Nypro preps HQ site to add clean rooms
CLINTON, MASS. - Nypro Inc. is taking steps to improve the infrastructure around its Clinton headquarters to prepare for a $15 million refurbishing project that will include adding two new clean rooms at the site.
``We are beginning a five-year development plan and this is a move to address some concerns,'' spokesman Al Cotton said in a telephone interview.
Cotton said Nypro asked the town to replace an old public drainage pipe that runs beneath the firm's 160-year-old headquarters building before the renovations start. Nypro recently gained approval to apply for a $665,000 state grant that would be used to replace the drainage pipe and expand parking.
``We want to make sure that the drainage is solid before we put a couple of clean rooms on top of it,'' Cotton said.
In the grant application, Nypro said the changes could lead to 100 new jobs in the next five years. Current customers have some big projects coming up, Cotton said, and that's why Nypro wants to add clean room space.
Nypro and its affiliates employ more than 900 in Clinton. The company expects $1.2 billion in sales for its fiscal year ending in June.
WMI recycling plant shuts, one for sale
HOUSTON - Waste Management Recycle America LLC still is looking to sell its last remaining plastics recycling plant, in Raleigh, N.C., a spokesman said.
The firm's other plastics plant, in Chicago, was closed in the fourth quarter of 2006. Public affairs manager Richard Abramowitz said Chicago plant equipment was sold, but the closing did not affect the firm's overall plastics reprocessing abilities.
Itec Environmental Group of Riverbank, Calif. - now ECO2 Plastics - had said a year ago that it had struck a deal to buy the two plants, but that deal did not take place.
The 4-year-old Raleigh plant is considered state-of-the-art, as was the Chicago site, which operated for only about 18 months.
Houston-based WMRA collected and sorted 464 million pounds of plastics in 2006. It will continue to handle and sort plastics, but will not reprocess them if the Raleigh site is sold.
Parent Waste Management Inc. also is based in Houston.
Dubai investment firm buying Mauser
BRÜHL, GERMANY - Mauser AG, which grew quickly in North America by gobbling up the Russell-Stanley and Hoover plastics operations, will get a new owner itself.
Dubai-based investment firm Dubai International Capital LLC will pay 850 million euros ($1.15 billion) to buy Mauser, a major producer of plastic and steel industrial drums and intermediate bulk containers based in Bruhl. The seller is One Equity Partners, the investment arm of J.P. Morgan Chase & Co. Inc. Mauser expects 2007 sales of around 1 billion euros ($1.4 billion) and employs 3,700 making industrial packaging at 50 locations worldwide. Plastic is the biggest piece of the company.
Mauser will continue its growth strategy, especially into Asia, the firm said May 3 in announcing the deal. Also, at the end of last year, Mauser entered Latin America by purchasing Metalúrgica Barra do Piraí SA of Barra do Piraí, Brazil.
In North America, Mauser has 11 U.S. blow molding plants and one in Canada. Mauser Corp. in Bridgewater, N.J., had 2005 sales of $260 million. Mauser acquired Hoover Materials Handling Group in 2003 and Russell-Stanley Holdings Inc. in 2005.
EDI opens sales, service outfit in China
Chippewa Falls, Wis. - Flat-die maker Extrusion Dies Industries LLC has opened an operation in Shanghai - its first in China - to provide technical support, rework service and spare parts.
Chippewa Falls-based EDI will introduce the new firm, EDI Precision Dies (Shanghai) Co. Ltd., at the Chinaplas trade show, May 21-24 in Guangzhou.
The 10,760-square-foot building is about 15 miles from downtown Shanghai. The general manager, Jason Q. Yin, is a native of China with engineering experience in China and North America. He supervises a staff of 10 people.
EDI has sold dies for extrusion and extrusion coating for many years through its agent in China, Kodama Chemical Industry Co. Ltd., based in Tokyo. EDI Precision Dies (Shanghai) will provide sales support for Kodama.
The new firm is a wholly owned EDI subsidiary.