OLD SAYBROOK, CONN.-Film extruder Fortune Plastics Inc. has expanded its headquarters plant in Old Saybrook by 18,000 square feet, to a total of 88,000 square feet, to meet growing demand. The addition will allow for increased production and warehousing.
No new film production lines currently are included in the expansion, but the company may add machines this year, said Edward Gillespie, vice president of sales and marketing. He declined to say how much Fortune Plastics has spent on the expansion.
Furon Co. of Laguna Niguel, Calif., said it expects to begin trading on the New York Stock Exchange in early March. The company, which makes plastic parts for industrial processing and equipment, transportation, electronics and health-care markets, currently trades on Nasdaq under the symbol FCBN. There are about 9,036,000 shares outstanding. Furon's proposed NYSE symbol is FCY.
Insituform Technologies Inc. of Memphis, Tenn., announced a licensing agreement between its wholly owned subsidiary Insituform Japan KK and Arai Gumi Ltd., a civil engineering and construction company in Nishinomiya, Japan, with sales of more than $1 billion. Arai Gumi will be Insituform's 12th licensee in Japan. Insituform technology reconstructs deteriorated pipelines using a nondisruptive, trenchless process.
Berry Plastics Corp. received ISO 9001 certification for its primary manufacturing plant, in Evansville, Ind., which produced about $80 million of injection molded packaging products in 1994 and employs about 550. ... Custom injection molder Port Erie Plastics Inc. of Harborcreek, Pa., said four members of its quality control department have been accredited as certified quality technicians by the American Society for Quality Control. ... UFE Inc. of Stillwater, Minn., received TRW/Transportation Electronics Division's new annual quality award for having no rejects in the parts it supplies.