JCI to shut plants, cut auto interiors jobs
GLENDALE, WIS. - Johnson Controls Inc. will cut 2,200 jobs from its auto interiors business unit and 5,000 jobs worldwide from throughout all operations as part of a restructuring plan.
The Glendale-based company also will close 16 plants - 10 of them in the North American interiors group.
JCI, with an auto group based in Plymouth, Mich., announced the cuts in an Aug. 9 filing with the Securities and Exchange Commission. The company already had disclosed some previous plans.
The 2006 restructuring includes three interiors plant closings in Europe, one interiors unit in Asia and one each in the Asian and European building efficiencies group. It expects to complete the restructuring within 12 months.
JCI previously had announced that it planned to stop molding noncore plastics, instead concentrating its in-house production on proprietary parts such as its CrafTec interior parts and door panels. That decision alone will cut 500 JCI jobs, with the work going to outside molders.
The company's interiors unit posted $14.2 billion in sales through the first nine months of its 2006 fiscal year, nearly equal with the same period in 2005. In its SEC filing, the firm said it expects interior sales for the year to be 4 percent lower than in 2005 because of lower production of key vehicles.
JCI executives also noted expected a lower operating margin for the year, in part because of higher commodity costs.
JNL Holdings buys Florida plastics firm
MIAMI LAKES, FLA. - Industrial Plastic Products Inc., a Miami Lakes injection molder and extruder, is under new ownership.
Depend-O Drain Inc. owner JNL Holdings of Bradenton, Fla., bought IPP's assets June 12, according to Kent Radovich, president of JNL and Depend-O Drain.
George and Veronica Thorne, who ran the company for the 36 years, have retired.
Radovich said in a telephone interview that IPP will continue to operate as a separate entity. The company offers some unique processes, such as unit cavity molding, he said.
IPP employs about 40 in a 35,000-square-foot plant. A key product line is extruded furniture components, Radovich said.
Both IPP and Depend-O Drain do injection molding, and there will be some integration, he said. He added that he plans to build on IPP's product line and introduce more automation where applicable.
Depend-O Drain operates in a 28,000-square-foot facility in Bradenton and makes drain products, including drain valves for dairy equipment manufacturers and commercial laundries.
Radovich said the acquisition is JNL's second, and the company is interested in acquiring more proprietary product lines.
Anderson expands to merge operations
GRAND HAVEN, MICH, - Anderson Technologies is more than doubling the size of its Grand Haven facility, providing space to unite its injection molding and tooling operations in one building and to add presses in the future.
The molder, formerly called Holland Plastics Corp., operates 29 presses with 90-800 tons of clamping force in its 40,000-square-foot plant. Its Mold Works Division tooling unit has been in a separate site in Holland, Mich., but will move into the 42,000-square-foot addition in Grand Haven within the next two months, said Dan Luckey, Anderson's business development program manager, in an Aug. 8 phone interview.
The firm expects to buy more presses soon, but their number and size hinge on when Anderson books future business.
Anderson molds parts for point-of-purchase sales, the automotive industry, office furniture and consumer products.
Engineered Plastic equipment being sold
YPSILANTI, MICH. - Auctions are set for Sept. 12-14 for the equipment once used by injection molder Engineered Plastic Products Inc. at its plants in Ohio and Michigan.
The Ypsilanti-based auto supplier closed June 30 after a failed attempt to restructure operations through a Chapter 11 bankruptcy filing.
Cincinnati Industrial Auctioneers will sell all the presses and auxiliary equipment, starting with the holdings at EPP's Lima, Ohio, plant Sept. 12, to be followed by Ypsilanti on Sept. 13, and its Owosso, Mich., site Sept. 14.The holdings include 51 presses spread between the three sites, some less than 2 years old.