LOUISVILLE, KY. - Persimmon Manufacturing LLC, a new structural foam injection molding firm, expects its initial $500,000 investment to yield sales of $4 million this year. The company began operations in January in Louisville after Plastic Parts of Shelbyville, Ky., stopped making structural foam products.
Plastic Parts, owned by Meyers Industries of Akron, Ohio, does proprietary molding for Meyers, such as materials handling and flower containers. When Meyers began phasing out the structural foam products, James Falk, former president of Plastic Parts, decided to start a company. Falk's father originally had sold Plastic Parts to Meyers.
Persimmon has 26 full-time employees and eight injection presses with clamping forces of 75-1,200 tons. It is a custom molder, although it tends to serve do-it-yourself hardware accessories, said Falk, Persimmon's president.
In the 35,500-square-foot plant, the firm makes power tool accessories, parts for candy displays and top steps for ladders from high-impact polystyrene and several kinds of polypropylene. Some of the customers include Vermont American Corp., Louisville Lad-der and Sears, Roebuck and Co.
Settlement reached in NIM vs. GE suit
CHICAGO - An agreement has been reached in a civil lawsuit filed against GE Plastics that had claimed the Pittsfield, Mass., firm breached a delivery contract.
Terms of the agreement, reached June 28, were undisclosed.
NIM Plastics Corp. of Wheeling, Ill., filed the suit Jan. 5, claiming GE Plastics failed to deliver 1.5 million pounds of Lexan 103-112. NIM sells extruded PC sheet of different gauges to converters, said Elizabeth Caprini, a lawyer at McConnell & Mendelson, the Chi-cago-based law firm representing NIM.
Since the January 1995 contract with GE, NIM has received 2.1 million pounds, Caprini said. However, the contract had a range with a written confirmation for more than 3.6 million pounds. NIM was asking U.S. District Court for the Northern District of Illinois to order GE to deliver the remaining Lexan and determine a price.
GE Plastics officials were unavailable for comment.
In 1994 and 1995, PC producers suffered a shortage as strong demand depleted already-low inventories.
GE Plastics also experienced a startup problem at its PC plant after its annual maintenance shutdown.
Profile extruder American Plastics Extruding Inc. of Colum-bus, Ohio, is moving Oct. 1 to another 35,000-square-foot Co-lumbus facility, with 11/2 acres on which to expand in the next year. The firm will add two lines and 10 employees, and is investing about $1 million. The company now has seven lines and 19 employees. It reported 1995 sales of $1.7 million.