Magna slates 2 plants for Chattanooga
AURORA, ONTARIO Auto supplier Magna International Inc. will build two plants in Chattanooga, Tenn., to supply both seats and bumper fascia plus other trim to Volkswagen AG's new plant in the city.
The company previously announced it would supply the new Volkswagen plant's seating through a joint venture with Hollingsworth Logistics Group of Dearborn, Mich. It now has added fascias, sealing systems and pillar trim covers, through its exteriors and interiors, unit to its contracts in Chattanooga, the company said in an April 26 news release.
Both the seat assembly facility and the fascia assembly plant will be housed within a supplier park adjacent to VW's new site. Aurora-based Magna did not disclose how much it will invest in Chattanooga, but said it expects to create 140 jobs through the two operations.
Full production is set to launch in 2011. In addition to the plastics content, Magna has won business supplying body and structural components and window regulators and trunk latches.
Indiana molder moving to larger site
RICHMOND, IND. Hagerstown Plastics Inc. plans to expand with a move to a vacant 21,700-square-foot facility in Richmond, according to the Economic Development Corp. of Wayne County.
Hagerstown Plastics is investing $260,000 in the former Bev's Threads building and will create six jobs. The injection molder plans to retain its current facility in Richmond as a warehouse.
The EDC of Wayne County is providing a grant of $6,825 to assist in the purchase and renovation and/or training of employees.
The expansion of Hagerstown Plastics not only represents growth and investment for Wayne County, but brings a vacant building back into use, said Ken Paulst, president of Wayne County Commissioners, in a news release.
Optima Colour teams with UK partner
CAMBRIDGE, ONTARIO Materials firms Optima Colour and Technical Colour Supplies Ltd. have formed a trans-Atlantic partnership.
Optima of Cambridge, and Technical of Wrexham, Wales, will cross-market each other's materials and share customer lists, technology and formulations under terms of a deal announced by both firms April 28.
Optima produces color and additive concentrates and compounds, while Technical is a maker of color and additive concentrates.
The firms also plan to open a new facility in the United Kingdom that will be jointly owned, Optima's Tyler Kilgannon said by phone April 29. Kilgannon is vice president of sales and marketing and co-owner of Optima, which he helped launch in 2005.
We had looked into setting up our own plant [in the U.K.], and we kept running into Technical as a supplier of companies there, he said. So we met with them and things really gelled and we formed a good relationship. We have similar models of growth.
The alliance also will allow Technical, a 9-year-old firm owned by Chairman Lyn Thomas, to increase its sales into the film sector. Optima currently derives half of its sales from that market, which generates only 10 percent of sales for Technical.
Technical specializes in small-lot color orders ranging in size from 20 pounds to more than 2,000 pounds.
Neither firm discloses annual sales totals. Optima employs 25 in a 45,000-square-foot site and operates 65 million pounds of annual capacity. Technical has 15 employees and operates 10 million pounds of annual capacity.
Ohio recycler APR reportedly shuts down
ELYRIA, OHIO Advanced Plastics Reclaiming in Elyria has closed, according to local media reports.
The Lorain Morning Journal reported the plastics recycling firm posted a sign on its door notifying workers the third shift on April 23 had been canceled and the plant was closed.
APR Elyria, a member of the Washington-based Association of Postconsumer Plastic Recyclers, recycled PET bottles from curbside and deposit collections, according to the association's website.
Messages sent to the business were not immediately returned. Phone calls to the plant went to an answering machine.
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