Dynisco acquires Atlas testing line
MORGANTOWN, PA. - Dynisco Polymer Test has purchased the plastic testing equipment line of Atlas Material Testing LLC of Chicago.
Dynisco Polymer Test of Morgantown is a unit of Dynisco LLC. The company will move production of the Atlas plastics equipment to Dynisco headquarters in Franklin, Mass., according to Richard Pavero, president of Dynisco Polymer Test.
The deal, for undisclosed terms, brings Dynisco the Atlas Polymer Evaluation Products line. The sale includes devices for testing heat distortion, measuring the Vicat softening point, advanced pendulum impact testers, a total energy dart-drop tester, a laboratory mixing extruder and molder and a flammability tester.
Dynisco Polymer Test supplies melt-flow indexers, capillary rheometers, hot-tack and heat-seal testers and film testing instruments.
Pavero said Dynsico will use existing staff in Franklin to make the new products. The company does not plan to transfer people from Atlas, but it may add a few employees in the future.
Delphi shortens name, expands base
TROY, MICH. - The world's biggest auto supplier is dropping the ``automotive'' part of its name.
Delphi Automotive Systems Corp. announced March 15 it is changing its name to the shortened Delphi Corp.
``Delphi has expanded its customer base beyond automotive and into a wide variety of other markets,'' J.T. Battenberg III, chairman, chief executive officer and president, said in a news release. ``Now is the time to present a common face across all of them.''
The Troy-based company still remains focused on the auto industry, which makes up 90 percent of its more than $25 billion in annual sales, Battenberg said. However, it also has expanded into new segments, including consumer electronics, computers, medical systems and aerospace.
Spartech setting up operation in Mexico
CLAYTON, MO. - Spartech Corp. plans to set up a sheet and compounding facility in Ramos Arizpe, Mexico, the firm revealed at its March 13 annual meeting.
The new operation was one of several initiatives announced by Spartech President Bradely Buechler that the Clayton-based company hopes will help boost recently sagging financial results.
Others included the launch of a new custom engineered wheels manufacturing facility in Tupelo, Miss., formation of two new joint ventures and last year's sale or closure of 12 plants to cut costs and provide funds for expansion elsewhere.
Spartech reported at the meeting that profit fell 43 percent to $6.9 million in the first quarter, ended Feb. 2. Sales slipped 11 percent to $190.7 million after adjusting for the divestiture last July of Spartech's custom molded products business.
Spartech aims in 2002 to continue conversions from traditional materials to plastics made by Spartech. The effort calls for the firm's 125 sales representatives to spur broader use of Spartech's 25-plus proprietary compounds. Further, the company will pursue productivity improvements and cost-reduction programs, Buechler said.
Orange moves some Taiwan work to U.S.
ANAHEIM, CALIF. - Orange Micro Inc. of Anaheim is shifting some work from Taiwan to the United States.
``We are bringing something home,'' said Arthur Scotten, Orange Micro president and chief executive officer.
The company awarded a contract for mold design, mold making, injection molding and decorating to HK Plastics Engineering Inc. of Oceanside, Calif. HK, which was founded in 1974, won the competitive project in January.
The work involves a next-generation iBot desktop video camera. The product should reach the retail market in April, costing about $99. The new Web cam will use version 2 of Universal Serial Bus hardware protocol and operate 40 times faster than current USB-1 standards.
Orange Micro, formed in 1980, employs about 30, assembles its products in Anaheim and will retain Taiwan sources for existing plastic products.