PU processor C-Tech launches in Calif.
ANAHEIM, CALIF. - Industry veteran Clay Stadler has opened his own plastics processing business, C-Tech Tool & Molding Inc. in Anaheim.
The firm acquired three horizontal injection molding machines with clamping forces of 280, 150 and 100 tons and standard hydraulic toggle drives. Victor Taichung Machinery Works Co. Ltd. made the Fortune-brand presses in Taichung, Taiwan.
C-Tech molds modified polyurethanes for core hubs for skate wheels, and handles glass-filled alloys of engineering-grade resins, said Stadler, owner and president.
The firm employs three, occupies 3,500 square feet and, initially, is handling mold-maintenance work in-house. Stadler started operations in August.
Stadler operated his father's business, Stadler Mold & Die Inc. in Littleton, Colo., for 14 years into 1999 and was a partner and vice president with Robot Custom Tool & Molding Inc. in Huntington Beach, Calif., for four years. Robot Custom closed in August.
A brother, Chris Stadler, who ran the Robot toolroom, acquired Robot's mold-making equipment in early October and plans to locate that operation near C-Tech.
TRA, new medical unit getting settled
PLACENTIA, CALIF. - TRA Medical Inc. and parent TRA Manufacturing Inc. have invested about $1.5 million for infrastructure improvements and equipment at a new, 8,300-square-foot site in Placentia, two blocks from its old site.
James Pontillo, president and owner, authorized the January purchase of the building and subsequent construction and installation work leading to an early August start of operations.
TRA Manufacturing formed 10 years ago to make molds for injection molders and uses a 65-ton Toshiba hydraulic press for sampling.
Customer interest in medical molding and overmolding was a prime reason that TRA established the medical division and made the move. Since August, the business has acquired a 120-ton Toshiba hydraulic, a 28-ton Demag hydraulic and a 110-ton Van Dorn IntElect all-electric that is being outfitted with an attachment for optional silicone liquid injection molding.
TRA has completed a Class 100,000 clean room that has 12 high-efficiency, particulate air filters and laminar air flow.
The company employs seven and projects 2003 sales approaching $1.4 million. The firm targets work on electronic housings and connectors and commercial and aerospace parts, in addition to the medical field.
Pechiney purchases Chilean cap maker
PARIS - Pechiney International SA of Paris is moving its plastic and composite cap business into the wine-producing regions of Latin America.
The company's Pechiney Capsules subsidiary, with annual sales of 96 million euros ($105 million), has acquired Enocap SA, a cap maker in Santiago, Chile. Terms were not disclosed.
Pechiney Capsules has plants in France, California and Quebec. Enocap, founded in 1996, has annual sales of almost $3 million and claims about half the local market. Its plant in Santiago makes plastic and metal/plastic combination champagne caps and employs 40.
``We want to develop in South America, particularly in Chile, which ... is enjoying global growth in wine exports,'' said Bruno de Tremiolles, Pechiney Capsules' chairman and chief executive officer. Encap Chairman Nicolas Rodillo said the Chilean market is becoming more sophisticated and demand is growing for innovative packaging.
Kortec makes list of fast-growing firms
BEVERLY, MASS. - Kortec Inc., which makes PET preform coinjection systems, made Inc. Magazine's list of the 500 fastest-growing private companies in America.
Kortec placed 58th on the overall list - and first in the manufacturing category - thanks to five-year sales growth of 2,178 percent.
Making the list continues a string of honors for Kortec. In July, Ernst & Young LLP named Paul Swenson its New England Entrepreneur of the Year in the manufacturing category. Swenson, a founder of hot-runner maker Kona Corp., left Kona in 1995 and founded Kortec the following year.
Inc. Magazine said Kortec generated $28 million in 2002 sales and employed 34. A Kortec news release said the company now has 42 employees. Kortec is based in Beverly but is moving in January into a larger building in Ipswich, Mass.
John Kermet, vice president of marketing and sales, credited worldwide acceptance of Kortec's commercialization of coinjection molding to the plastics and packaging industries.
Patented multilayer technology allows processors to produce plastic bottles and containers with a longer shelf life economically, because the resulting package has 60 times the oxygen-barrier performance of a monolayer PET container, according to Kortec.