sheet making
• Bag maker Hilex reorganizes under Chapter 11 • SCGM expanding in Malaysia, Thailand • Early thermoformer Glenn Blackburn dies at 84

Thermoforming
• SCGM expanding in Malaysia, Thailand • Early thermoformer Glenn Blackburn dies at 84 • Hearing set on Radnor Holdings liquidation

Pipe/profile/tubing
• Nicholas Plastics bought by holding company • GDX equipment auction set for May 13-14 • PVC, PET prices up, further hikes sought

Rotomolding
• Rotational molders look to grow, improve • Exec urges rotomolders to back marketing • Partners launch rotational molder SmaK

Recycling
• Virginia aiding Canon in $625M project • Group resets agenda for ‘reusable’ efforts • Would-be bag ban overwhelmingly rejected

Public Policy
• Would-be bag ban overwhelmingly rejected • Beijing going for ´green’ in Olympics planning • Bombardier uncertain when assembly will start