Rehau to keep Canada pipe plant open
LEESBURG, VA. Rehau Inc. has recommenced its PVC pipe extrusion operations at its plant in Prescott, Ontario, as part of an arrangement to supply material to Canadian distributor Distribution Brunet Inc. in Lévis, Quebec.
Rehau had nearly shuttered the Prescott plant as part of a plan to exit commodity markets for cross-linked polyethylene plumbing pipe and municipal PVC pipe in North America. The company planned to focus on innovative development in applications that promote energy efficiency and sustainability. Those operations represented about 7 percent of the company's North American business at the time, company officials said.
Workers are being rehired at the Prescott plant, which had remained open with a skeleton crew to deliver pipe to customers through March 31, said spokeswoman Jennifer Parker.
The Leesburg-based company also has a two-plant, 260,000-square-foot operation in Cullman, Ala.
The Prescott plant will recover 20 of the 40 jobs that were eliminated when it closed last fall.
Cadence to sell European sites to Magna
AURORA, ONTARIO Canadian auto supplier Magna International Inc. has signed a deal to buy the European operations of Cadence Innovation LLC, which will bring Magna three injection molding and mold-making plants in the Czech Republic and one in Hungary.
Central and Eastern Europe are strategically important due to the competitive advantages afforded by the countries in the region, said Tom Skudutis, chief operating officer of Magna global exterior and interior systems.
The four plants reported sales of about $369 million in 2007. They will operate as part of Aurora-based Magna's Decoma division.
Troy, Mich.-based Cadence had been seeking a buyer for its European facilities before it entered Chapter 11 protection with the U.S. Bankruptcy Court in Wilmington, Del., in August. The companies did not disclose a purchase price.
The sites include molding and tool making in Liberec in the Czech Republic, along with molding and paint lines in Liban and Nymburk, Czech Republic. Cadence also has majority ownership of an injection molding plant in Esztergom, Hungary. The Hungarian facility opened in 2007. Nymburk opened in 2003 and expanded a year later as car production expanded in Central and Eastern Europe.
Thomson to close site, expand another
THOMSON, GA. Injection molder Thomson Plastics Inc. is consolidating its operations, planning to shutter a satellite plant in Sandersville, Ga., while expanding its main facility in Thomson.
With the economy as slow as it is sales are down across the board. We can't support two facilities. What we are doing is supporting our existing business, Jerry Harrison, chief executive officer, said in a Feb. 13 telephone interview.
He said that the steps were necessary to consolidate overhead costs and implement significant cost reductions in the overall operations.
Thomson plans to expand its main plant by 50,000 square feet to about 200,000 square feet to accommodate the move of production and assembly operations from Sandersville. Construction is scheduled to be complete by June 30, and the move will take place in July.
The plant will add 100 jobs then, with another 50 possible in 2010. The company will have opportunities for some of the Sandersville workers, and will work with the local Chamber of Commerce to find jobs for others.
Innovatier Inc. files for bankruptcy
LAKELAND, FLA. Innovatier Inc., which provides plastic packaging for radio frequency identity tags and powered cards, voluntarily filed for Chapter 11 bankruptcy protection Feb. 3 in U.S. Bankruptcy court in Tampa.
In its court filing, Lakeland-based Innovatier said it has between one and 49 creditors, with assets and liabilities each in the range of $1 million to $10 million.
A creditors' meeting has been set for March 4. Company officials did not return calls for comment.