Chant purchases assets of Hull/Finmac
Chant Engineering Co. Inc., a family-owned company that makes testing and automation systems in New Britain has entered the plastics machinery business by purchasing the assets of the Hull/Finmac Division of Hull Corp.
Hull/Finmac, now called Hull Industries Inc., makes injection and compression molding presses, transfer molding machines, deflashing equipment and encapsulation presses used by the semiconductor industry.
Sales manager Ken Haywood said the Hull/Finmac plant in Warminster, Pa., has closed and production has been moved to Chant's factory. Warminster is about 10 miles from New Britain.
Chant has retained about six key people from Hull, he said.
Terms of the deal were not disclosed.
Founded in 1970, Chant Engineering makes equipment for tensile testing, compression testing, tire testing and torque testing. Some other types of Chant devices are pretty exotic, such as machines that simulate the effect of vibration on products hauled in trucks. Another machine simulates the force of a hurricane on building products like windows and doors.
ReifenhÃ¤user setting up plant in China
TROISDORF, GERMANY - German extruder maker ReifenhÃ¤user GmbH is the latest machinery firm to set up a factory in China.
Construction should be completed in April on a plant in Suzhou, China. At first, ReifenhÃ¤user will build three-layer blown film lines there. The company will display the first Chinese-made line at Chinaplas 2004 in Shanghai.
Troisdorf-based ReifenhÃ¤user said building blown film lines in China puts production closer to Asian customers. The company said its Chinese-made machines will be cheaper to make than German-made lines, but will have the same level of quality.
Texas sister firms win expansion grant
ODESSA, TEXAS - Texas plastics regrind and recycling specialists Orrex Plastics and Orion Pacific are launching an expansion with help from a grant from Odessa Development Corp.
The Odessa-based companies will receive $425,000 toward a $4 million expansion, said officials with the economic development group.
The new research and development operation for the sister companies and a 50,000-square-foot expansion for Orrex will add 18 jobs and help retain 50 others.
New Granite owners eye more markets
LONDONDERRY, N.H. - Granite State Plastics Inc. is under new ownership.
President John Callanan and Vice President Bob Thaler Jr. now own the Londonderry-based custom injection molder. Thaler's father, Bob Thaler Sr., had operated the business since 1969. He now is retired.
``I like the opportunities that are out there for growing this business. This business has a very nice base,'' Callanan said in a recent telephone interview.
Callanan said he, Thaler and an undisclosed financial partner plan to expand the firm, which currently operates out of one facility with 14 presses and 36 employees. Callanan would not disclose expansion details.
``This is a medium-sized business [that] has grown every year for the last six years. We're going to grow the business and we are looking at other markets.''
The firm historically has served automotive, electronics, sporting goods, military and consumer goods markets.
Westlake gets rights for future growth
HOUSTON - Westlake Polymers LP of Houston has purchased expansion rights for its high and linear low density polyethylene plant in Lake Charles, La., from BP Chemicals.
But Westlake PE Vice President Jeff Taylor said his firm ``has no plans for a major expansion'' at the site.
The rights will allow Westlake to increase annual HDPE/LLDPE capacity in Lake Charles by almost 90 million pounds, to almost 575 million, perhaps by streamlining.
Westlake needed to acquire expansion rights from BP because production at the site is based on BP's Innovene-brand catalyst technology.