Hi-Tech expanding operation in Texas
CAMBRIDGE, MD. - Custom injection molder Hi-Tech Plastics Inc. is expanding its Mission, Texas, operation.
Hi-Tech is building a 42,000-square-foot addition to the 60,000-square-foot plant and expects construction to be done in early 2006. Hi-Tech, based in Cambridge, did not disclose the cost of the project.
The company also will install three injection presses with clamping forces of about 1,400-1,600 tons in Mission. The reconditioned presses, two resin silos and auxiliary equipment will be added to accommodate new business from an existing customer base as well as new clients.
New business in Mission includes building and construction components for undisclosed companies, said Hi-Tech marketing manager Erica Insley in a telephone interview. In a news release, Hi-Tech President and Chief Operating Officer Larry Garver said a customer is relocating work to the Reynosa, Mexico, area but he did not identify the customer.
Hi-Tech now runs 13 presses in Mission with clamping forces up to 1,900 tons. It originally set up the operation in 2003 to supply Black & Decker Corp., which was moving its assembly from Towson, Md., to Reynosa.
Earlier this year Hi-Tech consolidated in Cambridge, where it runs 14 presses with clamping forces of up to 1,900 tons.
Husky to go leaner amid flat '05 orders
BOLTON, ONTARIO - Husky Injection Molding Systems Ltd. barely notched a profit and reported flat orders in fiscal 2005, which ended July 31, as its new top executive, John Galt, said the company is pushing higher-margin products and cutting costs through global sourcing.
Galt said the Bolton-based maker of injection molding machines, robots and hot-runner systems has to become ``leaner and more efficient'' while management continues to invest in innovation and customer support.
``Excess manufacturing capacity, currency fluctuations and rapidly changing raw material prices continue to exert relentless pressure on our industry,'' Galt said in a Sept. 22 conference call to financial analysts. Earlier that day, Husky's board of directors made it official - naming the 45-year-old Galt as president and chief executive officer.
Galt replaces Robert Schad, 76, who founded Husky in 1953.
Husky reported 2005 sales of $860 million, up 11.5 percent from 2004, and profit of $2.1 million, down from $18.7 million.
HBPO venture opens 2nd Mexico facility
LIPPSTADT, GERMANY - HBPO GmbH, a Lippstadt joint venture that includes French molder Plastic Omnium, has opened a new plant in Hermosillo, Mexico, to make front-end modules for Ford Motor Co.
HBPO assembles complete modules using components made off-site by partner companies Plastic Omnium, lighting and electronics specialist Hella KG Hueck & Co. and Behr GmbH, which makes engine cooling systems. The 12,000-square-foot plant will assemble modules for the Ford Fusion, Mercury Milan and Lincoln Zephyr models made nearby.
The factory will employ 42, turning out 220,000 front-end modules annually. It is the second HBPO facility in Mexico; the venture's Puebla plant turns out systems for Volkswagen AG.
Storms affect two industry conferences
AKRON, OHIO - Hurricanes Katrina and Rita have affected a pair of plastics industry gatherings.
Flexpo 2005, organized by Chemical Market Resources Inc. of Houston, had been set for Sept. 21-23 in Galveston, Texas. The event was canceled and no new date was available at press time.
Applied Market Information LLC, a consulting firm in Wyomissing, Pa., has relocated Thermoplastic Concentrates 2006 from New Orleans to Phoenix. The event is set for Feb. 8-10.
Label maker CCL buys Inprint Systems
TORONTO - CCL Industries Inc. expanded its specialty labels business with the Sept. 15 acquisition of Inprint Systems Ltd. of Ashford, England. Inprint's technologies include Braille printing on plastic films. Toronto-based CCL paid about C$64 million (US$54 million) for Inprint, which recorded sales of about C$53 million (US$44.7 million) last year.