Engel North America names president
GUELPH, ONTARIO - Engel Holding GmbH, the Austrian maker of injection presses and robots, has appointed Walter Jungwirth president of its North American operations, Engel Machinery Inc.
Jungwirth has worked at Engel since 1978, holding a variety of technical, sales and marketing, and management positions in Africa, Asia, the United Kingdom and the United States. Before joining Engel's assembly plant in Guelph, he was sales director for an Engel injection press plant in St. Valentin, Austria.
In 2002, the firm named Jungwirth executive vice president of sales and marketing for North America. Reinhard Rieder, the North American executive vice president and general manager, resigned earlier this year. As North American president, Jungwirth also serves on the Engel Holding strategic management committee. He is based in Guelph.
Schwertberg, Austria-based Engel Holding coordinates worldwide operations of the machinery maker.
Marshall bought back by former owner
MARTIN, MICH. - The former owner of Marshall Plastic Film Inc. has bought back the company from Plassein International Corp. and reopened the facility.
Marshall Forsberg, the founder of Martin-based Marshall Plastic, purchased the building and property Aug. 8. His company, MPF Acquisitions Inc., has run the plant on a lease arrangement since June 9 while attempting to complete the purchase, said Marshall Plastic Film President John Roggow.
Roggow, a minority stockholder in the plant, will run the 40,000-square-foot operation while Forsberg will serve as chairman. The company has hired back 52 people, Roggow said.
The facility had closed temporarily just before Willington, Conn.-based Plassein filed for Chapter 11 protection from creditors May 14. Plassein is selling off its other assets and has completed the sale of its Salem, N.H., plant to Europackaging plc.
Marshall extrudes specialty film used for high-temperature paint masking applications, primarily for the automotive market, and also manufactures flame-retardant film for flexible building ducts.
Forsberg sold the facility to Plassein in January 2000. He repurchased it with the intention of re-igniting the business, Roggow said.
Ala. PCB lawsuit reaches settlement
ST. LOUIS - Nylon maker and compounder Solutia Inc. will pay $50 million over a 10-year period as part of the settlement of a contamination-related lawsuit.
St. Louis-based Solutia - along with specialty chemical maker Monsanto Co. and drug producer Pharmacia - will pay a total of $600 million to resolve lawsuits surrounding alleged polychlorinated biphenyl contamination at an Anniston, Ala., site. The settlement resolves outstanding claims but includes no admissions of wrongdoing, Solutia officials said in an Aug. 20 news release.
The settlement ``puts the company in a better position ... to refinance its bank facility ... and other legacy liabilities,'' Solutia Chairman and Chief Executive Officer John Hunter said in the release.
Nova blackout-affected plants restarting
PITTSBURGH - A week after a major blackout hit the United States and Canada, Nova Chemicals Corp. is restarting two plants, and it plans to have three other affected sites up and running by the end of the month.
The restart can't happen soon enough for Nova, which on Aug. 22 said it would lose 150 million pounds of plastics and chemical production and $10 million in third-quarter earnings as a result of the blackout.
The Aug. 14 blackout knocked out power to four Nova plants in Ontario - at Corunna, Sarnia, Moore Township and St. Clair River - and to a fifth plant in Painesville, Ohio. As of Aug. 21, restarts were under way in Corunna - where Pittsburgh-based Nova makes plastic feedstocks ethylene, propylene, benzene and toluene - and Sarnia, where Nova produces styrene monomer, which is used to make polystyrene.
The restarts are being affected by energy restrictions, which are limiting the sites to 50 percent of their typical power draw, according to Nova spokeswoman Stephanie Franken.
``The main problem has been ensuring the reliability of the power grid,'' she said.
Start-ups at a 750 million-pound-capacity polyethylene plant in Moore Township, a 600 million-pound-capacity PE plant in St. Clair River and a 70 million-pound-capacity expanded PS plant in Painesville are set to take place in the next 7-10 days, Franken said.
Although all of the plants were running at the time of the blackout, Franken said there was ``no unexpected or severe damage'' to production equipment.