Blow molder Pretium closing Pa. plant
EASTON, PA. - Pretium Packaging LLC will close its Easton extrusion blow molding facility June 30 and move the work to three other plants. The closure affects 55 employees.
A customer relocated a significant piece of business, John Cannaday, Pretium regional general manager, said by telephone. ``That was the primary reason'' for the closure, he said. The Easton plant makes packaging mainly for household and industrial chemicals.
Pretium will move the operations to sites in Seymour, Ind.; Peru, Ill.; and Nashua, N.H. After the closing, the firm will have operations in nine plants.
The Easton plant was part of the 1995 acquisition of Travomatic Corp. from General Electric Capital Corp.
For the year ended Sept. 30, St. Louis-based Pretium had total sales of $150 million. Its $145 million in blow molding sales ranked 20th on Plastics News' list of North America's blow molders.
Rubbermaid orders 45 Husky presses
BOLTON, ONTARIO - Rubbermaid Home Products has placed a large order for injection molding presses with Husky Injection Molding Systems Ltd.
Husky said June 5 that the Rubbermaid unit ordered more than 45 presses in Husky's Hylectric and Quadloc product lines. The Bolton machinery and molds supplier announced the deal when it released financial results for its third quarter, ended April 30. The order from the Newell Rubbermaid Inc. subsidiary will be included in Husky's fourth-quarter results.
Rubbermaid spokeswoman Keri Butler said her company will install the new presses at several North American plants for new product development.
Gord Maier, Husky communications director, said the order is Husky's largest in several years. Most of the presses are large-tonnage models that will be delivered within 11/2 years.
Husky sales grew less than 1 percent in the third quarter to US$164.4 million. However profit, at US$5.3 million, was more than five times higher than in the year-earlier period, due to better productivity and cost control, the firm said. Orders in the third quarter, at US$151 million, were 18 percent higher.
Husky predicts soft market conditions for injection molding machinery sales well into calendar 2002. However, the North American market seems to have bottomed out after a 40 percent decline in equipment sales in calendar 2001.
The firm's year-to-date results are dragging because of weakness early in its fiscal year. For nine months, the company lost US$19 million on sales of US$487.4 million.
Empire bets on economy, adds equipment
ROCHESTER, N.Y. - Custom injection molder Empire Precision Plastics Inc. has added a new 300-ton Arburg press with Star Automation robotic parts-handling equipment.
Empire said it needs the press, which it bought in May, for new electronics-related programs and new consumer products.
``In December, our plans called for two new, 300-ton machines, but due to market conditions we decided to purchase a used, 300-ton Van Dorn in January,'' President Neal Elli said in a statement. ``The decision to purchase the second machine new was based, in part, on improved confidence in the U.S. economy.''
Empire employs 70 and operates 25 presses with clamping forces of 25-300 tons at its Rochester headquarters plant. The firm reported 2001 sales of $7.4 million.
Last year, Empire added MuCell microcellular molding, initially for automotive research and development. It also molds parts for the packaging and electronic markets.
PN offers free e-mail of early classifieds
AKRON, OHIO - Plastics News will begin delivering some categories of its classified ads by e-mail each week at least two days before they appear in the newspaper. The free service starts June 15. The sign-up form can be found at www.plastics news.com/classifieds.
Initially, recipients can sign up to receive classifieds related to equipment for sale, and materials wanted and materials for sale. Additional categories will be added later.
``This service is an excellent way to read Plastics News' classifieds on Saturday morning instead of having to wait for the newspaper the next week,'' said Ed Rich, PN's classified advertising sales manager. ``It's a great way to get a jump on the competition.''
Advertisers will not pay extra to have their classified ad broadcast, Rich said.