Winpak Ltd. to close film plant in Toronto
TORONTO - Winpak Ltd. will close its Toronto plant and sell the building within six months, now that it has sold the printed paper bag business based there. The firm will move film laminate production to its Winnipeg, Manitoba, plant, and relocate foil laminates to Montreal, according to Winpak Chief Financial Officer Murray Johnston.
All plastics-related machinery will be moved out during the next few months, Johnston said.
The operations are moving because the Toronto plant is not integrated with film and other materials operations, Johnston said in a telephone interview. Winnipeg and Montreal have film extrusion and other equipment that fit with laminates and foil production.
Winpak recently sold its Color Ad Packaging Ltd. assets, which it considers nonstrategic.
Universal Forest eyes capacity expansion
GRAND RAPIDS, MICH. - Wood- composite extruder Universal Forest Products Inc. of Grand Rapids plans to expand capacity in 2006 to meet demand for its deck and railing products.
``We're probably over capacity,'' Bill Currie, vice chairman and chief executive officer, said during a July 12 conference call announcing second-quarter results.
Currie said the firm initially may add a shift, then make necessary capital expenditures in 2006.
The firm extrudes decking profiles from a mix of virgin high density polyethylene and wood flour at plants in Prairie du Chien, Wis., and Springfield, Ill. Its decking products are marketed as Latitudes and it also extrudes Veranda decking that is sold through Home Depot Stores Inc.
Publicly held Universal reported sales of $779.6 million for its second quarter, an increase of 5 percent over the same period in 2004. Its sales so far in 2005 have increased 9 percent over the first six months of 2004, officials said, reaching $1.32 billion.
Pipe producer Tigre to grow in Americas
Joinville, Brazil - Leading South American plastic pipe molder Tubos e ConexÃµes Tigre Ltda. is considering expansions in Mexico, Colombia and the United States.
The Joinville-based manufacturer of PVC and polyethylene construction products just centralized its operations in Chile by opening an $8 million production plant in Santiago. The company formerly had four separate plants in Chile.
The new facility also boosts Tigre's capacity in Chile by 25 percent, to 55 million pounds per year, according to Vice President Evaldo Dreher. Tigre claims a 40 percent share of the Chilean plastic pipe market.
Dreher forecasts growth of 5-7 percent in 2005, and said the company is looking for more growth opportunities.
Tigre's position in Chile dates back to 1997, when it bought Fanaplas SA, giving the Brazilian company a 15 percent share of the Chilean plastic pipe market. Tigre only extruded PVC pipe and PE and PVC hose at that time.
Two years later, Tigre bought three other Chilean businesses, Plastica Veintiuno SA, Industrias Saladillo SA and Reifox, expanding its product mix to include water and sewage system fittings.
Today, Tigre has annual sales in Chile of $40 million. The group has other South American manufacturing in Bolivia, Paraguay, and Argentina.
With annual sales of around $600 million, the Tigre group is evaluating investment possibilities in Colombia, Mexico and the United States, Dreher said. His company also plans to increase exports around the world. In the Middle East, the group has established a distribution warehouse to supply customers in Iran, Iraq and Saudi Arabia, Dreher said.