IAC licenses blow foaming technology
SOUTHFIELD, MICH. — International Automotive Components Group is adding a blow foaming process to its production in North America for a future vehicle.
The Southfield-based auto supplier has licensed the process from JSP Corp. and will add it to its Madisonville, Ky., plant to produce air ducts. Blow foam molding will eliminate the need for secondary foaming, reduce part count and reduce buzz, squeak and rattle concerns, IAC said in a June 6 press release.
JSP introduced the process in 2002 in Japan.
The high density polyethylene ducts can reduce mass by 50 percent, depending on the application, the company said. The program will go into production for a 2014 model-year vehicle with estimated volume of more than 100,000 units per year.
New Polystrand site will be twice as big
MONTROSE, COLO. — Thermoplastic composites specialist Polystrand Inc. is expanding to a new site near Denver, more than doubling its size.
Polystrand's sister company, Gordon Composites Inc., will take over the former Polystrand operation in Montrose, where it already is located. Both companies are owned by Gordon Holdings Inc., which announced the plans in a June 7 press release.
Polystrand makes polyolefin- and PET-based composite material used in ballistics-grade products and for industrial applications in the wind-energy, large-truck, rail and automotive markets. Moving to Douglas County, Colo., near Denver International Airport, will give the company greater access to major transportation hubs. The location also will make it easier for Polystrand to ship finished goods and meet with customers for future product development.
Douglas Holdings expects the move to create 240 jobs during the coming years as Polystrand expands.
PN notes price corrections for ABS, PVC
AKRON, OHIO — Plastics News is correcting prices for ABS and dispersion PVC on this week's resin pricing chart.
ABS prices in North America have increased an average of 20 percent since the start of the year, resulting from continued market tightness for ABS resin itself, as well as for feedstocks such as butadiene and benzene, which is used to make styrene monomer. Supplies of imported ABS from Asia also have been constrained, and BASF Corp. has endured some production issues at its styrenics plant in Altamíra, Mexico, according to market sources.
The resulting price increase works out to an average of 26 cents per pound, based on prices previously reported on the PN pricing chart. This increase is shown this week.
In dispersion PVC, prices also have increased in the last 18 months as a result of production challenges, higher feedstock costs and a reduction in the number of producers in the market. During that period, North American prices for the material have increased an average of 26 cents per pound. This change also is shown on this week's chart.
2 families in battle for Pittsburgh molder
PITTSBURGH — Two families are battling for ownership of Pittsburgh Plastics Manufacturing Inc., a maker of plastic cushioning products based in Butler, Pa.
Three members of the Fortunato family filed suit June 9 in U.S. District Court in Pittsburgh against two members of the Zona family and against PPM. The firm is majority-owned by the Zonas, with the Fortunatos owning a stake of 25 percent.
The Fortunatos are asking the court to appoint a receiver for PPM, which has seen its sales fall from almost $3.5 million in 2005 to less than $1 million in each of the last two years.
They also want the court to enforce an agreement they had in place with James Zona — PPM's founder, who passed away in 2009 — that would allow them to acquire a majority stake in the firm.
As Zona's health declined, his wife and daughter “hijacked control of PPM, raided its assets and stopped making regular distributions of dividends” to the Fortunatos, according to the filing.
PPM makes cushioning products based on polyurethane, polyester, polyether and thermoplastic elastomers. The firm uses several processes, including injection molding and compression molding. Markets served by the firm include medical and foot care.