Plast reschedules to avoid NPE conflict
MILAN, ITALY The next Plast trade show will be held May 8-12, 2012, at the Fiera Milano fairgrounds in Milan.
The May dates are a change, because the show has been held in March in recent years, show organizer Promoplast srl said in a Jan. 11 announcement.
The decision to move was a result of two external factors, according to Promoplast. First are the new dates for NPE, now set for March 2012 in Orlando, Fla., instead of June in Chicago. Second was the decision by the organizers of Milan's Ipack-Ima packaging show not to coincide with Plast, as it has in the past two shows.
Promoplast said it picked the May dates after surveying some exhibitors.
In 2009, the Plast show reported attendance of more than 55,000 a drop of 23 percent from the 2006 show.
TI Automotive restructures, sets goals
DETROIT Bill Kozyra, CEO of TI Automotive Ltd., one of the world's largest suppliers of fuel storage and delivery systems, has reorganized the company and is relaunching its brand.
The new TI launched Jan. 11 with a new logo and a move to a new corporate headquarters outside Detroit. Kozyra reorganized the company into five global divisions, slashed costs and restructured debt.
Up next: Grow the company with new technology, a clean balance sheet, a strong customer portfolio and a new management team, Kozyra said.
Kozyra is the former North American CEO of Continental AG. He left that company in May 2008.
Kozyra said he plans to build his North American operations from 25 percent of global sales to 35 percent within three years.
The 18-month restructuring included slashing 55 percent of all salaried jobs and instituting temporary salary cuts no longer in effect for all managers at the director level and above.
Privately held TI had grown rapidly through debt and acquisitions. Kozyra restructured 90 percent of TI's debt through a debt-to-equity swap.
Windsor Machine to open Indiana plant
WINDSOR, ONTARIO Auto supplier Windsor Machine Group will invest $4 million on a new plant in Princeton, Ind., to make headrests for Toyota Motor Corp. and other automakers.
The site will open in an existing 25,000-square-foot building during the first quarter of 2010 and begin with assembly of components from other plants, Chief Financial Officer Dave Zultek said in a telephone interview. Expansion into full production will depend on how business grows. The plant is expected to employ up to 130.
Windsor-based Windsor Machine molds polyurethane foam for headrests, auto seating and exhaust systems. The operation includes does some rubber and metal processing.
The Indiana Economic Development Corp. is providing $275,000 in tax credits and $39,000 in training grants to help the firm launch the Princeton plant.
JCI, Saft invest $220M in battery plant
GLENDALE, WIS. Lithium-ion battery maker Johnson Controls-Saft Advanced Power Solutions LLC is continuing its plans for battery production in Holland, Mich., to supply complete packs for the North American auto industry.
The company a joint venture of Glendale-based Johnson Controls Inc. and Saft Groupe SA of Paris has announced plans to invest $220 million to create the battery production facility in Holland.
JCS has already won federal and state grants to help finance its new facility, including a $20 million grant approved in October by the Michigan Economic Growth Authority. On Dec. 22, the state announced another grant for the venture, with $2 million through the federal Community Development Block Grant program sent to the city of Holland to help pay the costs of improving the electrical system in an existing building for JCS.
Johnson Controls-Saft is not the only battery maker building in the state. Construction is under way in Midland, Mich., for the $665 million KD Advanced Battery Group LLC, a joint venture of Dow Chemical Co. of Midland and Kokam America Inc. of Lee's Summit, Mo.
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