Nolato closing plant, eliminating 85 jobs
TOREKOV, SWEDEN - Nolato AB is undertaking a major shake-up of its plastics operations in Hungary, citing the loss of business to Asia.
The Torekov-based custom injection molder is closing its Nolato Jasz plant in Jaszbereny, Hungary, cutting 85 jobs. The move comes barely a year after Nolato expanded the business into a new, 38,000-square-foot unit close to a major customer, appliance maker Electrolux.
Work from the facility will shift to Nolato Protec, the company's remaining Hungarian plant in MosonmagyarÃ³var. That plant already saw cutbacks to adjust to demand in 2001.
``From a financial point of view, we have had a situation that was not planned. We have two factories [in Hungary], neither with efficient utilization of capacity,'' said Nolato Chief Financial Officer Ola Holmstrom.
Holmstrom blamed the loss of business to Asia.
The Hungarian units develop, mold, paint and assemble components for a variety of products including vacuum cleaners, home movie projectors, computer mice and vehicle valve covers and speakers.
Meanwhile, Nolato is expanding production of mobile-phone components at its plant in Beijing, China, which it launched in 2001.
Flextronics to shut Finland site, cut jobs
SINGAPORE - Flextronics International Ltd. plans to close its plant in KyrokÃ¶ski, Finland, by the end of the year, with the loss of 160 jobs.
In June, the Singapore-based company laid off 130 at the facility, where its chief customer is Nokia Oy. The closing is in line with Flextronics' policy of cutting plants dependent on one major customer. The company will shift work to a large complex in Sarvar/Zalaegerszeg, Hungary.
The company also said it will halve the 30-strong workforce at its product design unit in Tampere, Finland. News of the Finnish layoffs comes on the heels of Flextronics' recently announced agreement to buy phone designer Microcell Group in Zug, Switzerland.
Peguform installs Battenfeld press
LIBEREC, CZECH REPUBLIC - Peguform Bohemia k.s., a subsidiary of U.S. automotive injection molder Venture Holdings Co. LLC, has installed a new, 1,300-ton Battenfeld injection molding press at its Liberec molding plant.
The two-platen, module HM machine, designed with telescoping tie bars to accommodate large-component molds and parts, is turning out car door claddings for Suzuki Motor Corp.'s plant in Hungary.
Peguform Bohemia, which employs about 1,500, claims to be the Czech Republic's biggest auto parts producer and the country's only maker of vehicle bumpers. Its presses have clamping forces of 160-3,200 tons, said project manager Pavel Kabriel. Venture Holdings is based in Fraser, Mich.
Heywood Williams sells Coldseal unit
HUDDERSFIELD, ENGLAND - PVC profile, window and doors manufacturer Heywood Williams Group plc has sold Coldseal Ltd., a British window fabricator.
In a noncash deal, Huddersfield-based Heywood Williams handed over the business to window fabricator Bryco Group in exchange for a stake in the enlarged group. The merged firm has taken the name Coldseal Group Ltd. The transaction gives Heywood Williams a 19.9 percent stake in Coldseal Group and a three-year agreement to supply profiles and hardware.
Coldseal, which employs 500, manufactures windows in Alfreton, England, and runs service centers in Alfreton, Barnsley, Bristol, Kettering, Redditch and Stockport, England, and in Swansea, Wales.
Privately owned Bryco Group, based in Romford, England, makes and installs plastic replacement windows and doors in England.
The deal comes several weeks after Heywood Williams Chief Executive Officer Ian Stuart resigned, following the continued underperformance of Coldseal Ltd. and Plastic Systems, the company's British PVC profile manufacturing division.
G. Fischer to shutter pipe fittings plant
SCHAFFHAUSEN, SWITZERLAND - Facing up to falling sales and persistent economic gloom, piping systems producer Georg Fischer Corp. plans to close an Italian PVC pipe fittings plant, cutting 30 jobs.
The Georg Fischer TIL SpA plant in Genoa, Italy, will close by the end of the year, and production will shift to a Georg Fischer Piping Systems Ltd. plant in Schaffhausen, which is Fischer's headquarters city.
Fischer had acquired the Genoa plant in 1972. The plant is profitable but too small to be economically viable in current market conditions, according to a Fischer spokeswoman.
Fischer employs 3,450 at plants in 12 countries, including the United States.
In the first half of 2003, Fischer's piping systems division saw a 4 percent drop in sales, although specific gas and water distribution applications for polyethylene systems in China and Europe showed some improvement.