CHESAPEAKE, VA. - A Japanese subsidiary of Mitsubishi Chemical Corp. is building a $100 million facility in Chesapeake that will use nearly 10 million pounds of polypropylene a year to produce synthetic paper. Oji-Yuka Synthetic Paper Co. Ltd. of Tokyo has established Yupo Corp. in Chesapeake to build a plant that will compound and extrude PP into the three-layer sheets the company sells as synthetic papers. The company's products are used as waterproof replacements for standard papers in publishing and printed formats, labels, packaging for a variety of foods and products, bags and construction materials.
Plans call for construction of the facility to begin in midyear, and for production to begin by the middle of 1998, according to Don Goldberg, economic development director for the city. Goldberg was interviewed by telephone Jan. 30.
The plant eventually will produce about 20 million pounds of synthetic paper a year. The company now imports about 10 million pounds of synthetic paper to the United States each year. Initially, the plant will have 100 employees, but the company said it has long-term plans that would quadruple the Virginia facility's size as the market requires.
Alcatel to clise Toronto cable plant
TORONTO-Alcatel Canada Wire Inc. will move extrusion and other equipment to other facilities when it closes its Toronto electrical power cable production plant by May 31.
Alcatel said its plants at Fergus, Ontario; Quebec City, Quebec; and Weyburn, Saskatchewan, will pick up Toronto's pro-duction and create about 100 jobs. The Toronto closure and related restructuring will cut about 290 jobs held by Canadian Auto Workers members and 105 salaried, sales and administration positions.
The Toronto-based company was formed in 1991 when Alcatel Cable SA of Paris bought the Canada Wire and Cable division of Noranda Inc. of Toronto.
FormPac grows with equipment, space
SANDUSKY, OHIO - Custom thermoformer FormPac Corp. recently added a 14th thermoforming machine and soon will break ground on an addition to accommodate projected growth.
The Sandusky firm's new Sencorp 2500 thermoformer can make a range of FormPac's thin-gauge products such as trays, foldovers, blisters and displays, said David Behringer, sales and marketing manager. He did not disclose the cost of the machine or a 40,000-square-foot expansion at its 50,000-square-foot plant.
Products made from recycled PET sheet will help boost sales, which were under $10 million last year, he said. The firm developed a recycled PET handling tray for one of its largest customers and sees potential for the material to replace PVC in export markets where recycled PET is preferred for environmental reasons. FormPac sources recycled PET sheet from Trio Products Inc. of Elyria, Ohio. Behringer said he expects FormPac to process about a million pounds of the sheet this year in a development program for which it received a $35,000 matching grant from the state of Ohio.
Geon enters PVC venture in Singapore
AVON LAKE, OHIO - PVC producer Geon Co. is launching a joint venture in Singapore with Singapore Polymer Corp. to make specialty PVC compounds for markets in the Far East.
Geon and Singapore Polymer Corp. established SPC/Geon, in which each company will hold a 50 percent stake.
SPC/Geon primarily will produce injection molding compounds used to make business equipment, appliances, pipe fittings and other products.
Geon of Avon Lake, Ohio, will provide technology and neat PVC resins made in the United States, while Singapore Polymer, a well-known compounder of PVC, polyolefin and styrenic resins, will supply marketing, production and distribution skills, according to David Quester, director of global business development for Geon. Quester spoke Jan. 31 by telephone from his office in Avon Lake.
The compounding line will be located in Singapore Polymer's existing plant, Quester said.
Quester would not discuss the investment in the compounding line nor specifics about production capacities. However, he said the joint venture initially will have one compounding line, but could be expanded significantly, as markets are developed.