Nickelson gets new name, owner, plant
OSCEOLA, WIS. - PVC dip molder and coater Nickelson Plastics Inc. has emerged from Chapter 11 bankruptcy protection with a new plant, new ownership and a new name, Xccent Inc.
The company has restructured operations since filing in July for protection from creditors, President and Chief Executive Officer John Mathiesen said Feb. 27. Mathiesen took sole ownership in the Osceola-based company and proceeded with plans to shift some work to a new facility.
Xccent has opened a 30,000-square-foot plant in Fort Payne, Ala., primarily to perform vinyl coating for GameTime, a subsidiary of outdoor recreational equipment maker PlayCore Inc., Mathiesen said. The plant will coat decks, steps and stairs and mold vinyl cladding for steel panels used at playgrounds, he said.
About 15 workers have been hired in Fort Payne, Mathiesen said. The company also operates an 80,000-square-foot plant in Osceola.
The company has closed a 20,000-square-foot facility in Johnson City, Tenn. The new Fort Payne plant allows room to grow the business with other customers, Mathiesen said. The company invested about $1.2 million in equipment and special features at the new plant, he added.
The company emerged from bankruptcy protection on Dec. 16.
Braskem expanding PVC resin capacity
SAO PAULO, BRAZIL - Braskem SA of Sao Paulo has announced a 110 million-pound-per-year expansion in its PVC resin capacity. The 90 million-real investment ($30.7 million) will be directed to Braskem's plant in Macei¢, Brazil, and will be finished by mid-2005.
The expansion will increase Braskem's PVC capacity in Brazil from 1.05 billion pounds to 1.16 billion pounds per year. Besides the Macei¢ plant, the company produces PVC resins in Sao Paulo and Camaari.
According to a news release, the investment is part of a three-stage expansion program through which Braskem intends to raise its annual PVC capacity to 1.38 billion pounds.
Braskem also is increasing its polypropylene production capacity in Triunfo, Brazil, with a 20 million-real investment ($6.8 million).
This expansion, which was started in 2003 and is scheduled to conclude this year, should provide an additional PP supply of 220 million-pounds, which represents 20 percent of the company's total annual PP resin output.