Skip to main content
Sister Publication Links
  • Sustainable Plastics
  • Rubber News
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Processor News
    • Suppliers
    • More News
    • Digital Edition
    • End Markets
    • Special Reports
    • Newsletters
    • Resin pricing news
    • Videos
    • Injection Molding
    • Blow Molding
    • Film & Sheet
    • Pipe/Profile/Tubing
    • Rotomolding
    • Thermoforming
    • Recycling
    • Machinery
    • Materials
    • Molds/Tooling
    • Product news
    • Design
    • Mergers & Acquisitions
    • Sustainability
    • Public Policy
    • Material Insights Videos
    • Numbers that Matter
    • Automotive
    • Packaging
    • Medical
    • Consumer Products
    • Construction
    • CEO Issue
    • Diversity
    • Best Places to Work
      • 2022 winners
    • Processor of the Year
    • Rising Stars
    • Women Breaking the Mold
  • Opinion
    • The Plastics Blog
    • Kickstart
    • One Good Resin
    • BRICS and Plastics
    • All Things Data
    • Viewpoint
    • From Pillar to Post
    • Perspective
    • Mailbag
    • Fake Plastic Trees
  • Shop Floor
    • Blending
    • Compounding
    • Drying
    • Injection Molding
    • Purging
    • Robotics
    • Size Reduction
    • Structural Foam
    • Tooling
    • Training
  • Events
    • K Show Livestream
    • Plastics News Events
    • Industry Events
    • Injection Molding & Design Expo
    • Livestreams/Webinars
    • Editorial Livestreams
    • Ask the Expert
    • Plastics News Events Library
    • Processor of the Year submissions
    • Plastics News Executive Forum
    • Injection Molding & Design Expo
    • Plastics News Caps & Closures
    • Women Breaking the Mold Networking Forum
    • Plastics in Automotive
    • Reuters Responsible Business Europe 2022
    • Reifenhäuser Technologies Livestreams
    • Polymer Points Live
    • Numbers that Matter Live
    • Plastics in Politics Live
    • Sustainable Plastics Live
    • Plastics Caps & Closures Library
    • Plastics in Healthcare Library
    • Women Breaking the Mold Networking Forum Library
  • Resin Prices
    • All Resins
    • Commodity TPs
    • High Temp TPs
    • ETPs
    • Thermosets
    • Recycled Plastics
    • Historic Commodity Thermoplastics
    • Historic High Temp Thermoplastics
    • Historic Engineering Thermoplastics
    • Historic Thermosets
    • Historic Recycled Plastics
  • Rankings & Data
    • Injection Molders
    • Blow Molders
    • Film Sheet
    • Thermoformers
    • Pipe Profile Tubing
    • Rotomolders
    • Mold/Toolmakers
    • LSR Processors
    • Recyclers
    • Compounders - List
    • Association - List
    • Plastic Lumber - List
    • All
  • Directory
  • Custom
    • Sponsored Content
    • LS Mtron Sponsored Content
    • Conair Sponsored Content
    • KraussMaffei Sponsored Content
    • ENGEL Sponsored Content
    • White Papers
    • Classifieds
    • Place an Ad
    • Sign up for Early Classified
MENU
Breadcrumb
  1. Home
  2. News
News
October 06, 2003 02:00 AM

Newsclips

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    National Pipe postponing its relocation

    VESTAL, N.Y. - National Pipe & Plastics Inc. is staying put for now, halting plans to move to a site five miles from its headquarters in Vestal.

    The PVC pipe extruder began a $13 million, three-year project in 2002, purchasing property from footwear maker Endicott Johnson Corp. National had planned to move 16 extrusion lines to the 235,000-square-foot site in Union, N.Y., and eventually shift 360 employees.

    According to Pyramid Brokerage Co. in Endicott, N.Y., the property now is for sale.

    ``We hadn't planned to move that quickly,'' President David Culbertson said in an Oct. 2 telephone interview. ``We had that building because it was a good building and [had] a lot of room. Our plans haven't changed. For right now, we have everything we need where we are. We may be able to gain better efficiencies and economies and increase our profitability by looking at other properties in our future planning.''

    The PVC pipe industry as a whole suffered during the second quarter especially, as demand eased and selling prices trended downward.

    In July, National Pipe idled extrusion at its site in Thomasville, Ga., but maintains distribution operations there. It runs another extrusion plant in Greensboro, N.C.

    Louisiana-Pacific moving HQ to Tenn.

    PORTLAND, ORE. - Louisiana-Pacific Corp. plans to relocate its headquarters to Nashville, Tenn., by 2005.

    The building products conglomerate, which has been based in Portland more than 30 years, announced the move Sept. 30. The relocation marks the firm's final stage in a series of consolidations and divestitures that have occurred during the past year.

    ``Now, we're focused on the strategic businesses. In order to accomplish our growth goals, we have to have key leadership in one location,'' spokesman David Dugan said in an Oct. 2 telephone interview. ``We're working through negotiations on property to acquire in Nashville. We're nearing that decision.''

    The move will bring L-P closer to its mills, customer base and investors, officials said. L-P will keep about 130 employees in Portland and move 15 there as part of the consolidation, officials said. The firm also operates administrative offices in Hayden Lake, Idaho; Conroe, Texas; Charlotte, N.C.; Montreal; Schaumburg, Ill.; and Troy, Mich.

    The firm will relocate its Charlotte site to Nashville. Other sites will be handled on a case-by-case basis, Dugan said. L-P inherited the Charlotte site when it bought vinyl siding firm ABTCo. in 1999.

    Podesta to head up BASF chemicals unit

    MOUNT OLIVE, N.J. - Plastics industry veteran Gerry Podesta has landed at BASF Corp., where he will run that firm's Performance Chemicals unit in North America.

