Lego investing $100 million in Mexico
BILLUND, DENMARK International toy company Lego A/S of Billund, renowned for its interlocking plastic bricks, is investing $100 million-plus to expand its plant near Monterrey, Mexico, its only manufacturing operation in North America.
Pablo Salazar, senior director of Lego Operaciones de Mexico SA de CV, said the money will be fully spent by September 2011.
The company has already invested $300 million in the plant, at the Nexxus Industrial Park in the municipality of Ciénega de Flores, Salazar said in an interview.
The facility opened in March 2009, and supplies markets in the United States, Canada and Mexico.
The new investment will be in buildings, equipment and laboratories, Salazar said.
Lego has 182 plastic injection machines in Ciénega de Flores, primarily Engel and Arburg units with clamping forces from 40-120 tons, he said.
Lego Operaciones de Mexico employs 1,200 at the complex and is expected to take on more staff.
Lego was founded in 1932.
Restructuring Rotonics closing Calif. site
COMMERCE CITY, COLO. The restructuring and plant consolidation plan at Rotonics Manufacturing Inc. is now in its final phase, with the Nov. 12 announcement that it will close its Gardena, Calif., plant.
Over the last several months, we have worked diligently with all of the personnel in Gardena to improve the plant's operating performance, said CEO and President Richard Leary, in a news release. Unfortunately, economic conditions and the market environment have prevented us from reaching a satisfactory return.
In the past year, the rotational molder has moved its headquarters from Gardena to Commerce City, installed new top management, sold its custom fuel-tank division and consolidated nine plants into four.
When the Gardena plant closes the scheduled date is Jan. 11 the company will be left with three manufacturing plants, in Commerce City; Maple Plain, Minn.; and Bensenville, Ill.
Rotonics was the eighth-largest rotomolder in North America in Plastics News' most recent survey, with sales of $66 million.
MeadWestvaco buying Italian molder
RICHMOND, VA. Packaging company MeadWestvaco Corp. announced Nov. 11 that it has entered into an agreement to buy Spray Plast SpA, an Italian manufacturer of all-plastic trigger sprayers.
Terms were not disclosed. The deal is scheduled to close in the fourth quarter.
Richmond-based MeadWestvaco said the acquisition will enhance its home and garden business in Europe.
Spray Plast was founded in 1973 by Piero Gualdi, father of current Managing Director Andrea Gualdi. The company is based in Romano d'Ezzelino, near Venice, and its operations include injection molding and assembly.
MeadWestvaco said in a news release that it will keep all 109 Spray Plast employees, including Andrea Gualdi and the management team. MeadWestvaco has 19,000 employees worldwide, and operates in 30 countries.
Tredegar Corp. opens film plant in India
RICHMOND, VA. Tredegar Corp. announced Nov. 17 that it has opened a film manufacturing plant near Pune, India.
The plant, part of the Richmond-based company's Tredegar Film Products subsidiary, will start off by specializing in films for the hygiene market.
Nancy Taylor, Tredegar's president and CEO, said in a news release that the plant opening in India is integral to the company's plans to expand in emerging markets.
Monica Moretti, president of Tredegar Film Products, added that the plant will bring on local management and staff, which will allow the company to adapt its product offerings to regional market needs.
Tredegar ranked 17th in Plastics News' most recent survey of North American film and sheet manufacturers, with $455 million in relevant sales.