FREEPORT, N.Y. - La Mar Plastics Packaging Ltd. will expand its thermoformed component assembly space by spring when it completes refurbishing an adjacent 10,000-square-foot building. The private firm decorates, hot stamps and assembles parts that it manufactures on 14 thermoforming lines, primarily for a range of packaging and point-of-purchase customers, said Larry Arenson, company president.
The 60-employee company had sales of $8.9 million last year, Arenson said.
La Mar, marking its 30th anniversary as a thermoformer this month, moved to Freeport from New York in late 1992 because of lower electric power rates and taxes.
The company updated 42,000 square feet of an old copper and brass complex for its operation. Now, it needs the extra building for growth.
The family-owned firm mainly thermoforms purchased high-impact polystyrene, vinyl and glycol-modified PET rollstock, Arenson said. La Mar makes its own tooling.
Arenson said his father started the company in 1939. It evolved from a sewing and vinyl heat-sealing business into a thermoformed products business in 1966 when he took the helm.
CPT starts molding larger components
COLUMBUS, OHIO - A small Columbus custom molder has expanded into larger parts.
CPTechnologies Inc. has added 250-ton and 375-ton Cincinnati Milacron presses, giving it the capacity to make larger electrical/electronic components, said owner and President Charles Amata. Previously the company's largest-tonnage machine was 150 tons.
CPT makes mostly high-precision engineered products for original equipment manufacturers, as well as some smaller companies nationwide, he said. It also serves the telecommunications industry.
``We have a very strong materials background,'' working with a broad range of engineering-grade resins, such as polycarbonates, polysulfones, fiber-filled nylons, ABS and liquid crystal polymers, Amata said. He would not disclose sales.
CPT spent more than $300,000 for five Milacron presses - four are replacements for older machines - and new printing and electrostatic discharge coating equipment, he said. Of the Milacrons, two are new and three are refurbished late-model presses. The purchase gives CPT a total of 16 injection molding machines, with clamping forces of 30-375 tons. The company employs 12 at its 23,000-square-foot Columbus plant, where it also does mold making and some assembly. Amata, majority owner, acquired 30-year-old CPT three years ago.
Nortel plans to sell unit to Cable Design
MONTREAL - Northern Telecom Ltd. expects to sell its communications cable and structured network wiring business to Cable Design Technologies Corp. by Jan. 31, according to a Nortel spokeswoman.
Included in the US$90 million deal are Nortel plants in Montreal and in Kingston, Ontario, that extrude plastic jacketing and insulation for the wire and cable, Diane Chenevert said from Nortel's Montreal office. The operations will be the first in Canada for CDT, which is based in Pittsburgh.
CDT expects annual sales of US$190 million from the acquired Nortel businesses. It said in a joint news release that it will continue to operate the Montreal and Kingston facilities. Sales and operations personnel in North America and overseas are part of the deal.
CDT's current manufacturing plants are in the United States, United Kingdom and Sweden. It makes data transmission cables for computers, sound and safety applications.
Nortel and CDT both trade on Nasdaq.
SPI division works on drum statistics
WASHINGTON - The Society of the Plastics Industry Inc.'s Plastic Drum Institute in Washington is working to expand its statistical program, with a quarterly survey of drum shipments.
An initial survey will measure full-year 1995 numbers, and quarterly numbers should begin with the first quarter of 1996. Shipments will be measured by size, style and market.
Every plastic drum manufacturer should have current, reliable data about shipments, said John Malloy, Plastic Drum Institute director.
``Our competitors can back up claims about their industry's success with hard numbers. The plastic drum industry must be able to do the same,'' he said.
SPI's Statistics Department is asking drum manufacturers about what information should be included. SPI is hoping to get at least seven of the top plastic drum manufacturers, representing nearly 80 percent of industry, to participate.
Later, the institute may collect data on reconditioned and recycled plastic drums.