DSM quadrupling production for nylon
HEERLEN, NETHERLANDS Increased demand is leading Royal DSM NV to quadruple production for its Stanyl ForTii-brand specialty nylon by the end of the year.
The production increase will occur at a DSM Engineering Plastics plant in Sittard, Netherlands. Officials with Evansville, Ind.-based DSM EP described Stanyl ForTii as the first new polymer introduced in the new millennium.
Stanyl ForTii is a halogen-free, flame-retardant, high-temperature nylon used in cell phones, computer circuit boards and similar applications. The material meets market trends that call for miniaturization of electronic devices, officials added.
Positive results ... have enabled a faster ramp-up of production capacity, Stanyl ForTii project director Gart Kostermans said in a May 14 news release.
DSM EP declined to provide capacity totals for Stanyl ForTii but a spokeswoman said the firm has no plans to add production of the material at its Evansville plant.
DSM EP is a unit of Royal DSM NV, a maker of specialty plastics and chemicals based in Heerlen.
AptarGroup consolidating Seaquist sites
CRYSTAL LAKE, ILL. Closure and dispensing systems molder AptarGroup Inc. plans to consolidate two Seaquist closures plants in France, after reporting a 28 percent drop in profit for the first quarter of 2009.
Executive Vice President Ralf Poltermann said two plants will be consolidated into one location. No employees will lose their jobs as they will all be offered positions in the newly created entity, he said. Aptar also will consolidate some minor sales offices in the U.S. and Europe with no job losees, Poltermann said. The firm did not name specific sites.
The reorganization is part of Crystal Lake-based Aptar's plan to save $6 million in costs after a steep drop in profit. For the period ended March 31, the company posted operating profit of $39.3 million, down from $54.7 million for the same period a year ago.
Peter Pfeiffer, Aptar president and CEO, blamed the loss on changes to currency exchange rates as well as poor sales.
Rep firm founder Arnold Fisher, 82, dies
ST. CHARLES, ILL. Arnold G. Fisher, who in 1959 founded Fisher Sales Corp., a manufacturers' representative firm selling plastics machinery, died May 13. He was 82.
Fisher Sales is based in St. Charles.
In his early years, Arnie Fisher spent a lot of time on the road demonstrating injection molding technology on a homemade traveling exhibit. He traveled throughout the Midwest in a rented Dodge motor home fitted with a welded-on washtub to demonstrate injection molding for customers.
Fisher would pull into a prospective customer's plant, plug in the washtub and run parts.
Fisher Sales was a pioneer in using corporate aircraft. By the late 1960s, business was booming. An avid pilot, Fisher bought a corporate plane and began flying around the Midwest.
By the late 1970s, Fisher Sales had established itself as a major U.S. sales representative firm, selling some of the world's leading injection molding machinery and auxiliary equipment companies.
In lieu of flowers, donations may be made to CNS Hospice of the American Cancer Society.
New owner taking Negri Bossi private
MILAN, ITALY Italian injection molding machine maker Negri Bossi SpA is going fully private again.
After months of trying, HPS, the holding company of Negri Bossi's majority shareholder Sacmi Imola S.C., has succeeded in acquiring 95 percent of Negri Bossi's shares. This gives HPS the right to acquire all outstanding shares.
In a statement issued during the week of May 4, Sacmi said Negri Bossi will be removed from the Milan stock exchange May 15.
The change in ownership opens the way for Sacmi to restructure and integrate Negri Bossi something it was unable to do while Negri Bossi was still publicly traded.
Last year, Milan-based Negri Bossi lost 13.2 million euros ($17.9 million) on sales of 97.8 million euros ($133 million).
Sacmi bought a majority shareholding in Negri Bossi in early 2002, only a few weeks after Negri Bossi debuted on the Milan stock exchange.