Decoma closing German painting unit
CONCORD, ONTARIO - Decoma International Inc. will close down painting operations at one of its German facilities, cutting 250 of the estimated 600 jobs at the Decoform plant in Sulzbach.
Newer paint lines at another Decoma facility in Sulzbach and in Genk, Belgium, will take over the work, eliminating the potential for ``significant future capital expenditures'' at the site, the Concord-based auto supplier announced Dec. 10.
Molding and assembly of other external automotive parts will continue at Decoform, the company said.
PN adjusts PET bottle resin, PS prices
AKRON, OHIO - Plastics News is correcting prices shown on its resin pricing chart for PET bottle resin and solid polystyrene to reflect price erosion that occurred between late 2002 and late 2003.
Prices for both materials are being adjusted downward by 6 cents per pound. These changes reflect historical corrections and do not indicate recent market activity.
After the correction, average per-pound selling prices for PET bottle resin on the Plastics News pricing chart are between 62 cents and 64 cents. Corrected per-pound selling prices for injection molding grades of high-impact PS are between 57 cents and 59 cents.
The corrections do not affect prices for amorphous and crystalline PET or expanded PS.
Regal negotiating with potential buyer
OWOSSO, MICH. - Injection molder Regal Plastics Co. is in talks with a potential buyer, aiming to have a new owner early in 2004.
The Owosso-based automotive supplier has been in talks for a few months, said spokesman Shaun Wilson during a Dec. 22 telephone interview.
``We're pretty confident there'll be a deal soon,'' he said.
The company is part of William Pickard's group of holdings. Pickard also is a partner in blow molder Vitec LLC of Detroit. The negotiations involve only Regal's operations, Wilson said.
The 300-employee firm has 33 presses, with clamping forces starting at 130 tons.
Regal has invested in new equipment, including the addition of a 1,550-ton all-electric press in 2002. The company molds a variety of parts, including grille openings for General Motors Corp.'s Saturn vehicles.
The company has received multiple awards from GM, including notice as a supplier of the year for six straight years. Production is continuing, with the talks focused on retaining work for the business, Wilson said.
Officials would not discuss reasons for the talks or the potential buyer.
Consolidated Metco adding to N.C. site
BRYSON CITY, N.C. - Consolidated Metco Inc. has launched a $13 million expansion to its plastics operations in Bryson City, which includes both new equipment and increased floor space.
The injection molding operation will add 95,000 square feet of manufacturing space and 15 new presses as well as another 70 employees to the existing 256 on-site, said Steve Norman, vice president of operations for Consolidated Metco's plastic division.
Business is picking up again for the commercial truck industry after some lean years, with new business booked throughout 2004 for the firm, officials said in a Dec. 18 announcement.
The company makes interior components for the truck market, including dash panels, interior trim, door panels and sleeper cabinets.
The firm will add 13 Toshiba Machine Co. America presses, ranging in size from 250-2,750 tons, and two Krauss-Maffei Corp. reaction injection units, Norman said. Once completed, the plant will have 42 presses.
Consolidated Metco also has a molding operation in Cashiers, N.C., where it added 12 employees in 2003 and expects to add 15 more to its base of 120 workers through the next six months.