JV plant will make fiberglass products
ALABUGA, RUSSIA A joint venture between Germany's Preiss-Daimler Group and Russian oil and gas producer OAO Tatneft is constructing a fiberglass products plant in the special economic zone of Alabuga.
The 60 million euro ($94 million) project will launch a facility capable of turning out up to 45.6 million pounds of material and products per year.
P-D Glasseiden GmbH of Oschatz, Germany, will provide technology for manufacturing fireproof and other fiberglass-based products.
The venture will be near major petrochemical, automotive and other industrial enterprises, Almetyevsk, Russia-based Tatneft said in a news release. The plant also will be close to the region's transport infrastructure.
The joint venture, P-D Tatneft Alabuga Steklovolokno, aims to serve Russian markets including construction, automotive, shipbuilding and electrical.
Wilsdruff, Germany-based P-D Group's glass-fiber division has operations in Germany, France, Belgium, Britain and Latvia.
Norandex moves HQ to new site in Ohio
HUDSON, OHIO Norandex Building Materials Distribution formerly Norandex/Reynolds has relocated its headquarters from Macedonia, Ohio, to nearby Hudson, and is adding two distribution locations in addition to the two it added last month in Baton Rouge, La.
About 85 employees made the move to the 47,000-square-foot headquarters.
The company is in a growth and acquisitions mode, and officials will continue that plan through the rest of 2008 and 2009, said Norandex spokesman Mike Horgan in a telephone interview.
With the recent acquisitions, Norandex operates about 162 distribution locations across the country, Horgan said.
``In the United States, we're looking to expand our geographic footprint,'' he said.
The company is growing about 8-10 percent annually in terms of new locations, he said.
On Aug. 18, the firm announced the two new facilities, in Portland, Ore., and Austin, Texas. Norandex bought the Portland site from local building products distributor Crown Building Materials.
Engineered Sinterings files for Chapter 11
NEW HAVEN, CONN. Engineered Sinterings & Plastics Inc. of Watertown, Conn., recently filed for voluntary Chapter 11 reorganization protection in U.S. bankruptcy court in New Haven.
The company, founded in 1953, makes powdered metal, thermoset and thermoplastic components, and assemblies.
Company officials did not return a call for comment.
Engineered Sinterings and its sister company, Alves Precision Engineered Products Inc., filed for protection July 1, according to court documents. They listed 200 or more creditors, assets between $1 million and $10 million, and debt between $10 million and $50 million.
The company employs 150 in Watertown, according to a report in the Waterbury, Conn., Republican-American.
Fortell gets new site, adds larger presses
Lankroun, Czech Republic Czech plastic parts producer Fortell s.r.o. has added larger-tonnage injection presses at its new 51,000-square-foot plant, which opened this summer.
The Lankroun molder and mold maker aims to attract a greater share of the region's growing automotive parts business.
``This building should help us to fulfill the long-term company aims such as sharing the increase of complex contracts for the automotive industry, expansion of the injection molding department and a heavier weight limit for mold production,'' the firm said in a news release.
Fortell, which started plastics molding in 2003, operates five Battenfeld and Arburg presses at its Lankroun facility. It serves customers in the electronics, consumer, and automotive sectors. In addition, it offers a metal-stamping service and manufactures parts for model railways.