Magneti Marelli SpA invests $15M in N.C.
CORBETTA, ITALY Italian auto supplier Magneti Marelli SpA will invest $15 million in its Sanford, N.C., facility to improve production on both plastic and metal manufacturing lines.
The money will cover three new production lines for all of its powertrain production systems, which include die casting, machining and assembly in addition to plastic molding.
Magneti Marelli, based in Corbetta, also expects to add up to 65 jobs to its existing workforce of 290, according to a Jan. 4 news release from the Lee County Economic Development Corp.
Magneti Marelli's powertrain group makes a variety of engine performance parts, including air-intake manifolds, throttle bodies in both aluminum and plastic, and fuel rails.
The parts will be used to produce three new fuel systems for Chrysler cars.
Redwood launches branch in Saskatoon
LANGLEY, BRITISH COLUMBIA Industrial plastic shapes distributor Redwood Plastics Corp. has opened a new location in Saskatoon, Saskatchewan.
Manager of the facility is Dale Holan. The site will house stock sheet, rods and tubes in a variety of materials, including Redco ultrahigh-molecular-weight polyethylene, polyurethane and nylon, and Prismagrate fiberglass- reinforced grating, among others.
The Langley-based company said Saskatchewan has a growing economy with large investments being made in the mining and resource industries.
Redwood Plastics specializes in products that deal with shock, abrasion, noise, wear and friction.
Hyundai Mobis Group adds 4 Engel presses
SEOUL Auto supplier Hyundai Mobis Group of Seoul has added four large-tonnage twin-platen presses to its injection molding plant in Montgomery, Ala., to help it meet increasing demand for its parts.
Engel North America delivered four 3,500-ton presses to Mobis Alabama LLC, it said in a Dec. 22 news release. The presses will provide capacity for more cockpit, chassis and bumper modules to its customers in North America.
Hyundai Mobis officials said the presses will allow for fast mold changes and will fit easily into its plant structure.
Cellect announces new name, license
CAPE COD, MASS. Cellect Plastics LLC has changed its name to Cellect Technologies LLC and has licensed its I-Cell ethylene vinyl acetate and polyethylene roll business to XL Foam LLC, a private investor group.
Cape Cod-based Cellect Technologies now will concentrate solely on low-carbon-impact specialty foams, including Opflex-brand materials for oil-spill clean- up and Microflex LCI for yoga mats and other consumer applications.
Scott Smith, president and owner of Cellect, said in a news release that the deal strengthens his firm's capital position. He added that the company plans to establish a new headquarters in Florida, Alabama or Massachusetts.
JCI picks Chongqing for new battery plant
GLENDALE, WIS. Johnson Controls Inc. will build its third auto battery plant in China in Chongqing and will begin seeking a location for its fourth plant soon.
Groundbreaking for the Chongqing plant will take place in early 2011 with production to begin in 2012, said the company, based in the Milwaukee suburb of Glendale, in an Oct. 6 news release. The new facility will make lead acid batteries. JCI injection molds housings for its batteries.
The new site will cover 323,000 square feet in Fuling, in the central part of Chongqing. The community is a major hub for the motorcycle and auto industry in China and is home to 21 different automakers, the company said.
The fourth plant will be located somewhere in northern China.
JCI has set a goal of making 30 million batteries annually in China by 2015.
TricorBraun makes acquisition No. 12
ST. LOUIS Rigid packaging manufacturer and distributor TricorBraun has acquired Penn Bottle & Supply Co. Terms of the deal were not disclosed.
Philadelphia-based Penn Bottle, a formerly family-owned, 90-year-old supplier of plastic, glass and metal containers and closures, is St. Louis-based TricorBraun's 12th recent acquisition, according to a Jan. 4 news release.
The combination of Penn Bottle's presence in the East with our current business there significantly strengthens our position in that geography, Keith Strope, president and CEO of TricorBraun, said in the release. There are a lot of similarities: long, rich histories in the industry, company cultures and customer-service focus.
TricorBraun's offerings include design, global sourcing, its RapidFind packaging database of more than 32,000 items, and more than 3,500 proprietary molds.