Worker dies in accident at Ohio plant
Bingham Farms, Mich. - A Continental Structural Plastics Inc. employee died Aug. 16 in an apparent drill press accident at the company's newly acquired facility in North Baltimore, Ohio.
According to The Blade newspaper in Toledo, Ohio, Donald Lynch, 53, was repairing a drill press when he got caught in the machine. An ambulance physician pronounced Lynch dead at the scene, according to the report. Lynch had worked at the plant 33 years.
Jule Hovi, the area director for the Occupational Safety and Health Administration's Toledo office, said in an Aug. 18 telephone interview that the agency is investigating the fatality.
Bingham Farms-based Continental Structural Plastics is a fiberglass compression molder. The firm acquired the North Baltimore plant when it bought the Budd Plastics Division of ThyssenKrupp Automotive AG of Bochum, Germany, in a deal announced July 19. The acquisition also included plants in Carey and Van Wert, Ohio, as well as in Tijuana, Mexico.
Continental Structural Plastics officials could not be reached for comment.
Video Display buys Hobson Bros. assets
ATLANTA - Video monitor maker Video Display Corp. has acquired the assets of Hobson Bros. Inc. and will add its plastics and metal forming capabilities to its operations.
Hobson, a 60-year-old Chicago company, produces a variety of metal, rubber and plastic parts used by Atlanta-based VDC for its CRT, high-resolution projection systems and flat-panel displays. Bringing its production in-house allows VDC to ensure a steady supply of components, said Ron Ordway, VDC chief executive officer, in an Aug. 17 telephone interview.
One product is an injection molded anode lead used in CRT, he said. The part will be the first plastics processing for VDC, though the firm uses plastic made by a variety of suppliers.
The company is moving Hobson's equipment to existing VDC manufacturing space in Stone Mountain, Ga., and Ordway said it expects to hire one or two additional employees.
Hobson Bros. is not related to the now-defunct Hobson Mould Works of Shell Rock, Iowa.
Former Smurfit-Stone biz now Altivity
CHICAGO - Altivity Packaging LLC is the new name of a packaging business formerly owned by Smurfit-Stone Container Corp.
Altivity is a subsidiary of Texas Pacific Group, which acquired the business from Smurfit-Stone effective June 30. Chicago-based Altivity runs a plastic film and industrial bag plant in Brampton, Ontario; 39 consumer packaging converting operations in the United States that mainly convert paper; and four box board mills. Four of the consumer packaging converting plants also include some plastic film operations.
Texas Pacific of San Francisco paid about $1.04 billion for the business, which employs a total of 6,600.
Altivity officials declined requests for more information on the acquisition. Plastics News estimated the film-related plants included in the acquisition had 2004 sales of about $95 million.
``We are pleased to close the transaction and move forward with Texas Pacific Group as our partner as we seek to build on this company's strong track record of innovation and customer satisfaction,'' Altivity Chief Executive Officer John Riconosciuto said in a news release.
Texas Pacific's other plastics investments include film and sheet producer British Vita plc of Accrington, England, and block copolymer producer Kraton Polymers LLC of Houston.
KlÃ¶ckner still expanding Thai operation
Montabaur, Germany - KlÃ¶ckner Pentaplast GmbH of Montabaur announced Aug. 10 that it will expand its transverse-direction oriented shrink-label films and polyester production facility in Rayong, Thailand.
The site makes products for markets in Asia and is being expanded to serve the region, said President Joachim Kreuzburg.
In December, the firm announced a PVC calendaring epansion at the same location, which is starting this year.
The polyester expansion is set to start producing in December, and shrink film in January. Total cost of those expansions is $18.9 million.
KlÃ¶ckner claims to be the only firm in Asia capable of offering advanced stretching technology and of covering both polyester and vinyl static-control films for electronics packaging.
With more firms starting to produce higher-end pharmaceuticals and electronics and boosting capacity in Asia, KlÃ¶ckner Pentaplast hopes to raise its sales there. The capacity expansion will add 11 million pounds of shrink film and 13.2 million pounds of polyester film capacity to the market by next year.
KlÃ¶ckner sees more demand for shrink film used in full-body sleeve labels, promotion packs, multipacks, tamper-evident closures, capsules, and roll-fed and shrink wraparound labels. The polyester film production targets food and electronics packaging.
KlÃ¶ckner Pentaplast's 2005 sales exceeded $1.3 billion.