Dunning named new CEO at Omnexus
ATLANTA — Plastics Internet portal Omnexus has named Peter Dunning as its new chief executive officer. Dunning was president and chief executive officer of FacilityPro.com, an Atlanta-based business-to-business marketplace in the commercial real estate industry.
Prior to that, Dunning served as senior vice president at Redwood City, Calif.-based technology provider Oracle Corp., where he managed a chemicals business unit among his duties. He also was executive vice president with SAP America Inc. of Newtown Square, Pa., for seven years.
Dunning, who starts immediately, replaces interim chief executive officer Yaarit Silverstone, a partner with Andersen Consulting. The consulting firm has helped Omnexus launch its Web site (www.omnexus.com).
Atlanta-based Omnexus searched both inside and outside the plastics industry for a CEO. A statement from the board of directors said Dunning's "strong technology and business development background, along with his proven ability to manage rapid growth, make him the ideal CEO for Omnexus."
The Web marketplace for injection and blow molders was founded by five resin companies in April and now includes more than 20 suppliers. The company expects to open an office in Zurich, Switzerland, during the first quarter of 2001.
Glynwed to split into two companies
BIRMINGHAM, ENGLAND — Glynwed International plc plans to split its two divisions into stand-alone ventures: pipe systems, and consumer and food-service products.
Although officials would not disclose details, a news release stated that consolidation for the pipe sector is both inevitable and necessary to respond to changing market conditions.
"We're following up on a number of things, and we are not in a position to talk about those right now," said Nick Boucher, Glynwed's director of planning and communications.
Birmingham-based Glynwed announced the plan Nov. 22.
Glynwed moved into the North American market with the 224 million ($350 million) acquisition of Canada's top pipe extruder, Ipex Inc., in 1999. The company also owns pipe supplier Enfield Industrial Corp. of Lake Bluff, Ill., and Industrial Plastics Technology in Columbia, Md., which distributes industrial pipe and fittings.
For the first half of 2000, the company reported sales of 476 million ($716 million).
PolySort to offer group purchasing
AKRON, OHIO — PolySort Inc. is adding group resin-buying to its arsenal of recently launched e-commerce capabilities.
The firm will begin offering group discounts for eight materials this week, said Angela Spreitzer Charles, managing director.
"A lot of processors were posting requirements for similar materials," Charles said in a Jan. 5 telephone interview. "We thought all along that an exchange itself would work as an aggregating tool for distribution, helping processors purchase at a lower rate from producers."
Processors will receive price breaks based on the number of pounds ordered by a group of buyers each month, said marketing director Donna Shelley. To launch the service, the Akron firm has selected four Ohio- and Pennsylvania-based processors as "anchor buyers." Participating resin suppliers will pay PolySort a 3 percent transaction fee, Shelley said.
The company merged with Cleveland-based Web exchange PolymerSite.com in February and launched an individual spot exchange in May. That site, www.polymersite.com, will continue.
Processors joining the new group purchase program, found at www.polysort.com/gp, also will receive points for each transaction, called performance warrants. The warrants can be converted into options to buy an ownership stake in PolySort.
Premier Packaging closing Miami plant
TACOMA, WASH. — Premier Packaging is closing its shape-molded plastic foam plant in Miami in the first quarter and opening a distribution center in Memphis, Tenn.
Michael Hays, Premier Packaging group general manager, said in a news release that the move is needed because more than half of the molded foam made in Miami is shipped to customers in the Memphis area. However, the firm said it will not decide until midyear whether to open a plant in Memphis or serve the area with only the distribution center.
Until then, Premier, a division of Premier Industries Inc. of Tacoma, will ship foam to Memphis from its Mead, Neb., facility.
The Miami unit makes shape-molded foam out of expanded polystyrene and olefins/copolymers.
Premier Industries also owns Tacoma-based Premier Plastics, which ranked 55th in a recent Plastics News ranking of North American blow molders.