PN corrects prices for nylon, ABS resins
AKRON, OHIO - Plastics News is correcting prices for nylon and ABS resins to reflect changes that have happened in those markets since late 2005.
Pricing changes for both materials have resulted from swings in costs for benzene and other chemical feedstocks. The net change in nylon amounts to a downward move of 13 cents per pound since late 2005, while in ABS the net change is a downward move of 2 cents per pound.
The nylon correction incorporates price decreases occurring in summer 2006 and spring 2007, as well as in the first half of 2006 and winter 2006-07. North American nylon demand in 2006 was virtually flat vs. 2005 at about 1.3 billion pounds, according to the American Chemistry Council in Arlington, Va.
In ABS, prices rose in the summer of 2006 before falling the following winter, according to sources. North American ABS demand rose 2.5 percent in 2006 to almost 1.3 billion pounds, according to ACC. ABS growth for 2006 was highest in the consumer and institutional goods market, where sales soared almost 49 percent.
The pricing changes are reflected on this week's Plastics News resin pricing chart.
Rotomolder N.E.O. files for Chapter 11
AUSTINBURG, OHIO - N.E.O. Plastics Inc., a 10-year-old rotational molding company in Austinburg, is reorganizing under Chapter 11 bankruptcy.
In court documents, owner and President Jeffrey Dunne said the Chapter 11 reorganization is necessary ``in light of the financial plight the corporation finds itself in.''
Dunne did not return telephone calls seeking comment. But a company spokesman said N.E.O. Plastics continues to operate.
Dunne started N.E.O. Plastics in 1997 in a 25,000-square-foot facility. N.E.O. Plastics filed its voluntary petition for Chapter 11 on Feb. 12 in U.S. Bankruptcy Court in Youngstown, Ohio.
Ampac buys Sealed Air security bags
CINCINNATI - Cincinnati-based Ampac Packaging LLC has picked up the security-bag production assets of Sealed Air Corp. of Elmwood Park, N.J. Terms were not disclosed.
The April 16 announcement means Sealed Air's facility in Kent, Wash., has been shuttered and the equipment relocated to Ampac's Cincinnati plant. Ampac will continue to operate a facility in Melbourn, England, Ampac spokeswoman Lisa Fey said in an April 19 telephone interview.
Sep Italiano will lead the United Kingdom operation as managing director. Gary Gaugl now is national sales manager of the U.S. business unit, Ampac said.
Eric Burrell, Sealed Air's spokesman, said in an April 18 telephone interview the move is in line with Sealed Air's focus on growth areas more within its core markets.
Oregon bill would ban phthalates in toys
SALEM, ORE. - The San Francisco ban on children's products containing phthalates is on hold for at least l8 months. But now Oregon has joined the debate over the safety of such products.
A bill introduced by Sen. Margaret Carter, D-Portland, would ban the sale of toys and other products containing a measurable amount of phthalates if the products are for use by children under the age of 5. The measure, S944, had its first hearing April 18 in the Oregon Senate Committee on Health Policy and Public Affairs.
No additional hearings have been scheduled yet on S944, or a companion bill, S945, that would create a task force to study the effects on health of cosmetic products that contain phthalates.
ColorMatrix purchases Swiss company
BEREA, OHIO - Liquid color maker ColorMatrix Group of Berea has grown its European business by acquiring Colorant-Chromatics Group of Cham, Switzerland.
Colorant-Chromatics produces color concentrates and high-performance polymer compounds based on fluoropolymers.
No purchase price was disclosed in the deal. ColorMatrix operates five production sites worldwide and has annual sales of more than $100 million. The firm is owned in part by Audax Group, a Boston-based investment company.
Colorant-Chromatics operates plants in Bethel, Conn.; Aland, Finland; and Shanghai.