Hoechst to cut jobs at polyester unit
CHARLOTTE, N.C.—Hoechst Celanese Corp. will cut almost 400 sales, research and administration jobs from its Trevira polyester unit in North and South Carolina by the end of this year.
Sites in Charlotte, Salisbury, Wilmington, and Shelby, N.C., and Spartansburg, S.C., will be affected, said spokeswoman Ellen Sweeney.
The cuts, announced to employees in a May 8 internal memo, will come through layoffs, attrition, retirement and transfers, she said. They are part of an ongoing process to eliminate 750 jobs — 5 percent of Hoechst AG's global work force in those areas—in the United States and Europe by year's end.
The Trevira unit reported polyester sales of $4 billion last year.
Hoechst's U.S. unit is in Somerville, N.J. Hoechst AG is in Frankfurt.
Asahi/America enters flow meter business
MALDEN, MASS. — Asahi/America Inc., a Malden maker of extruded thermoplastic valves, piping systems and components, acquired the plastic flow meter division of privately owned Universal Flow Monitors Inc. of Hazel Park, Mich.
The $3 million purchase includes Universal's vortex flow meter line.
The meters measure fluid flow through a pipeline where contamination is a concern, making them well-suited for semiconductor and pharmaceutical markets.
Asahi, with sales of just under $40 million last year, bought Universal to boost its share of semiconductor and pharmaceutical markets.
Newcomer GVR opens compounding plant
HOUSTON — GVR Complast Ltd. Co., a new company, opened a 30,000 square-foot compounding facility in May, in Houston.
The plant and machines cost $4.5 million and will start up June 1. The firm's five extruders each can handle 25 million pounds per year.
GVR employs nine and expects to have 15 workers by year-end, said Veeru Reddy, chief executive officer. It has strand, underwater, and water-ring pelletizing capabilities.
Polymerland, Teknor form marketing pact
HUNTERSVILLE, N.C.—Thermoplastic resin distributor Polymerland Inc. has joined with Teknor Apex Co. to distribute that firm's flexible PVC compounds in North America and Puerto Rico.
Teknor Apex of Pawtucket, R.I., produces PVC compounds used in wire and cable, footwear, appliances and other products.
Polymerland of Huntersville will distribute a select line of Teknor's flexible vinyl compounds in natural, clear and black for injection molding and extrusion.
Separately, Polymerland said it has formed a business unit dedicated to custom compounding, to serve customers requiring special colors or unique characteristics.
Polymerland is a subsidiary of General Electric Co. in Fairfield, Conn.