New Creganna site to house Screentech
GALWAY, IRELAND - Creganna Medical Devices has invested in a third building at its Galway headquarters site, a dedicated facility with molding capacity in a Class 8 clean room. The company also has purchased an additional press for overmolding.
The new plant will house the relocated operations of Screentech Ltd., a Bray, Ireland-based injection molder Creganna bought in November. Creganna is purchasing more new equipment to streamline its lean manufacturing initiatives as it continues the relocation project.
The company expects to complete the move by early 2008. Included in the move are Screentech's nine injection molding machines, with clamping forces of 1-125 metric tons, plus other equipment.
The new building in Galway is 52,000 square feet, according to a company spokeswoman.
Creganna originally planned to complete the move by September, but slowed the transition to accommodate key customers.
Meanwhile in the United States, Creganna is recruiting staff for its Marlborough, Mass., facility, which now employs 10.
Once the staff and experience are sufficient, Creganna plans to increase its Marlborough manufacturing capacity significantly beyond two existing lines that can produce prototype quantities of extruded and braided catheter tubing.
Creganna employs a total of 432.
Consulting firm Frost & Sullivan Inc. in October will present Creganna with its 2007 award for technology innovation for its minimally invasive surgical PoleVault hypotube, MicroFlex tube and Fusion Technology tube welding.
Bonset America Corp. to add PETG film line
BROWN SUMMIT, N.C. - Bonset America Corp. plans to increase its glycol-modified PET heat-shrinkable film capacity next year by 20 million pounds by adding a new line in a $16 million expansion of its Brown Summit plant.
The new line will more than double the firm's PETG capacity and will be commissioned by the third quarter of 2008, according to sales director Tom Kudo.
``The demand for PETG has increased very sharply from the beginning of this year,'' Kudo said in a telephone interview.
Bonset, which began U.S. operations in 1990, has 105 employees, and Kudo said the expansion could create 10 more jobs. The company is a subsidiary of C.I. Kasei Co. Ltd. of Tokyo.
Bonset America makes films designed for use in full-body shrink-sleeve labels, bundle packaging and tamper-evident applications. The new line will more than double the company's PETG capacity,
The firm created space for the line in a 2004 expansion.
Hoffmaster unit sale to pay down Solo debt
HIGHLAND PARK, ILL. - Solo Cup Co. of Highland Park, Ill., has sold its Hoffmaster business unit to an affiliate of Kohlberg & Co. LLC in Mount Kisco, N.Y., for $170 million.
Hoffmaster includes products like disposable tableware, specialty napkins, placemats and table covers. Though the transaction includes sites in Oshkosh and Appleton, Wis., neither facility has plastics processing operations, a Solo spokeswoman said in a Sept. 13 telephone interview. Plastic products sold through the Hoffmaster business are manufactured by a third party.
Selling the business will allow Solo to pay down debt, Solo Chief Executive Officer Robert Korzenski said in a news release.
``While the Hoffmaster business is strong, this divestiture allows us to reduce our overall debt burden and increase our focus and investment on improving performance and positioning the company for growth,'' Korzenski said.
The transaction is expected to close within 45 days.
Clariant, Sioen swap European businesses
MUTTENZ, SWITZERLAND - Clariant AG and Sioen Industries are trading a pair of plastics operations.
Clariant, based in Muttenz, Switzerland, will send its PVC pastes business to Ardooie, Belgium-based Sioen in return for Sioen's masterbatch concentrates unit, which had operated as European Masterbatches NV.
The transaction, which still needs regulatory approval, involves customer and product portfolios and some equipment, but does not affect any employees or property, officials said in a Sept. 3 news release.
``Both our companies saw their respective businesses as fitting better into the other's portfolio,'' Clariant's Thomas Bernhardt said in the release. Berhardt serves as head of Clariant Masterbatches' Europe West business unit.
Clariant's PVC pastes business is in St. Jeoire, France, while Sioen's concentrates production is in Bornem, Belgium.
Clariant makes color concentrates and compounds. The firm employs 21,500 worldwide and posted sales of 8.1 billion Swiss francs (US$6.7 billion) in 2006.
Sioen is a conglomerate that rang up sales of 339 million euros ($461 million) last year.