Clorex closing First Brands' Conn. HQ
DANBURY, CONN. — On the heels of a buyout by Clorox Co., First Brands Corp.'s headquarters in Danbury will close by the end of the year and 255 employees will be out of work.
Clorox bought First Brands Jan. 29 for $2 billion. First Brands makes Glad-brand plastic wrap and trash bags as well as automotive and pet products.
Many of the positions at First Brands' headquarters duplicate those at Clorox's Oakland, Calif., office. A small percentage of employees will be offered positions at other locations around the country, Clorox spokesman Gil Roeder said.
First Brands reported 1998 sales of $1.2 billion. About 69 percent of sales came from its plastic bags and wraps.
Roeder doesn't expect the Connecticut layoffs to affect the company's plastic bags division.
Though Clorox has hopes of saving $90 million in production costs this year by combining the two companies, Roeder said Clorox has no plans to close any of First Brands' plastics plants.
Cytec exits thermoset molding compound
ROGERS, CONN. — Cytec Industries Inc. has left the thermoset molding compound business.
In separate deals, Rogers Corp. acquired certain assets in Winona, Minn., and Delano, Pa., for an undisclosed amount in January, and Bulk Molding Compounds Inc. purchased a Perrysburg, Ohio, plant for $17 million in November.
Rogers' molding materials division in Manchester, Conn., is expanding its range of engineered molding compounds with the acquisition, Dirk Baars, division vice president and general manager, said in a statement. Rogers considers itself a world leader in the niche market and is expected to extend those materials' penetration of the automotive and other markets.
A Rogers' spokesperson declined to elaborate on what is being acquired or terms of the transaction. Publicly traded Rogers Corp. of Rogers reported profit of nearly $13.8 million on sales of $216.6 million for the 53 weeks ended Jan. 3.
West Paterson, N.J.-based Cytec began efforts to sell the phenolic and epoxy molding compound operations last spring and publicly announced its intentions in August. A vertically integrated specialty chemicals company, Cytec had profit of $119.2 million on 1997 sales of $1.29 billion.
Wage hike ends strike at Mexican firm
CUIDAD SAHAGÃN, MEXICO — A strike at Mexican truck and bus manufacturer Consorcio G Grupo Dina SA de CV was lifted after three days when the union representing the 2,000 workers accepted an 18 percent wage increase, the company announced Feb. 10.
One of the three Cuidad Sahag£n plants involved was Plastic¢s Automotrices SA de CV, which molds plastic parts for the truck and bus interiors.
In addition to the wage increase, 35 temporary workers represented by the Sindicato de Trabajadores Independientes de la Industria Automotriz, Similares y Conexos will become permanent workers.
The plastic unit, known as Patsa, has about 50 employees working year-round, plus 50-70 more when there is additional work, said Gamaliel Garcia, general director for Dina.
Dina is nearing completion of a $1.5 million expansion at its Dina Composites SA de CV unit, which makes fiberglass parts including hoods and truck parts.
BP Amoco lays off workers at Ga. unit
ALPHARETTA, GA. — BP Amoco plc's consolidation plan has led to layoffs at a business unit that manufactures carbon fiber in Greenville and Rock Hill, S.C.
The Alpharetta-based operation ``had a reduction of headcount as a result of where BP wanted to improve profitability,'' business manager D.J. DeLong said in a telephone interview. DeLong declined to reveal the number involved.
British Petroleum Co. plc acquired Amoco Corp. Dec. 31 in a $55 billion deal. The new corporation has announced plans to cut about 6,000 jobs including 1,500 in the Chicago area, 1,600 in Texas, 1,000 in the Cleveland area, 600 in Alaska and 275 in Canada.
Platics Hall of Fame seeks nominations
BERKLEY, MICH. — April 1 is the deadline for posthumous nominations to the Plastics Hall of Fame, the Plastics Academy reports.
``We welcome nominations from any interested party,'' said John Kretzschmar, president of the academy.
After a screening process, a committee of Plastics Hall of Famers will pick five deceased individuals for induction at a fall ceremony.
The Plastics Hall of Fame is housed at the National Plastics Center and Museum in Leominster, Mass.
Anyone may join the Plastics Academy, which runs the Hall of Fame. Annual membership costs $75.
For nomination forms or membership information, contact The Plastics Academy, 2060 Coolidge Highway, Berkley, Mich. 48072. Tel. (248) 548-2202, fax (248) 548-3420.