Capco Recycling refocuses, expands
COLUMBIANA, OHIO - Capco Recycling Inc. is marking its 20th anniversary by refocusing on resin distribution and installing new blending equipment.
``You really need to adapt in today's world,'' said Douglas Green, president of Columbiana-based Capco. ``We went from having a wholesale recycling mentality, where you're selling to resellers and brokers, to a mentality where we're serving regional molders by providing prime and wide-spec resins and compounds and color concentrates.''
Green's father, Joseph, founded Capco as a recycling firm in 1983. Its initial focus was on toll grinding of large parts, purge and engineering resins. In 1998, Capco established its Capco Polymer Industries unit to handle resin distribution. In November 2002, Capco moved from a 30,000-square- foot site in Columbiana to a 110,000-square-foot, leased facility.
New blending equipment should be up and running by the end of the year, Green said. At that point, Capco expects to add two or three workers to its current 15.
Capco's product mix in both recycling and distribution includes polyethylene, polypropylene, polystyrene, nylon and polybutylene terephthalate. In spite of the recent focus on distribution, which now accounts for half of total sales, Green said Capco remains on track to recycle 4 million pounds of material this year.
Green declined to provide sales data for the privately held firm, but said the business should post a 12 percent sales increase for the second straight year in 2003.
General Cable Corp. closing Mass. plant
HIGHLAND HEIGHTS, KY. - General Cable Corp. is closing its Taunton, Mass., plant that produces PVC jacketing compounds used in the firm's wire and cable products.
``The unprecedented decline in North American industrial activity ... has resulted in a significant reduction in the production loads in our industrial cable plants,'' Gregory Kenny, president and chief executive officer, said in an Oct. 28 news release.
``The Taunton plant closure will reduce our overall fixed costs as we outsource the products the plant makes at a lower cost than we can manufacture them ourselves,'' Kenny added.
The 131,000-square-foot Taunton plant, which also produces bare copper strand, employs 77. The closing will result in a $7 million fourth-quarter charge for Highland Heights-based General Cable.
In the first nine months of 2003, the firm's financial results improved vs. the same period in 2002. Sales were up 3 percent to $1.13 billion, while it showed a profit of more than $5 million after losing almost $15 million in the year-ago period. General Cable's per-share stock also has improved in 2003. It began the year around $4 but closed Oct. 28 at $9.21.
Big Bear Plastic buys large Maac machine
DROITWICH, ENGLAND - Custom molder Big Bear Plastic Products has a big appetite for big Maacs.
The Droitwich firm recently bought a large twin-sheet rotary thermoforming machine from Maac Machinery Corp. in Carol Stream, Ill.
Big Bear now has three Maac rotary presses, all of them large machines, according to Grahame Chapman, Maac's European sales director. The first two thermoformers were single-sheet machines.
Chapman said 4-year-old Big Bear is unusual among European custom thermoformers because the company makes high-volume, large parts.
``They've approached the market in a different way. Thermoforming is a segmented market in Europe, with lots of little guys,'' he said.
Custom thermoformers in Europe typically do small runs. ``The high-volume guys generally will be [original equipment manufacturers],'' Chapman said.
The newest Maac machine can make parts that measure 12 feet by 8 feet, with a 35-inch deep draw. The machine itself measures 40 feet in diameter.
Big Bear makes parts for construction, pallets, motor homes, packaging and consumer products such as children's sliding boards and playground equipment and backyard garden ponds.