Acsys launches $20 million paint line
SOUTHFIELD, MICH. - Automotive Component Systems Technologies Inc. has launched a $20 million paint line, and is considering further improvements to its injection molding holdings as it enters its second full year of operations.
The company, with headquarters in Southfield and manufacturing at Oshawa, Ontario, posted $306 million in sales for 2002, turning out injection molded and painted bumper fascia and steel bumper beams.
Automotive Component Systems, known as Acsys, launched in September 2001 with the purchase of the one-time General Motors Corp. bumper plant in Oshawa. The company has purchased three new presses for an undisclosed investment, bringing its stable to 38, with clamping forces of 450-4,000 tons, said Phil Fioravante, vice president sales and market development.
The firm will buy at least one more press, he said, and has new applications for components using post-consumer materials and fiber-filled thermoplastics.
Eastman Chemical bows out of NPE 2003
KINGSPORT, TENN - Eastman Chemical Co.'s specialty plastics business won't be making the trip from Tennessee to Chicago to exhibit at NPE 2003.
Eastman informed officials at the Society of the Plastics Industry Inc. - the Washington-based trade group that organizes the event - of its decision last week, Eastman spokeswoman Deborah Galloway said.
Officials at the Kingsport-based business - a major producer of copolyesters, liquid-crystal polymers, cellulosics and other specialty resins - made the decision after considering the needs of its customers and of the markets it serves, Eastman said in a Feb. 3 news release. The specialty plastics business posted 2001 sales of $505 million.
``This is not a reflection on NPE or SPI, but simply part of this overall evaluation,'' the company said.
Voridian Co., the Eastman unit that ranks as North America's largest PET resin maker, had decided early last year not to exhibit at NPE 2003, Galloway said.
Eastman now becomes the second major resin maker to pull out of the show, set to run June 23-27 in Chicago. Dow Chemical Co. of Midland, Mich., confirmed in June that it would sit out the event.
Campbell Plastics reportedly shuts doors
CORONA, CALIF. - Corona molder Campbell Plastics Engineering & Manufacturing Inc. has closed, according to local news sources, following the end of its biggest business contract.
The firm shut down Jan. 31, according to the Press Enterprise in Riverside, Calif. Officials at Campbell referred calls to founder Richard Campbell, who did not respond to requests for information.
The business opened as Venture Plastics Inc. in 1981, adopting the Campbell Plastics name in 1995. It won its biggest contract in 1997 to produce gas masks for the U.S. Army. That business ended in 2001, and the company had fewer than 20 employees at the start of 2003.
Campbell Plastics also was a major developer of gas masks, helping to design a system that replaced metal parts with plastic and reduced the number of components.
Ring Container expanding Ill. facility
OAKLAND, TENN. - Ring Container Technologies will expand its blow molding plant in Kankakee, Ill., later this year as it grows its customer base.
The blow molder will add about 45,000 square feet to the facility and install a new blow molding line, said Chief Financial Officer Wayne Drake in a Feb. 6 telephone interview. The work is to be completed early in the fourth quarter at the 52,500-square-foot plant. The company expects to add 10-15 jobs; the plant currently employs about 30.
Drake would not disclose total investment, but said the company will receive industrial revenue bonds from the Joliet, Ill.-based Will-Kankakee Development Authority, a regional agency serving two counties in northern Illinois. The city of Kankakee approved as much as $4.5 million in bond money for the project.
Ring's Kankakee plant opened in 1995 with four blow molding lines. The plant produces food containers made from high density polyethylene.
Oakland-base Ring changed its name July 1 from Ring Can Corp. to reflect its plastics-based product line. The company ranked 22nd in Plastics News' 2002 list of North American blow molders, with $130 million in sales.