Ohio's ASPM buys 13 injection presses
DAYTON, OHIO All Service Plastic Molding Inc., part of the Dayton-based Minco Group, is investing more than $2 million in 13 new injection molding presses and automation equipment to add capacity for increasing business.
The molder added six 200-ton electric presses, six 110-ton electric presses all from Mitsubishi and another 150-ton Toyo vertical press, said spokesman Gary Deaton. The company also invested in automation equipment for the 12 horizontal presses.
The addition brings the company's total press fleet up to 58. It also expects to add about 10 percent more employees to its current workforce of 300 people. The company has operations in both Dayton and Fairlawn, Ohio.
Work has been picking up recently among ASPM and Minco's customer base in both the auto and appliance sectors, Deaton said. The new projects prompted the need for additional capacity and workers.
ASPM also is adding to its capability with automated insert molding and post-molding machining operations requiring close-tolerance computer numerically controlled lathe turning for glass-filled acetal production parts, Deaton said.
Sulzer Metco buys carbon-coating unit
WINTERHUR, SWITZERLAND Switzerland's Sulzer Metco Management AG has purchased the diamond-like carbon-coating business from NV Bekaert SA of Kortrijk, Belgium, and plans to integrate the business and its dense, thin-coat technology offerings into its existing operations.
Sulzer Metco, with global headquarters in Winterhur, announced the acquisition for an undisclosed amount in a July 8 news release.
The diamond-like carbon-coating business markets coatings that combine a low frictional resistance and hardness and is used in injection molding and blow mold tooling. The acquisition includes six production plants in Belgium, France, Germany and the U.S. and 150 employees.
Sulzer specializes in coatings for a variety of applications, and notes that its existing line along with the acquired business is used on both cores and cavities as well as functional components like wear plates and ejector pins.
Newell Rubbermaid reorganizing in Europe
ATLANTA Newell Rubbermaid Inc. is reorganizing its European business in a move expected to save the firm at least $50 million per year.
Atlanta-based Newell Rubbermaid a major producer of consumer and commercial plastic products announced its plan June 17. A news release offered few details, but said the plan aims to lower costs and improve profitability.
Newell Rubbermaid spokesman David Doolittle said that the plan will not include any plant closings or job cuts, and instead will be aimed strictly at key management functions. Some officials affected by these changes will be asked to relocate.
The plan also will centralize decision-making for European business functions to an undetermined location in Switzerland.
Costs for aggregate restructuring and other items related to the plan are expected to be between $90 million and $100 million, most of which will be incurred by the end of 2011. When the change is completed during 2012, it is expected to generate annual savings of between $50 million and $60 million.
Corvac Composites adding 2nd Ky. site
MORGANTOWN, KY. Corvac Composites LLC, a manufacturer of plastic parts for the auto industry, plans to expand into a second Morgantown manufacturing facility this August.
Davisburg, Mich.-based Corvac designs and develops thermoformed wheel liners, air deflectors, under-engine shields, belly pans, and underbody aero covers for automotive applications, according to its website.
The company currently makes parts for Toyota Motor Corp., Honda Motor Co. Ltd. and General Motors Co., according to a June 22 news release from the Kentucky governor's office.
Corvac currently has a facility in Morgantown, which opened in 2005, according to the release.
The company will make an $8.1 million investment to expand into a new 93,750-square-foot plant, with plans to hire 75 employees, according to the news release.
Corvac Composites was not available for comment.
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