Perfect Choice owners seeking buyer
EVANSVILLE, IND. - The owners of thermoformer Perfect Choice Products are seeking a buyer.
John and Carolyn Moisson have owned the specialty siding and accessories maker for two years, since buying it from bankrupt American Sheet Extrusion Corp. The firm is based in a leased site in Evansville, where it makes decorative siding, shutters and side-wall accessories for the residential construction market.
``Personally, we've never been involved in manufacturing, so this was a new entree for us in trying to understand the dynamics of manufacturing,'' said John Moisson in a recent telephone interview. ``We've worked really hard the past two years trying to get it turned around. I want to go back and focus on my plastics [resin] distribution business.''
Moisson owns thermoplastics distributor Jamplast Inc. of Ellisville, Mo., which began operations in 1994. To sell Perfect Choice, officials are looking for a competitor or a custom thermoformer seeking to grow.
``We're under $10 million in sales. There are two ways to make the business profitable: sell it to a competitor or sell it to another thermoformer that already has the infrastructure built in. This could easily position them in the building and construction market,'' he said.
Perfect Choice operates in 16,000 square feet of space with four production lines and 16 employees.
Perlos planning molding site in Mexico
NURMIJÃRVI, FINLAND - Perlos Oyj plans to launch a new plant to mold and assemble telecommunications components next year near Reynosa, Mexico.
The NurmijÃ¤rvi-based injection molder, which already runs production facilities in Fort Worth, Texas, and Manaus, Brazil, said it is investing 14 million euros ($17 million) in the 162,000-square-foot Mexican plant.
The facility is scheduled to start production in the summer, initially to serve existing customers, including Nokia Oy. Perlos hopes to attract other clients in northern Mexico.
``The Reynosa plant is necessary because of the growth of the American market. Our primary aim is to guarantee quick deliveries to our customers,'' President Isto Hantila said in a news release.
Perlos wants to tap the rapid growth expected in mobile phones in emerging markets such as Latin America, said Jari Laaninen, vice president of investor relations.
The plant will employ 500.
Laaninen, who declined to give details about equipment, stressed that the company will not shift work from Fort Worth to Reynosa.
JK Molds invests $3 million in upgrades
UPLAND, CALIF. - California toolmaker JK Molds Inc. has invested more than $3 million to upgrade its equipment, and has boosted employment while expanding offerings to a wider variety of customers.
``Being competitive in today's marketplace requires taking the labor out of mold manufacturing,'' said Gregg Eastwood, president of the Upland-based company. ``We're changing directions by automating much of our work and running lights-out on second and third shifts.''
JK Molds' investment includes a new computer numerically controlled hole popper electric discharge machine to feed a CNC wire EDM via a robot, bypassing the need for a manual change, managing partner Jason Van Noy said in a Sept. 13 telephone interview.
The higher degree of automation allows the company to seek work outside its traditional customer base as a mold maker for medical devices. Lower labor costs make JK more competitive in industries such as irrigation, packaging and consumer products, Van Noy said.
UPM adds five Husky Hylectric presses
BALDWIN PARK, CALIF. - Injection molder UPM Inc. has invested about $3 million for equipment to fulfill customer requirements, said Wayne Oxford, chief executive officer.
UPM has added five Husky Hylectric injection molding presses - two with clamping forces of 1,100 tons and three with 880 tons - for fully automated manufacturing cells. The cells will make agricultural packaging for a European customer. The configurations include Husky dual inline robots.
Also, the company acquired two 330-ton Milacron Roboshot all-electric presses for an automotive application.
With the additions, UPM has 32 presses of 265-2,000 tons.
The investment included an overhead crane and two Thermal Care Inc. chillers with turbine-operated Turbocor-brand compressors.
UPM employs 190 in a 100,000-square-foot facility. The firm anticipates sales of about $25 million for the fiscal year ending Sept. 30.