Vinyltech increasing PVC pipe capacity
PHOENIX - Phoenix-based Vinyltech Corp. is adding two new extrusion lines at its large-diameter pipe-making facility in an expansion that will increase its PVC pipe production by 40 percent, the company said Nov. 18.
Vinyltech also is adding a new blending system.
The company did not disclose the cost of the expansion. Vinyltech officials did not return phone calls seeking comment.
According to a news release, construction will begin in early 2006 and the machines will be operational in about a year.
Vinyltech is owned by Fargo, N.D.-based Otter Tail Corp. According to Otter Tail's 2004 annual report, Vinyltech reached maximum output levels last year. Vinyltech had daily average production of 285,000 pounds of pipe and shipped 290 truckloads each month.
Significant population growth in the Southwest is causing strong demand for Vinyltech's products, and its 2004 production output and sales were the highest in the firm's 22-year history.
Md. firm buys top Value Plastics stake
BETHESDA, MD. - American Capital Strategies Ltd. has acquired a controlling interest in specialty plastic fittings manufacturer Value Plastics Inc. of Fort Collins, Colo.
Value Plastics molds disposable fluid connectors, barbed luer fittings, blood-pressure components and related products for medical, biological and instrumentation applications. The firm, founded in 1968, makes more than 2,800 stock items.
American Capital of Bethesda said Nov. 21 that it helped in the recapitalization of Value Plastics. Its investment in Value Plastics comprises loans, debt and equity. It did not disclose terms of its majority stake. Value Plastics' management maintains a significant ownership interest.
American Capital Vice President and Value Plastics Chairman Kimberly Reed said Value Plastics' outlook is good given an aging population and growth in medical treatments. As well, equipment manufacturers increasingly are outsourcing connectors, she said in a news release.
GM shutting down Saturn line in Tenn.
DETROIT - General Motors Corp. will shut down one of its production lines making Saturn cars at its Spring Hill, Tenn., assembly plant as part of a production shake-up, but the site's injection molding operations will not be affected - at least for now.
The Detroit-based automaker announced a series of steps Nov. 21 that will close some facilities completely and reduce production at others as it moves to drop its production capacity by 1 million vehicles by the end of 2008.
The shutdowns, in addition to other moves previously announced, will cut GM's manufacturing workforce by 30,000 during the next three years.
The announcement takes in plans to shut down a line at Spring Hill at the end of 2006, which covers some of the production for the Saturn Vue sport utility vehicle and Ion small car.
Spring Hill houses 36 injection molding presses that turn out bumper fascia and body panels for Saturn. That production is not part of the line that is closing, said GM spokesman Stefan Weinmann, but the company is not making any promises that other decisions in the future will spare the plastics operations.
Main Tape closing Wisconsin facility
CRANBURY, N.J. - Main Tape Co. plans to close its Plymouth, Wis., plant Jan. 6, the firm told Wisconsin's Department of Workforce Development.
The company produces protective plastic films and tapes for automotive, consumer electronics, aerospace and other industries. Its substrates include polyethylene, polypropylene, polyester and paper. A significant portion of its sales are to Asian consumer electronics firms, according to the Web site of Morley Interactive, a marketing firm that designed Main Tape's Web site. Main Tape lists sales representatives in South Korea, Taiwan and Japan.
Main Tape, founded in 1987, employs 58 in Plymouth. Work from that site will be relocated to Main Tape's head office plant in Cranbury.
Jim Gordon, vice president of sales and marketing, said the consolidation will help the company compete in a tough market. Main Tape buys plastic films to convert into its products.