Hi-Tech Mold & Tool invests in eqiupment
PITTSFIELD, MASS. — Custom injection molder Hi-Tech Mold & Tool Inc. has spent more than $1.1 million on new equipment since opening its new building in November.
The bulk of the spending, according to Carl Olson, manager of sales and marketing, is for equipment for its 5,000-square-foot, Class 100,000 clean room. The company is installing three Nissei ES all-electric injection molding machines — one 200-ton and two 400-ton presses.
The purchases bring Hi-Tech's clean room total to six machines, ranging in size from 40-500 tons. The company also is adding three robots, three conveyors and 12 mold-temperature controllers.
Olson said the new facility is part of the reason why sales are up 20 percent over last year. The 54,000-square-foot building cost $2.8 million and employs 80.
Olson said the firm's new, 6,000-square-foot toolroom is three times the size of the company's old one. Hi-Tech bought $300,000 of new toolmaking equipment in late February.
Hi-Tech's primary end markets are medical and industrial.
Robroy to purchase PVC coatings firm
VERONA, PA., — Robroy Industries Inc. of Verona on June 15 agreed to acquire the assets of Perma-Cote Industries Inc. of Uniontown, Pa. The companies plan to seal the deal in July.
Perma-Cote's fluidized-bed process uses PVC powders to coat conduit, fittings and accessories. The coatings protect electrical wiring in harsh or corrosive environments.
Robroy intends to relocate about 40 percent of the equipment at the Perma-Cote plant in Mount Braddock, Pa., to a Robroy manufacturing facility in Gilmer, Texas, said David Marshall, president of Robroy's electrical products division. The move will involve pieces of process lines rather than entire lines, Marshall said in a telephone interview.
Robroy plans to maintain Perma-Cote's sales, distribution and customer service functions, but not manufacturing.
The Mount Braddock plant employs about 135. Perma-Cote has 21 warehouse locations in North America, is registered under ISO 9002 and has operated since 1968.
The 150,000-square-foot Gilmer plant employs 116 and uses dip and injection molding in addition to the fluidized-bed process.
Robroy makes electrical construction products, oil field specialty products and components for computer storage devices.
Roofing maker Tamko joins decking ranks
JOPLIN, MO. — Tamko Roofing Products Inc. is the latest company to enter the world of composite fencing and decking, through its acquisition of Dura-Board Inc.
The June 4 deal will give Tamko a 52,000-square-foot manufacturing facility in Lamar, Mo.
Joplin-based Tamko manufactures roofing, waterproofing products, cement and casings at a dozen plants around the country. The company saw a growing market in fencing and decking made of recycled plastic and waste wood fibers, and decided to expand its product line, said Tim Whelan, Tamko vice president of legal affairs and administration.
``It's such a new industry. It just looks like there is such opportunity,'' said Tim Luttrell, vice president of Tamko Composite Products Inc., a Tamko subsidiary created specifically for the transaction and to handle the new product.
The Lamar plant currently has four compression molding machines, but Tamko already has purchased another line and will add one more by the end of the year. The firm has additional plans to expand the plant's capacity next year, Luttrell said.
Tamko will continue to market the decking and fencing line under the Tek-Dek brand name.
ATP still up for sale as talks fall through
ROSWELL, GA. — Negotiations between Advanced Technical Products Inc. of Roswell and an undisclosed suitor have fallen through, but ATP continues to look for an ownership change.
The firms had reached an initial agreement in late April.
ATP, whose shares are traded publicly on the Nasdaq exchange, is pursuing ``indications of interest from several other third parties,'' the company said in a June 15 statement.
``ATP's board of directors has instructed its management to explore these potential opportunities,'' the statement said.
Units of ATP design, develop and manufacture advanced composite products, mostly for aircraft and aerospace applications.
Mould Maker Ltd. wins Canadian honor
MISSISSAUGA, ONTARIO — The Canadian Plastics Industry Association gave its 1999 Leader of the Year Award to Werner Scheliga, a founder of mold builder Unique Mould Makers Ltd. of Toronto.
Roger Keeley, general manager of flexible packaging firm Atlantic Packaging Products Ltd. of Toronto, received CPIA's 1999 Canplast Award.
Ron Maraghi, a pioneer in polycarbonate applications, received the association's Lifetime Achievement Award.
CPIA of Mississauga announced the awards at a May 27 gala that raised C$50,000 (US$34,300) for the Canadian Prostate Cancer Research Foundation.
AERT gets go-ahead for plant expansion
SPRINGFIELD, ARK. — Advanced Environmental Recycling Technologies Inc. finally has won approval to expand its Springfield facility.
The company's plans were stalled in April when City Council denied its rezoning request. AERT appealed and won final approval June 1. It will receive $18 million in industrial revenue bonds to fund part of an expansion that will boost the facility's capacity, space and staff.
The company plans to add 150 employees, double its polyethylene recycling capacity and triple its extrusion of composite plastic lumber, said Joe Brooks, chairman and chief executive officer. AERT currently employs a total of 300 at Springfield and a plant in Junction, Texas.
The Springfield plant now has 103,000 square feet of space and four extrusion lines. The expansion will add 130,000 square feet, including 40,000 square feet for plastics recycling.
AERT manufactures composite lumber for the door, window, industrial flooring and residential and commercial decking markets. The firm recycles PE, wood chips and industrial plastic scrap. It also recycles post-consumer products such as grocery bags and plastic bottles.
``Our recycling is doing well,'' he said in a recent telephone interview.
Brooks said AERT's goal for the expansion includes raising its annual sales to $75 million. In 1998, AERT had sales of $4.5 million.