PN corrects 3 high-temp plastic prices
AKRON, OHIO - Plastics News is correcting prices for three high-temperature thermoplastics this week to reflect increases that have occurred since mid-2003.
Average per-pound selling prices for polyetheretherketone, polyetherimide and polyphenylene sulfide each rose during that period because of increased demand and higher raw material costs, spurred by price jumps for crude oil and natural gas.
PEEK prices have jumped about 35 percent and now stand at $45 per pound, according to buyers contacted recently. In PPS, prices have soared 75 percent, putting grades with 35 percent glass content or 30 percent filler content at $3.80 to $5.05.
PEI prices have climbed by about 50 percent and now range between $8 and $9 for general-purpose, injection molding grades, buyers said.
Graham takes full ownership of venture
YORK, PA. - Graham Packaging Co. LP now owns three blow molding plants in Mexico that had been part of its joint venture with Industrias Innopack SA de CV.
In 1999, the company entered into the partnership agreement with Innopack, a Guadalajara, Mexico-based maker of PET containers and preforms. The venture, called Graham Innopack de Mexico, makes plastic containers at three plants in Mexico. The containers are distributed in Mexico, the Caribbean and Central America, according to Graham's annual report.
In the deal, completed May 24, York-based Graham bought Innopack's 49 percent interest in the venture and now is sole owner of the manufacturing plants in Mexicali, Irapuato and Tlaxacala, Mexico. The purchase price was not disclosed.
Graham also has two other Mexican plants from last year's acquisition of the plastic container assets of Owens-Illinois Inc.
``We see Mexico as an important part of our North American market,'' Graham Executive Vice President Ashok Sudan said in a news release, adding that the company wants to grow its business in Mexico.
Qualipac moves U.S. factory to China
NEUILLY, FRANCE - French cosmetic-bottle maker Qualipac SA is shutting down manufacturing at its sole U.S. facility and moving production to China.
Qualipac will maintain product development and engineering in Wayne, N.J., said Philippe Leblois, vice president of operations for the U.S. arm, Qualipac America. About 45 workers will be laid off, but 15 designers and engineers will stay at the 52,000-square-foot site.
Qualipac will sell its injection and blow molding equipment in a June 9 public auction. Production will stop a few days before the auction, Leblois said.
Neuilly-based Qualipac opened the U.S. location 15 years ago. The site makes caps and bottles for cosmetics, including perfume holders, compacts and soap dishes.
The company started a production facility in Shanghai, China, about three years ago where it employs about 600 workers.
``We're doing more of our development in China, as well as at our sister company in France,'' Leblois said. ``Many of our customers are asking for better prices, and only China can give these kind of prices. And many of them have production in China because the trend is to go there.''
PlastiComp buys Pushtrusion use rights
WINONA, MINN. - PlastiComp LLC of Winona has purchased the rights to the Pushtrusion compounding technology from Woodshed Technologies Inc.
No purchase price was disclosed. PlastiComp had been marketing the technology for Winona-based Woodshed since 2003 and uses it to make commercial-grade pellets.
Pushtrusion technology provides in-line compounding of glass-fiber-reinforced materials. The process can pull glass fiber from supply creels at rates as high as 600 feet per minute.
PlastiComp has a 15,000-square-foot technical center in Winona. The center includes a long-fiber pellet extrusion line and a 300-ton injection molding machine for customer mold trials and qualification. PlastiComp will add pellet production capacity this year, said Chief Executive Officer Steve Bowen.
To date, most of PlastiComp's pellet production has been based on polypropylene, nylon and ABS. The firm also is working on incorporating polycarbonate, polybutylene terephthalate and other resins, said Bowen.