Geon shuttering Mass. PVC films plant AVON LAKE, OHIO — Geon Co. of Avon Lake is closing its engineered PVC films plant in Newton Upper Falls, Mass., less than a year after acquiring the plant from O'Sullivan Corp.
The 80-employee plant will close by mid-2001. Production will be shifted to Geon film plants in Winchester, Va.; Lebanon, Pa.; and Yerington, Nev., and a film plant in Burlington, N.J.
The Newton Upper Falls plant produced PVC films for the medical, stationery, flexible automotive and marine window markets. Some of its equipment will be transferred to other Geon sites, while the rest will be sold along with the property.
Closing the plant will save Geon $1 million annually beginning in 2002. Geon, North America's largest PVC compounder, will take a one-time, pretax charge of $3.4 million in the second quarter of this year for the closing.
Geon ranked 29th in Plastics News' 1999 ranking of North American film and sheet manufacturers, with $202 million in film and sheet sales. The firm, which posted total sales of almost $1.3 billion last year, had no existing film business before the Occidental and O'Sullivan purchases.
Duerr consolidation New Jersey plants
KENILWORTH, N.J. — Duerr Tool & Die Co. Inc. soon will open a $10 million facility to replace its four plants in Kenilworth.
The company said it is moving to the new plant in Union, N.J., to improve efficiency and quality. The investment includes equipment to provide climate control, and closed-loop materials-handling and water systems.
Duerr plans to move its 33 injection presses and mold-building machinery and officially open the 125,000-square-foot building May 8, said George Meyer, director of sales and marketing. The presses have clamping forces of 55-850 tons
Meyer said Duerr mainly molds consumer-oriented goods for computer parts and supplies, advertising and promotion, personal care, automotive and industrial components.
Meyer said the new building is about 30,000 square feet larger than its current facilities and is expandable. It has six loading docks and resin storage capacity of 500,000 pounds.
Duerr offers mold design and building and secondary operations such as decoration, assembly, packaging and distribution. It recorded custom molding sales of $19.9 million last year.
BFGoodrich to sell chemicals, resin unit
CHARLOTTE, N.C. — BFGoodrich Co. of Charlotte hopes to find a buyer for its performance materials segment, including its plastics and additives business, by the end of the year to focus on its aerospace and engineered industrial products divisions.
Performance materials accounted for $1.2 billion of BFG's $5.5 billion sales total in 1999. That amount is well below the $3 billion to $5 billion that company officials said is needed to compete in specialty chemicals. Plastics and additives accounted for about $422 million, or about 8 percent of total BFG sales.
The unit employs 3,400 worldwide, including 550 at its headquarters in Brecksville, Ohio. Other large U.S. sites include Cincinnati; Avon Lake, Ohio; and Kalama, Wash.
The group's primary plastic product is its line of thermoplastic polyurethanes; other plastic products include chlorinated PVC and several specialty engineering resins.
The decision to sell the unit is a reversal of statements BFG made in late 1998 when it merged with Coltec Industries and moved its headquarters from Richfield, Ohio, to Charlotte.
Lear teams up with Piston Automotive
DETROIT — Automotive supplier Lear Corp. is joining forces with a former Detroit Pistons "Bad Boy" in a joint venture to improve delivery of Lear modules to General Motors Corp.
JL Automotive LLC was set to begin sequencing Lear door panels, sun visors and headliners in Highland Park, Mich., April 24. The parts are bound for GM facilities in Hamtramck, Mich., and Lake Orion, Mich.
Piston Automotive LLC, a Detroit company owned by former basketball player Vinnie Johnson, will own 51 percent of JL Automotive, making it a minority-controlled partner with Southfield, Mich.-based Lear.
The 60-employee Detroit company assembles modular struts for GM, said Dawn Bibb, Piston Automotive accounting supervisor.
The two businesses expect the joint venture JL Automotive to expand as a subsupplier for Lear, with room for as many as 123 more employees at the 146,000-square-foot plant.