Courtesy opening Illinois molding plant
BUFFALO GROVE, ILL.—Courtesy Corp. plans to open its new medical molding facility June 15 in Buffalo Grove.
Courtesy President Jerry Sommers said his firm has ordered 27 Krauss-Maffei presses for the Med/Tek division's new plant, which eventually will house 60 presses. The previously announced expansion will cost about $26 million, including the 325,000-square-foot building Courtesy built next to its head office.
Med/Tek's new presses, with clamping forces of 55-330 tons, will mold a variety of disposable and diagnostic medical parts, Sommers said by telephone. Courtesy also will relocate its technical center to the new facility.
Several other expansions are under way, and Sommers said his firm will provide details later. Courtesy is advertising for at least 300 skilled employees at Buffalo Grove and for a South Carolina facility, which is due to open in November. Med/Tek eventually will employ about 400, boosting staff to about 1,700.
A news release said Courtesy's latest order of 27 presses will boost the count to 167, all with closed-loop controls. Sommers said the presses should be installed by mid-July.
The Med/Tek operation includes clean room molding and assembly, surface modification and coating capabilities. Courtesy logged sales of $152 million for the year ended Sept. 30, up about 38 percent from the previous year .
Thermal Care gains European factory
NILES, ILL.—U.S. cooling equipment maker Thermal Care has purchased a Danish company, Boe-Therm, giving Thermal Care its first manufacturing in Europe.
Thermal Care, a division of MFRI Inc., announced the acquisition June 5. Both Thermal Care and MFRI are based in Niles.
Thermal Care has acquired Boe-Therm's 35-employee factory in Assens, Denmark. Thermal Care makes processing cooling systems, including chillers, cooling towers and temperature controllers for the plastics industry. The company has marketed Boe-Therm's line of hot-oil and negative-pressure temperature control units in the United States for the past six years.
Terms were not disclosed.
Thermal Care President Don Gruenberg said his firm already sells products in Europe. The acquisition will help the auxiliary equipment maker serve those customers better, he said.
Gruenberg said Thermal Care employs 115.
According to MFRI's latest annual report, Thermal Care had 1997 sales of $24.9 million, a 24.1 percent increase on 1996 sales of $20 million. Higher sales across all product lines, especially tanks and central chilling systems, pushed sales up, said the firm. MFRI also makes industrial air-filtration products and specialty piping systems.
Rowland adds film extrusion capacity
WALLINGFORD, CONN. — Rowland Technologies Inc. plans to move to a larger facility in Wallingford to accommodate more film extrusion capacity.
The private firm is building a 48-inch-wide polycarbonate film extrusion line and will install it in the new facility by August. Carl Heflin, the firm's sales manager, said the new plant is twice as large as Rowland's current one. Rowland will complete its move by the end of summer, he said in a telephone interview.
Rowland's origins go back about 30 years, when it was one of the first companies to extrude polycarbonate film. Heflin said the company went through several transformations that got it out of PC film, but it re-entered the field about six years ago. It also extrudes impact-modified acrylic sheet and polysulfone-type films. Major markets include electronics, automotive and graphic arts. Heflin did not disclose the company's annual sales or production capacity.
Bayer announces TDI/MDI price increases
PITTSBURGH— Bayer Corp. on June 5 announced a price increase on toluene diisocyanate and related polyol products for polyurethanes.
The Pittsburgh firm's Polymers Division said it will boost its TDI prices by 8 cents per pound and its Desmophen and Multranol polyols by 6 cents per pound effective July 1. The TDI increase comes a week after Bayer announced a 6 cent-per-pound hike on its Mondur methylene diphenyl diisocyanate products.
Bayer said increased global demand is outstripping the supply of most common polyurethane precursors.
In PU processing, an isocyanate like MDI or TDI is combined with a polyol to create an end product.