Dyerich enters compounding business
Paterson, N.J. - Colorant distributor Dyerich Chemical Corp. of Paterson has entered the compounding market by forming Dyerich PolyConc, a venture producing color concentrates and dry powder compounds.
Dyerich PolyConc, also of Paterson, launched production in April on a new twin-screw extrusion line, making compounds based on polyolefins, styrenics and engineering resins. The business expects to add a second new twin-screw line by the end of the year, when its annual capacity should reach 3 million pounds, Richmond Eshaghoff, Dyerich vice president and part-owner, said in a recent telephone interview.
The firm will target companies in the eastern United States and Canada, Mexico and Central America needing quick turnarounds on small lots, he said.
Necessity is part of the reason Dyerich is branching out into compounding.
``A big part of [Dyerich Chemical's] business is in textiles, and that market's been hurt a lot by import business,'' he said. ``Compounding is another way that we can grow our business.''
Dyerich expects to post $500,000 in compounding sales this year and has set a target of $750,000 for 2002.
Firms team up to rebuild hot runners
Amherstburg, Ontario - Three Ontario companies are forming a joint venture to rebuild and refurbish hot-runner systems.
The venture tentatively is called SuperTips, said Marvin Fiebig, general manager of Amherstburg-based nozzle tip and housing producer PTooling Inc.
The new company will focus on the high-cavitation container mold market, including PET preform molds, stack and thin-wall molds. The firm also will work on hot-runner systems for the medical and housewares markets, Fiebig said.
MoldTech Electrical Services Inc., an Amherstburg hot-runner electrical and heating component supplier, and Maidstone, Ontario, toolmaker Excel Mold Technologies are part of the venture. The firms together employ about 20 and have annual sales of US$5 million, said MoldTech President Frank Hunt.
SuperTips would like to equal those sales figures, Fiebig added. Initially, employees from the venture partners also will work on SuperTip projects, he said. The venture will be based at MoldTech's Amherstburg location.
``With resin prices high right now and companies reluctant to buy new molds, we think the time is right to service used molds,'' Fiebig said.
Dow, Visteon team up in automotive
Dearborn, Mich. - Dow Chemical Co.'s automotive unit is teaming up with Visteon Corp. to create new products for the auto industry.
Neither Dearborn-based Visteon nor Dow Automotive in Auburn Hills, Mich., are providing many details about the venture, announced May 29.
``It's in the very early stages,'' said Dow spokeswoman Michelle Gardner.
The venture will develop commercial applications in vehicle interior trim, body panels and insulated windows. Its first project will use Dow's insulation materials in an integrated interior system to reduce the load on heating and air conditioning.
The companies expect to announce new programs within a few months.
CMI Engineering opening China offices
Lebanon, Ind. - Injection molder CMI Engineering plans to open two sales and engineering offices in China to help customers work in the Pacific Rim.
Lebanon-based CMI will open an office on Hainan Island and in Ningbo, China, by the end of the summer, said Bob Ritchie, CMI general manager. Those offices will provide assistance with design, tooling and molding projects in the region, he said.
CMI operates a toolmaking joint venture in Dongguang, China, under the CMI name and with more than 1,000 employees. In the United States, CMI works as a project manager for its customers in Asia and other regions, Ritchie said.
The company also does some molding work at plants in Lebanon and Naples, Fla., and conducts product development. But it is finding many of its customers interested in expanding in China, Ritchie said.