    The unit, which posted sales of more than $500 million in 2002, produces plastic additives, as well as chemicals, dyes, inks, biocides and wood preservatives. Podesta will be based in Mount Olive.

    Podesta ended a 20-year career with General Electric Co. earlier this year. At the time, GE officials said Podesta left to pursue opportunities outside the company. Most recently, he had served as vice president of GE Plastics Americas, which includes the GE Polymerland resin distribution business.

    Podesta ran GE Plastics' e-commerce initiatives from 1999 until being promoted to the Americas job.

    Former ADT chief facing fraud charges

    BOSTON - Federal prosecutors in Massachusetts charged the former head of coatings maker Advanced Deposition Technologies Inc. with fraud Sept. 30 for what they said was a scheme to create phony license agreements to secure bank loans.

    Prosecutors said Glenn Walters, 49, who was chief executive officer of the now-defunct ADT, created fake invoices in December 2000 that said three customers owed the Taunton, Mass., company $575,000, and then used them to increase ADT's line of credit with the Bank of Canada.

    Walters was charged in U.S. District Court in Boston with one count of bank fraud. If found guilty, he faces up to 30 years in prison, five years of supervised release and a $1 million fine.

    Walters' lawyer could not be reached.

    When the alleged fraud was uncovered in 2001, the firm's loans went into foreclosure and the firm collapsed. The company, which supplied metalized coatings for plastic films, had been publicly traded.

    RECOMMENDED FOR YOU
    New owners plan growth across US for medical molder Seaway
    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Plastics News would love to hear from you. Email your letter to Editor at [email protected]

    Most Popular
    1
    Pandemic-prompted reshoring creates growth for medical injection molders
    2
    Lego to build $1B US molding plant
    3
    Boston Group consolidating, growing in Ohio
    4
    Atkore buys HDPE pipe maker United Poly, continuing M&A push
    5
    Numbers that Matter Live - June 2022
    SIGN UP FOR TO RECEIVE THESE EMAILS AND ENEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Plastics News delivered straight to your inbox, free of charge.

    Subscribe today

    Subscribe to Plastics News

    Subscribe now
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter
    • Instagram

    Plastics News covers the business of the global plastics industry. We report news, gather data and deliver timely information that provides our readers with a competitive advantage.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI 48207-2997

    Customer Service:
    877-320-1723

    Resources
    • About
    • Staff
    • Editorial Calendar
    • Media Kit
    • Data Store
    • Digital Edition
    • Custom Content
    • People
    • Contact
    • Careers
    • Sitemap
    Related Crain Publications
    • Sustainable Plastics
    • Rubber News
    • Urethanes Technology
    • European Rubber Journal
    • Tire Business
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Processor News
        • Injection Molding
        • Blow Molding
        • Film & Sheet
        • Pipe/Profile/Tubing
        • Rotomolding
        • Thermoforming
        • Recycling
      • Suppliers
        • Machinery
        • Materials
        • Molds/Tooling
        • Product news
        • Design
      • More News
        • Mergers & Acquisitions
        • Sustainability
        • Public Policy
        • Material Insights Videos
        • Numbers that Matter
      • Digital Edition
      • End Markets
        • Automotive
        • Packaging
        • Medical
        • Consumer Products
        • Construction
      • Special Reports
        • CEO Issue
        • Diversity
        • Best Places to Work
          • 2022 winners
        • Processor of the Year
        • Rising Stars
        • Women Breaking the Mold
      • Newsletters
      • Resin pricing news
      • Videos
    • Opinion
      • The Plastics Blog
      • Kickstart
      • One Good Resin
      • BRICS and Plastics
      • All Things Data
      • Viewpoint
      • From Pillar to Post
      • Perspective
      • Mailbag
      • Fake Plastic Trees
    • Shop Floor
      • Blending
      • Compounding
      • Drying
      • Injection Molding
      • Purging
      • Robotics
      • Size Reduction
      • Structural Foam
      • Tooling
      • Training
    • Events
      • K Show Livestream
      • Plastics News Events
        • Plastics News Executive Forum
        • Injection Molding & Design Expo
        • Plastics News Caps & Closures
        • Women Breaking the Mold Networking Forum
        • Plastics in Automotive
      • Industry Events
      • Injection Molding & Design Expo
      • Livestreams/Webinars
        • Reuters Responsible Business Europe 2022
        • Reifenhäuser Technologies Livestreams
      • Editorial Livestreams
        • Polymer Points Live
        • Numbers that Matter Live
        • Plastics in Politics Live
        • Sustainable Plastics Live
      • Ask the Expert
      • Plastics News Events Library
        • Plastics Caps & Closures Library
        • Plastics in Healthcare Library
        • Women Breaking the Mold Networking Forum Library
      • Processor of the Year submissions
    • Resin Prices
      • All Resins
      • Commodity TPs
        • Historic Commodity Thermoplastics
      • High Temp TPs
        • Historic High Temp Thermoplastics
      • ETPs
        • Historic Engineering Thermoplastics
      • Thermosets
        • Historic Thermosets
      • Recycled Plastics
        • Historic Recycled Plastics
    • Rankings & Data
      • Injection Molders
      • Blow Molders
      • Film Sheet
      • Thermoformers
      • Pipe Profile Tubing
      • Rotomolders
      • Mold/Toolmakers
      • LSR Processors
      • Recyclers
      • Compounders - List
      • Association - List
      • Plastic Lumber - List
      • All
    • Directory
    • Custom
      • Sponsored Content
      • LS Mtron Sponsored Content
      • Conair Sponsored Content
      • KraussMaffei Sponsored Content
      • ENGEL Sponsored Content
      • White Papers
      • Classifieds
        • Place an Ad
        • Sign up for Early Classified