Berry to shutter N.C. sheeting plant
EVANSVILLE, ILL. Berry Plastics Corp. plans to close a plastic sheeting plant in Battleboro, N.C.
The plant, which has made sheeting for dropcloths, bags, tapes and other products for 24 years, will close by the end of November, the Telegram newspaper in Rocky Mount, N.C., reported July 25.
The newspaper said 241 workers will be laid off from the plant which, according to Securities and Exchange Commission filings, is 390,650 square feet in size.
Officials at Evansville-based Berry were unavailable for comment. In North Carolina, in addition to the Battleboro plant, Berry operates facilities in Ahoskie and Charlotte.
The company recently notified employees at its Albertville, Ala., tape plant that the facility will close in December, affecting about 100 workers. Berry has not commented publicly about the factors that led to that decision.
Compounder adding extrusion line, jobs
LOGAN TOWNSHIP, N.J. Engineering resins compounder Infinity Compounding Corp. is installing a new twin-screw extrusion line and adding five jobs at its site in Logan Township, near Bridgeport, N.J.
The new line Infinity's fourth will add 2 million pounds of annual capacity, co-owner Carlos Carreno said by phone July 27.
The line is expected to be up and running by Sept. 1 and will allow Infinity to compound a full range of compounds reinforced with glass, carbon and aramid fibers, along with polytetrafluoroethylene fluoropolymer and silicone-lubricated products. It is needed because of additional business in all of Infinity's end markets, including medical, consumer products and electrical/ electronics, Carreno added.
Engineering polymers are going like crazy, he said. Lead times are extending on a lot of materials.
The sales growth is expected to boost Infinity's sales by 40-45 percent for full-year 2010, putting the firm's annual sales close to $10 million. Infinity currently employs 30 at the 57,000-square-foot site.
Financial woes stop Platinum production
OLDCASTLE, ONTARIO In January, Oldcastle-based mold maker Platinum Tool Technologies Inc. was awarded more than $1 million to expand and seek more work in the aerospace industry.
Now the company remains open, but work has shut down as the owners scramble to solve a financial issue threatening the firm.
President Dan Moynahan said he did not have time to discuss Platinum in late July, but local news reports earlier in the month said one of the company's banks pulled funding. Another bank followed suit.
Platinum Tool had to send its employees home because it could not meet payroll, but the Canadian government was still backing the firm, the Windsor Star reported.
Moynahan also is president of the Canadian Association of Mold Makers in Windsor, Ontario.
Platinum was awarded C$1.2 million (US$1.12 million) from Canada's Economic Action Plan in January to help it invest in new equipment needed to bid for more work outside the automotive industry.
AMBA hires Harbour to fill in for Millhuff
ROLLING MEADOWS, ILL. The American Mold Builders Association has hired Harbour Results Inc. to serve as interim executive management following the resignation of executive director Melissa Millhuff.
Millhuff announced July 9 that she would leave the job because she is relocating to Michigan for family reasons. AMBA's offices are in the Chicago suburb of Rolling Meadows.
Harbour Results is a Berkley, Mich.-based consulting company that has worked extensively with mold makers in the past. Laurie Harbour, president and CEO, and Gary Burns, managing director, also have been working with AMBA to develop long-term strategies to help the organization build on its existing base and reach further into the tooling industry.
Some of that strategy is focused on providing speakers and discussions during meetings that will help mold makers compete in the current economic environment, as well as communicate with lawmakers on policies impacting the industry, Harbour said.