Dott downsizing, closing plant in Mich.
LAPEER, MICH. Auto supplier Dott Industries Inc. will close its Deckerville, Mich., injection molding facility by the end of March, cutting 159 jobs, it told the state.
The Deckerville plant has been open since 1957 and makes a decorative products including emblems and bezels, along with housings and lenses for lighting and reflector applications.
Dott also owns a second injection molding facility in Deckerville, which operates as Deckerville Plastics, and Deco Plate, an injection molding and chrome-plating operation in Lapeer.
Negri Bossi losses bring change at top
MILAN, ITALY Initial data from Italian injection molding machine maker Negri Bossi SpA indicate the company went deep into the red in 2008. Sales were around 98 million euros ($127.2 million), down 30 million euros ($38.9 million) from 2007.
The firm is likely to report a loss of about 10 million euros ($13 million), officials said in a Jan. 26 statement to investors.
The Milan-based company is temporarily bringing in Eugenio Maria Emiliani to take forward its restructuring program. Emiliani is general director of Sacmi Imola S.C., an Italian industrial group that owns the majority of Negri Bossi.
Emiliani will be charged with integrating Negri Bossi ``as much as possible'' into the Sacmi group. He is taking over from Eugenio Ferragina, the company's previous managing director.
Because Negri Bossi is publicly traded on the Milan Stock Exchange, it cannot be integrated as fully as Sacmi would like. Last year, Sacmi bid for the remaining shares in Negri Bossi, but fell just short of the 90 percent needed to delist the company.
MeadWestvaco shifts work to Mexico
GLEN ALLEN, VA. Packaging supplier MeadWestvaco Corp. plans by 2009's end to close an Ohio facility, eliminate 278 hourly and salaried jobs there and move injection molding equipment to Mexico.
The plastics packaging plant in Washington Court House, Ohio, manufactures and distributes Calmar-brand pump and dispensing devices for the personal-care and cosmetics industry. The company's San Luis Potosí, Mexico, facility has production equipment and processes that are more advanced than those in the Ohio location and can be expanded more easily, MeadWestvaco said Jan. 26.
MeadWestvaco intends to maintain a small manufacturing presence in Washington Court House for components.
The company said Jan. 15 that it intends to close or restructure 12-14 manufacturing locations during 2009; eliminate about 2,000 positions, or 10 percent of its global workforce; and freeze pay increases for salaried employees. As part of that cutback, MeadWestvaco disclosed plans during 2008's fourth quarter to close three packaging converting operations involving sites in Uden, the Netherlands, with 60 employees; Grover, N.C., with 120; and Drunen, the Netherlands, with 50.
On Jan. 28, Glen Allen-based MeadWestvaco reported a loss of $16 million on sales of $1.6 billion for the fourth quarter. In the comparable 2007 quarter, the company reported profit of $148 million on sales of $1.7 billion.
Auction slated for AP Flexipak assets
MARKHAM, ONTARIO Bag producer AP Flexipak Inc. will have its assets sold at auction Feb. 4.
The Markham-based company was petitioned into bankruptcy Nov. 17, about 2½ months after the business ceased operating. Its secured lender, Bank of Nova Scotia, requested the bankruptcy. The bank is owed C$2.4 million (US$2 million), according to information supplied by the trustee in bankruptcy, Spergel and Associates Inc. of Toronto.
Company owner Alpesh Patel cited several reasons for AP Flexipak's failure: Increased resin costs, a higher-value Canadian dollar, overseas competition and loss of major accounts all figured in the bankruptcy.
About 90 AP Flexipak unsecured creditors are owed C$600,000 (US$489,000) and of that number, about 20 are owed C$5,000 (US$4,075) or more each.
Asset Engineering of Markham will hold the auction at AP Flexipak. Equipment includes four 2½-inch blown film lines, five flexographic printing presses and 15 bag-making machines.