Extruder breaks ground on Mo. plant
ST. PETERS, MO. — Rustique Enterprises Inc., an extruder of vinyl building products for manufactured housing, broke ground in early December for an 82,000-square-foot plant on 10 acres in St. Charles, Mo.
The company expects to move into the facility from its nearby St. Peters headquarters by midyear, according to the company's vinyl manager, William Mumaw. He said Rustique will sell the 43,800-square-foot building in St. Peters.
``We've got a pretty good growth pattern right now,'' Mumaw said in a Jan. 16 telephone interview.
Construction of the plant has been hindered somewhat by bad weather, Mumaw said. He declined to disclose any financial details related to the project or company sales.
Rustique operates two lines and employs 40, according to Mumaw, who indicated that the company may add lines this year.
AlliedSignal attempts resin price hikes
MORRISTOWN, N.J.—Tight capacity and reinvestment needs have led AlliedSignal Inc. to announce price increases for its nylon 6, recycled nylon and recycled PET resins.
Beginning Feb. 16, the company's Capron nylon resins will see an average increase of 8 percent, while its Petra recycled PET and Nypel recycled nylon are due to rise by an average of 6 percent, officials said.
The increase attempt is the Morristown company's first since late 1996. A 1997 price increase led by industry leader DuPont Co. was successful in raising nylon prices by an average of 5 cents per pound.
DuPont officials said recently the Wilmington, Del., company had no increase attempt planned, but would continue to work on pushing the earlier increase through to all buyers.
Demand has been strong in most nylon product areas early in 1998, with the automotive and packaging areas leading the way, according to Michael Bogar, AlliedSignal Americas sales and marketing director. As a result, the firm has been operating its nylon plants at full capacity, he said.
Robb adds fourth blow molding facility
NAPERVILLE, ILL.—Robb Container Corp. has added a fourth blow molding operation with the January opening of a 15,000-square-foot unit in Nebraska and is expanding its Peru, Ill., plant.
Robb spent $50,000 to take over an existing, undisclosed captive blow molding facility in Omaha, according to Sarah Pittman, the company's marketing coordinator.
``We are starting out by focusing on the production of our 128-ounce Hollow Handle Jug, but have plans to expand as demand grows,'' Pittman said by telephone Jan. 22.
The Omaha site still is organizing and hiring, she said. It currently is operating one Uniloy 350-R3, five-head machine.
Robb broke ground in October for a 50,000-square-foot addition to its 30,000-square-foot Peru facility, where it maintains 11 blow molding machines, according to Pittman. She said the initial stages of the expansion call for additional warehouse space.
The Naperville firm also operates a 150,000-square-foot facility in Nashua, N.H., and a 60,000-square-foot plant in Le Center, Minn. It employs about 250 and has annual sales of roughly $25 million, according to Pittman.
Raven sells interest in Falcon Plastics
SIOUX FALLS, S.D. — Raven Industries Inc. said Jan. 20 it sold its 50 percent equity interest in privately held Falcon Plastics Inc. in Brookings, S.D., for $3.8 million.
Raven is a diversified manufacturer headquartered in Sioux Falls. It produces heavy-duty sheeting, storage and sprayer tanks, high-altitude balloons and pickup truck toppers through its plastics division.
Falcon is a family-operated custom injection molder, said Jay Bender, operations manager and part-owner of the firm with his father. Falcon employs 250, primarily serves the medical and industrial markets and has annual sales of about $16.5 million, Bender said in a Jan. 22 telephone interview.
Falcon also operates plants in Madison, S.D., and Lexington, Tenn., and maintains 50 presses from 28-500 tons, said Bender.
Raven operates plants in eight states, employs 1,400 and reports annual sales of about $140 million, according to Securities and Exchange Commission documents. Sales for the firm's plastics division were $59.2 million for 1997.