VICKSBURG, MISS. - Raychem Corp. will close its Vicksburg heat-shrinkable extruded tubing and compression molded parts plant within a year and move production to other, unnamed facilities. The Menlo Park, Calif., firm said April 23 the closure is part of a global capacity consolidation. Spokesman Scott Wylie said Vicksburg accounts for less than 10 percent of Raychem's output of the products. Vicksburg has two extrusion lines, three compression presses and 43 employees.
Key Plastics acquires Clear-Plas Ltd.
NOVI, MICH. - Key Plastics Inc. has acquired the business and assets of automotive molder Clear-Plas Ltd. of Coventry, England, for undisclosed terms.
Clear-Plas was owned by Suter Industrial Ltd., also of the United Kingdom. The deal was announced April 29.
Key has joint-venture manufacturing agreements in England and Portugal, but the Clear-Plas deal gives it full control over a manufacturing site in the European automotive market. The deal also expands Key's customer base with the addition of Rover/BMW and widens the company's product line to include wheel trim and some under-hood components.
Clear-Plas had sales of about $35 million last year and employs 450. Novi-based Key had sales of $185 million last year and was 17th on Plastics News' annual ranking of North America's injection molders.
Victrex plans to cut PEEK resin prices
WEST CHESTER, PA. - Victrex USA Inc. announced May 1 it will decrease prices for four grades of its polyetheretherketone resins by $1 per pound, effective immediately.
The West Chester supplier said prices for its PEEK resins would drop to $37 per pound for 55-pound orders; $35 per pound for 550-pound orders and $33 per pound for orders in quantities more than 1,100 pounds.
The decreases include two, 20 percent carbon-fiber-filled grades, a high-molecular-weight, general-purpose grade for injection molding and a high-flow grade the firm said is suitable for thin-wall and standard injection molding applications.
Key Packaging names Davies president
SALEM, N.H. - Key Packaging Industries Corp. has named Dorrance M. Davies company president, succeeding President and Chief Executive Officer John Bell, who is retiring.
Bell will remain chief executive officer until the end of the Salem firm's fiscal year, June 30. At that time, Davies will assume that title as well. Bell will remain on the board of directors.
Before joining KPI, Davies was a vice president with Mobil Chemical Co. with responsibilities for plastic bag and packaging operations. Key Packaging makes sacks and merchandise bags. It produces 30 million pounds per year and employs 150.
Pure Tech Intl. renamed PureTech Corp.
RIDGEFIELD, N.J. - Pure Tech International Inc. has been renamed PureTec Corp.
The Ridgefield company is a combination of two established public companies, the old Pure Tech International and Ozite Corp. As well, operations of a third company, Occidental Chemical Corp. now known as Burlington Resins, are part of PureTec Corp.
PureTec makes specialty plastic products and materials. The company employs 2,200 and operates 25 plants worldwide.
A world to willy World Wide Web watchers
AKRON, OHIO - A word of advice to those of you who plan to access our new Internet site, Plastics News On the Web, launched April 29.
The site has been designed to be viewed via Netscape Navigator, Micro-soft Internet Explorer or compatible browsers. Those using other, older browser software may experience difficulty viewing some parts of our site.
For your convenience, we have placed a Netscape hot button on our home page that allows you to download that software from there. We plan soon to add a button for downloading MS Explorer.