Myers shutting down Ky., N.C. facilities
AKRON, OHIO Myers Industries Inc. is consolidating operations to cut costs, and planning to shut plastics plants in Kentucky and North Carolina by the end of the year.
The materials-handling plant in Shelbyville, Ky., injection molds reusable containers and employs 88 people.
The Reidsville, N.C., plant is a blow molding facility with 70 employees producing a range of parts under Akron-based Myers' automotive and custom business segment.
Production will be transferred to other Myers facilities, the company said in a Sept. 14 press release.
Myers has been discussing options for many of its units this year as a result of the slower manufacturing output in North America. In April, it announced it was considering manufacturing optimization within its materials-handling unit, and it has considered the sale of some automotive assets.
Corning Inc. acquires Axygen for $400M
CORNING, N.Y. Corning Inc. said Sept. 16 that it has acquired Axygen BioScience Inc. and its subsidiaries from American Capital Ltd. for about $400 million in cash.
Headquartered in Union City, Calif., Axygen is a manufacturer and distributor of plastic consumable labware, liquid-handling products, and bench-top laboratory equipment. The company has operations in the United States, France, Poland, and China.
Axygen will be integrated into Corning's Life Sciences business segment.
Axygen's consumable products include pipettes, pipette tips, and high-throughput screening products, and its lab equipment including centrifuges, pipette controllers and incubators.
TPU film maker Argotec opens new HQ
GREENFIELD, MASS. Argotec Inc., a manufacturer of thermoplastic polyurethane film and sheet, on Sept. 16 unveiled its new 95,000-square-foot headquarters and manufacturing plant in Greenfield.
Argotec's new plant will house 11 extrusion lines, including two blown film and nine flat-die lines.
Seven of the flat-die lines are used for aliphatic TPU film production and will be housed in an 8,000-square-foot, hard-walled clean room, with each individual extrusion line additionally enclosed in its own Class 10,000 soft-walled clean room environment.
Bruce Wilby, president and CEO, said the new plant gives the company added capacity for existing customers, plus flexibility to explore new markets and applications.
It will create greater efficiencies throughout our entire production process, permitting us to focus more of our resources on research and development, he said in a news release.
Markets include medical, textile lamination, graphics, automotive paint protection film and optical interlayers for laminating glass and polycarbonate into bullet-resistant glass composites.
Sterilite donates $2M to Mass. colleges
TOWNSEND, MASS. Housewares molder Sterilite Corp. on Sept. 15 said it will donate $2 million to help finance college educations for students at Mount Wachusett Community College and Fitchburg State College.
Sterilite will donate $1 million on behalf of each college to the Community Foundation of North Central Massachusetts. Support for financial aid to students will begin to flow to each college in September 2010.
At Mount Wachusett Community College in Gardner, Mass., the contribution will establish the Sterilite Scholarship and Student Access Fund.
Students in good academic standing will be eligible to receive financial assistance to cover the cost of tuition, fees, books and emergency stipends.
The Sterilite Scholars Fund for Fitchburg State College in Fitchburg, Mass., will provide financial assistance to students who demonstrate both need and good academic standing.
Sterilite was founded in 1939 as a partnership between Saul and Edward Stone and Earl Tupper.
The Townsend-based company currently operates six plants across the United States and claims to be the world's largest manufacturer of plastic housewares.
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