Preferred, KLG form tool-repair alliance
SHELL ROCK, IOWA - Preferred Tooling LLC has struck an alliance with another maker of blow molds, KLG Molds Inc., to collaborate on tool repairs and technology.
The Feb. 16 agreement will allow KLG Molds of Orangeville, Ontario, to have its extrusion blow molds serviced at Preferred's Shell Rock facility. The arrangement will allow KLG to penetrate the U.S. market, said Preferred President Gerald Hobson.
Preferred, which makes molds for blow molding and thermoforming, also will provide KLG with specialized mechanisms for in-mold guillotine and deflashing to reduce the labor costs of trimming.
KLG and Preferred both are small and can benefit by working together, Hobson said. ``With the Canadian dollar continuing to be low, we can blend our bucks to give customers a little better economic advantage,'' he said.
Mold-Tech opening ts 1st Mexico plant
FRASER, MICH. - Mold-Tech, a mold-texturing and mold-coating company, has opened its first facility in Mexico as part of its aggressive global development.
The Fraser-based firm, launched a 5,000-square-foot plant in Queretaro, Mexico, in late January with six employees, said spokeswoman Deborah Boudreau. The plant will offer mold-texturing services and on-site repair work.
The facility, Mold-Tech's first in Latin America, also will provide the firm's Tribocoat mold-coating service by April, Boudreau said. The service provides mold lubrication and protection from wear.
Mold-Tech, a division of Standex International Corp. of Salem, N.H., now has 23 locations worldwide. The Mexico facility is being operated as Mold-Tech Latino America SA de CV.
Henschel gains from Chinese firm's growth
KASSEL, GERMANY - Henschel Industrietechnik GmbH is the latest machinery company to benefit from the aggressive expansion of profile extruder Dalian Shide Plastic Industry Co. Ltd.
Henschel, a maker of PVC mixers based in Kassel, signed its largest contract to date with Dalian Shide, a window and door lineals maker in China. Officials said Henschel's mixing systems division will supply 26 mixer combinations, with a plan to deliver the systems now through July.
According to Henschel, the equipment will be supplied in China to sites in Chengdu, Dalian and Shanghai. Each of the mixer combinations will provide a mixing capacity of 48 million pounds per year, officials said.
Last October, extruder firms Krauss-Maffei Kunststofftechnik GmbH and Cincinnati Extrusion GmbH announced details of their contract with Dalian Shide, with Krauss-Maffei supplying 240 extruders and Cincinnati Extrusion providing 165 lines.
According to previous reports, Dalian Shide's expansion plans include building 11 plants across China, with the ability to process about 1.6 billion pounds of PVC annually.
The firm is adding two profile extrusion plants in Dalian, four in Zhuhai, one in Chengdu, and four in Shanghai.
Vitrolite, Vitrocoat go public through Star
SANTA ANA, CALIF. - Developers of markets for plastics viscosity modifier Vitrolite and paint and coating color enhancer Vitrocoat have gone public through a transaction with a company traded on an over-the-counter bulletin board.
Publicly traded Star Computing Ltd. of Sunset Beach, Calif., acquired the business operating as VitroTech Corp. and its subsidiary, VitroCo Materials LLC.
Jess Rae Booth, president and chief executive officer of Santa Ana-based VitroTech and now head of Star, said the new status as a public company will help the firm make investments.
After the closing, Hi-Tech and VitroTech stockholders collectively held about 85.7 percent of Star's common stock. Booth was appointed Star president and director.