Polytainers expanding Mo. facility
LEE'S SUMMIT, MO. - Injection molder Polytainers Inc. has launched an expansion of its Missouri plant that will more than double capacity and include the purchase of 26 new presses.
The firm, part of Toronto-based Polytainers Ltd., began construction of the 50,000-square-foot expansion in early September, with plans to have it fully up and running by the second quarter of 2004, said Charlie Bernhard, director of operations for the Lee's Summit plant, near Kansas City.
The firm now operates 21 presses with clamping forces of between 300-600 tons at the site. The new machines likely will fall within the same range. It expects to add another 100 jobs to its current payroll of 180. Polytainers is not disclosing the cost of the project or the equipment supplier.
Polytainers specializes in molding and decorating food containers for the dairy and cultured dairy industry, items such as margarine and yogurt tubs.
``Business is doing very well,'' Bernhard said. ``We've got good product, good customers and the dairy industry tends to be more recession-proof than some others.''
The Lee's Summit plant opened 13 years ago and is the second factory for privately owned Polytainers Ltd.
Milacron sells 2nd round-tool business
CINCINNATI - Milacron Inc. has sold another of its round metal-cutting tool businesses, called the Talbot operation.
Milacron announced Sept. 17 it had sold Talbot to Harpoint Holdings Inc., a private investment group in Newtown, Pa. The sale price was not disclosed, but Milacron said it does not expect the sale to have a material effect on its sales, earnings or cash flow in 2003.
Talbot generated 2002 sales of $30 million. It employs about 220 people at plants in Pittsfield, Mass., and Millersburg, Pa.
Milacron last month sold Minnesota Twist Drill, which does about $10 million in sales, to MTD Acquisitions Inc., which includes several employees backed by an investment group.
In 2002, Milacron removed round tools and another metalworking-related business, grinding wheels, from its balance sheet and began treating them as discontinued operations. The Cincinnati-based company said selling round tools enables it to focus resources on plastics machinery and mold components businesses, and metal-cutting fluids.
The Talbot products include end mills, drills, taps, reamers, countersinks and counter bores under the brand names of Data Flute CNC, Weldon Tool, Brubaker Tool, Fastcut, New England Tap and Micro Carbide Tool. Milacron bought four of the Talbot brands in 1995, then added two others in 1997 and 1999.
Jackson Plastics closing Illinois plant
DANVILLE, ILL. - Jackson Plastics Inc. will close its factory in Danville a little more than three years after the auto supplier opened its shop there.
The company filed a notice with the state of Illinois Sept. 10 informing it of the closing. The notice did not include details about the shutdown date or number of employees affected, although the site was listed previously as having about 100 workers.
Officials for the Nicholasville, Ky., injection molder did not respond to requests for comment.
The facility opened in 2000 to produce interior and exterior components.
Nicos Polymers adding equipment, jobs
NAZARETH, PA. - Nicos Polymers & Grinding Inc. is tapping into the compounding business.
The Nazareth firm is adding seven blenders to its 180,000-square-foot headquarters facility, and plans to add as many as 12 employees in the next six months.
Nicos built its 25-year-old business in custom grinding, but began diversifying at the beginning of the year when it moved into pulverizing. The firm was pushed to diversify as imports have affected manufacturers.
``Pulverizing has been super; it's really taking off,'' Barry Friedman, national sales manager, said Sept. 18 by telephone. ``We felt that we need to expand our businesses, as opposed to looking for more volume. We feel compounding is the next logical step. We didn't have a choice but to find ways to bring in more revenue.''
Nico's customers have included window profile extruders, and PVC floor coverings makers and flexible vinyl roofing membranes. Nicos reported $6.5 million in sales for 2002 with 65 employees.