Reliance taps Wilder to run polymers unit
MUMBAI, INDIA Indian conglomerate Reliance Industries Ltd. has hired veteran petrochemicals executive Warren Wilder to run its polymers business, including its massive polypropylene operations.
Wilder, 53, most recently was managing director at Malaysian petrochemicals maker Titan Chemical Corp. Prior to that, Wilder held numerous management roles at Houston-based plastics and chemicals maker Westlake Chemical Corp. from 2000-08.
Until last year, Titan was partly owned by the Chao Group of Taiwan, which also owns a controlling interest in Westlake.
Reliance holds a 70 percent share of India's polymers market producing PP, polyethylene, PVC and PET and ranks fourth globally in PP production. The firm has added more than 2 billion pounds of PP capacity in the last three years.
The addition of Wilder coincides with longtime Reliance executive Kamal Nanavaty assuming corporate responsibilities in the firm's petrochemicals business. Nanavaty previously had been president of Reliance's cracker and polymers sector.
Mumbai-based Reliance, India's largest private business, also operates oil refineries and ranks as the world's largest maker of polyester fibers and yarn.
Plastikon invests $6.35M in Ky. plant
HAYWARD, CALIF. Plastikon Industries Inc. is building a second plant in Leitchfield, Ky., that will add 100 jobs to the community.
The $6.35 million investment will cover the cost of buying and equipping a 90,000-square-foot injection molding facility near the company's existing Leitchfield plant. The Kentucky operation, which opened in 2006 under the name Inplast as a joint venture of Plastikon and Injex Industries Inc., already employs 120.
Hayward-based Plastikon makes auto interior parts in Leitchfield and injection molds and thermoforms parts for the auto and medical industries throughout the United States.
The new plant will open by April and be in full production by the end of November, the company said in a news release.
The Kentucky Economic Development Finance Authority has given preliminary approval to $1.5 million in tax incentives to help finance the project.
Bright adds all-electrics to clean room
GREENSBORO, N.C. Bright Plastics Inc. recently added two more all-electric Engel injection molding machines to boost production in a Class 100,000 clean room that it opened less than two years ago.
The Greensboro-based company purchased its first all-electric press less than two years ago, a 60-ton Engel e-motion machine. Now, it also has two new Engel e-max presses with 110 and 200 tons of clamping force.
The 2,000-square-foot clean room is used for the production of optical products and tight-tolerant electronics.
It started when we chose to focus on medical and high-tech markets, President Steve Bright said in a telephone interview.
That focus led to the decision to use the all-electric machines in a clean room environment. The current room is modular and could easily be expanded, he added.
The company lists sales in the range of $9 million to $11 million and is anticipating a record year, according to Bright.
Japan firm slates Tenn. carpet-fiber plant
MANCHESTER, TENN. A Japanese-owned automotive floor-mat manufacturer is building a $32 million PET carpet-fiber plant in Manchester, southeast of Nashville.
Vicam is a newly formed subsidiary of nonwoven fabric manufacturer Japan Vilene Co. Ltd. of Tokyo. The 44,000-square-foot plant is scheduled to open next January and will use recycled PET bottles to make the fiber.
Japan Vilene is the parent company of Viam Manufacturing Inc. of Manchester, which will operate the new Vicam plant.
Viam has a 350,000-square-foot plant at its headquarters and a 60,000-square-foot manufacturing plant in Santa Fe Springs, Calif. The company manufactures floor, truck and cargo mats, as well as truck liners and partitions.
In a joint news release issued March 9, Viam and the Tennessee Department of Economic and Community Development said the investment will create 70 new jobs when all phases of construction are completed.