SUFFOLK, VA. - Virginia Design Packaging Corp. is adding 42,000 square feet to its 60,000-square-foot Suffolk plant. The company makes plastic containers, lids and loose-fill packing material. The expansion will give the company more warehouse space and allow it to relocate its printing operations to make room for the future addition of four to six injection molding presses. In 1994, the company added two new Husky injection presses, bringing to 12 the number it operates. It declined to reveal the amount of its current or previous capital investments.
Carol D. Rowell, assistant to the president of the company, said the addition should be completed by April 1. Two printing machines have been added, one a state-of-the-art, eight-color, sidewall printer with 500-cup-per-minute capacity. The firm has eight printing machines.
Virginia Design provides containers to the industrial products and food-packing industries, as well as ice buckets and slot cups for major casinos, Rowell said.
The company employs 160 at its 24-hour-per-day, seven-day-a-week operation, and plans to hire more people after the expansion is complete.
Rowell would not comment on annual sales, but said a recently published, five-year plan calls for sales volume to grow to $25 million.
Stockholders to vote on IPL share revamp
ST. DAMIEN, QUEBEC - Custom injection molder IPL Inc. plans to restructure its shares to allow it to raise funds without diluting voting control of its major shareholders.
The St. Damien company plans to redesignate its common shares carrying one vote each to multiple voting shares with 10 votes each. It also intends to create a new class of subordinate voting shares, each having one vote.
The Metivier family has been the controlling shareholder of IPL since 1939. Last June the family and other investors bought IPL shares held by Otto Group of Kreuztal, Germany, in a deal that gave the Metiviers 63 percent of IPL's 6.1 million outstanding shares.
Shareholders will vote on the share restructuring plan at IPL's annual meeting Feb. 17.
Dolco Packaging Corp. has moved to a new office: 12001 Ventura Place, Suite 550, P.O. Box 7400, Studio City, Calif. 91614-7400; tel. (818) 752-0131; fax (818) 752-2423.
Siemens-Rolm, part of the Private Communications Group of Siemens AG, named Moll PlastiCrafters' Textek Plastics division in San Antonio Supplier of the Year.