Parkway buys Nypro out of automotive
FLORENCE, KY. Parkway Products Inc. of Florence is boosting the capabilities and customer connections for its Enterprise Molded Products business unit through its purchase of a majority share of Nypro Inc.'s Marietta, Ga., operations.
The deal, announced Nov. 12, allows Clinton, Mass.-based Nypro to complete its gradual move out of the automotive business. Terms were not disclosed.
Automotive was a minor business line for Nypro, which even at its height saw less than 10 percent of its revenue from the industry, spokesman Al Cotton said.
The Marietta business includes two plants and production for customers in the automotive and large vehicle transportation industries, which are a key focus for Parkway.
The facilities also have paint and laser-etching capabilities in addition to injection molding, which allows Parkway to add those capabilities within the EMP unit for the first time, said spokesman David Clettenberg.
Key management and staff from the 125-employee operation transferred to Parkway through the acquisition. Parkway EMP also took over the existing product line, which includes functional auto parts and backlit components.
AdduXi to establish two US operations
LIVONIA, MICH. French injection molder AdduXi SAS is expanding into North America with an office in the Detroit suburb of Livonia, and plans to open a molding facility in Alabama within two years.
The company specializes in high precision, insert molding of auto electronics and other parts, with headquarters in Oyonnax, France, and production in France and Switzerland.
AdduXi has sold parts made in Europe to North American automakers for several years, but increased demand for its parts is prompting a physical move into the region, said Thomas Betzer, who heads up AdduXi USA Inc.
The Livonia office is the first stage of AdduXi's plans, with production set for a plant in Elkmont, Ala., as business grows possibly by late 2010, Betzer said.
Beyond that, the company will consider expansion either in Alabama or at other locations, he said.
Solvay blames job cuts on the economy
ALPHARETTA, GA. Solvay Advanced Polymers LLC is cutting 50 jobs from its U.S. operations, with about half of that number coming from its materials plant in Marietta, Ohio.
In a Nov. 11 statement, officials with Alpharetta-based Solvay AP said the move was being made in response to the economic downturn which has adversely affected plastics demand.
The company regrets the impact this decision will have on affected employees, their families and local communities, the statement said.
Of the cuts, 23 will come from the Marietta plant, representing just under 10 percent of the site's total workforce.
Solvay AP produces and compounds sulfone polymers, including Radel-brand polyphneylsulfone and polyethersulfone, at the site.
This is the second round of plastic-related job cuts to hit Marietta in 2009.
In January, polystyrene maker AmericaStyrenics LLC announced it was reducing capacity at its Marietta plant, resulting in a loss of 60 jobs.
Solvay AP makes resins and compounds based on high-end engineering resins. The firm is a unit of specialty chemicals and plastics producer Solvay SA of Brussels, Belgium.
SRG selects development center site
WARREN, MICH. Auto supplier SRG Global Inc. has selected a site in Taylor, Mich., to house its Advanced Development Center.
The 46,000-square-foot ADC will open in April, President Kevin Baird said in a Nov. 10 news release.
Warren-based SRG, created after Guardian Industries Corp. purchased Siegel-Robert Inc.'s auto business in 2008, specializes in plated and painted injection molded parts.
The development center will include injection molding capabilities to develop new parts for production globally, Baird said.
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