Gitto lays off workers at Mass. plant
LUNENBURG, MASS. - Compounder Gitto Global Corp. of Lunenburg laid off an unknown number of employees on Sept. 17.
Company officials could not be reached to confirm details of the layoff or reasons behind it. A dispatcher with the Lunenburg Police Department said Gitto Global officials requested security at the site the day the layoffs were announced. The department sent an officer to the site for several hours, but no incidents were reported, the dispatcher said.
The layoffs also were reported in the Sept. 23 edition of the Fitchburg (Mass.) Sentinel & Enterprise. The article quoted two Gitto Global employees who were laid off and said the firm had laid off ``many - if not most'' of its workforce.
AlphaGary Corp., a compounder in nearby Leominster, Mass., that competes with Gitto in some markets, has been contacted in the last week by former Gitto Global employees looking for work, said AlphaGary human resources manager Robert Cox.
``The [former Gitto Global] employees we've spoken with have said there was a layoff, but we haven't heard anything directly from the company,'' Cox said by telephone Sept. 24.
Gitto Global makes proprietary compounds based on PVC, polyethylene, polypropylene, thermoplastic olefins and other specialty resins. Officials previously had said the firm employs 90 and expects to post sales of at least $90 million in 2004.
First Choice relocates unit for expansion
ALPHARETTA, GA. - First Choice Packaging has relocated and renamed a recently purchased subsidiary to support the acquired firm's growth.
PKG Alliance Inc., renamed FCP Alliance Inc., moved from Atlanta to Alpharetta, effective Aug. 1, said First Choice President and owner Paul Tomick. The 37,000-square-foot, leased Alpharetta plant is about 40 percent bigger than the space PKG had in Atlanta. FCP Alliance has ordered a new thermoforming line and expects delivery by late October, Tomick said in a telephone interview. It now operates five, while First Choice runs four thermoforming machines at its Independence, Ohio, plant.
First Choice is a contract packaging specialist that bought PKG to expand geographically and to gain more know-how in combination runs where modular molds are run simultaneously to save on tooling costs. FCP Alliance will expand in contract packaging, one reason it moved to a bigger location, said FCP Vice President Garry Templeton. Templeton was the owner of PKG before selling a majority stake to Tomick early this year.
Tomick said First Choice's annual sales total between $17 million and $20 million. The firm employs about 165.
SPI moves up NPE 2006 dates one week
CHICAGO - NPE 2006 will be held one week earlier than previously announced.
The triennial plastics industry lovefest will be held June 19-23, 2006, at Chicago's McCormick Place, show officials announced Sept. 20. The new show dates will not overlap with Taste of Chicago, the annual two-week festival where the Windy City's best food and drink attracts 3 million people and results in certain streets being closed downtown.
Washington-based Society of the Plastics Industry Inc. expects 2,000 companies to exhibit at NPE, with one-third coming from outside the United States, according to a news release.
Jordan Morgenstern, SPI's vice president of trade shows, added that the show is expected to be part of the Department of Commerce's International Buyer program.
``In the IBP, commercial service representatives recruit and lead international visitor delegations and match potential buyers with appropriate exhibitors at the show,'' Morgenstern said.
Husky fiscal profit off, press orders up
BOLTON, ONTARIO - Husky Injection Molding Systems Ltd. said sales dipped and profit plunged last year; but, in a signal the machinery business is improving, Husky generated its third straight year of increased orders in fiscal 2004.
Husky leader Robert Schad was fairly upbeat about the rebounding U.S. market, thanks to a 14 percent increase in injection press orders coupled with capacity utilization nearing 85 percent - a level considered necessary for broad-based equipment spending. Press orders grew 8 percent in Europe.
Overall, 2004 orders rose 17.5 percent, to US$838.9 million, from $714 million in 2003. Husky reported profit plunged 60 percent, to $18.8 million, on sales of $773.7 million, down 5 percent from a year ago. The Bolton-based firm's fiscal year ended July 31.