Fiberite develops material for Boeing
TEMPE, ARIZ. — Fiberite Inc., in the midst of an ownership change, has begun qualifying a material system for Seattle-based Boeing Co.'s use on the secondary structure of most recently designed commercial airplanes.
Fiberite's 970 pre-impregnated carbon-fiber composite material system would compete with Hexcel Corp.'s epoxy carbon-fiber-reinforced material used to make flight control surfaces and fairings.
Paul Schmitz, general manager of Fiberite's Greenville, Texas, division, said the new product is easier to use and eliminates interlaminar porosity.
Fiberite, headquartered in Tempe, began developing the material in 1992.
Stamford, Conn.-based Hexcel said it had agreed to acquire selected Fiberite assets and businesses, including the Greenville operation, from a partnership of DLJ Merchant Banking Inc. of New York and Carlisle Enterprises LP of La Jolla, Calif.
The deal is expected to close by Sept. 30.
Paramount to acquire Jade prototyping unit
LANGHORNE, PA. — Paramount Industries of Langhorne entered an agreement to acquire Jade Corp.'s rapid prototyping operations.
As part of the agreement, Jade moved from Huntington Valley, Pa., to Paramount's Rapid Technologies Center in Langhorne.
Terms were not disclosed.
Paramount has annual sales of about $5 million.
Jade produces custom automated machines, systems and tooling, and performs precision machining and stamping. It makes cable harnesses and does contract manufacturing of electromechanical assemblies. Paramount works with rapid prototyping in product development.
Formosa names ITC N. American agent
LIVINGSTON, N.J. — In an attempt to boost its flexible PVC sales, Formosa Plastics Corp. USA has signed International Trading Corp. of Berwyn, Pa., as its North American sales agent for those materials.
Livingston-based Formosa will look to ITC to develop new accounts and revive inactive accounts, according to Tom Stevning, Formosa's PVC business director.
Flexible PVC currently accounts for less than 10 percent of Formosa's overall annual North American PVC production of 2.1 billion pounds, but the company has room to expand flexible PVC production at its Baton Rouge, La., facility, according to Stevning.
ITC has almost 40 years of experience in PVC marketing, a company spokesman said. Most recently, the company completed a nine-year import agreement with Trikem, a PVC maker based in SÃŒo Paulo, Brazil.
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Boston Matthew's American Injection Machinery Inc. of Springboro, Ohio, has selected Machine Technologies Inc. of Chadds Ford, Pa., to represent it as distributor of small injection molding machinery in the mid-Atlantic states.
Gunther Hot Runner Systems Inc. relocated its U.S. offices and technical services center from Park Ridge, Ill., to Buffalo Grove, Ill. The new location allows Gunther to triple its size. The company makes hot-runner nozzles and other components.
Sun Chemical Corp.'s Colors Group of Cincinnati purchased the fluorescent pigment manufacturing business of Lawter International Inc. of Northbrook, Ill. Sun Chemical acquired Lawter's technology and a 49,500-square-foot plant in Skokie, Ill. The plant employs 20. The fluorescent pigments are sold under the trade name SunBrite. Sun Chemical, based in Fort Lee, N.J., makes printing inks and organic pigments. The company has annual sales of more than $2.5 billion and employs 11,500 worldwide. It is a subsidiary of Dainippon Ink & Chemicals of Tokyo.
Millennium Petrochemicals Inc. of Cincinnati entered into an agreement with MSI Technology of Arlington Heights, Ill., to sell Millennium's tie-layer resins for coextrusion barrier packaging and other adhesive applications. The resins are commonly used in coextrusion to bond together materials of dissimilar chemical composition. Under the agreement, MSI also will serve as a technical, marketing and applications resource for Millennium in the area of coextrusion barrier packaging.