Milacron to make Servo presses in Ohio
CINCINNATI — Milacron LLC is adding production of its Magna Servo injection presses to the U.S.
Ferromatik Milacron India Ltd., the company's operation in Ahmedabad, India, developed the line and has produced the machines since 2008. Cincinnati-based Milacron has been importing those presses since 2008.
Officials cited increased North American demand as the reason to also build the Magna Servo line in Batavia, Ohio. Management expects to add jobs at the Ohio assembly plant.
The presses gain a higher level of energy efficiency by using a variable-speed electric servomotor to drive a fixed-volume gear pump. The servomotor allows the pump to deliver only as much oil as is needed for each stage of the process.
“Servo-driven pumps are giving new life to otherwise outdated hydraulic technology,” said Brian Bish, Milacron's hydraulic machine product manager. He said the machines are similar in price to standard hydraulic machines, but provide almost as much energy savings as all-electric presses.
Milacron offers Magna Servo presses in clamping forces of 125-400 tons. Milacron will show the machines at NPE2010, set for April 1-5 in Orlando, Fla.
A. Schulman buying France's Elian SAS
FAIRLAWN, OHIO — Compounder A. Schulman Inc. is expanding in Europe and boosting its specialty color masterbatch business, buying Elian SAS from British Vita plc. Elian employs about 100 and is located in France's “Plastics Valley” in Oyonnax.
Fairlawn-based Schulman announced Jan. 30 it has a definitive agreement to buy Elian for about 48 million euros, or $63 million. The deal is set to close in early February. Schulman said the deal boosts its presence in the fast-growing health-care and cosmetics markets. Schulman already has color operations in Belgium, Sweden, Poland, Hungary, the United Kingdom and Italy.
“The acquisition of Elian will move us into the No. 3 position in France's color masterbatch market,” Schulman Chairman, President and CEO Joseph Gingo said in a news release. “We will continue to seek out global opportunistic acquisitions that will diversify our end markets,” he said.
Injection molder now Phillips-Medisize
HUDSON, WIS. — Giant injection molder Phillips Plastics Corp., which gets 75 percent of its $500 million in annual sales from the medical business, is changing its name to Phillips-Medisize Corp.
The change adds the name of the European company Phillips bought in the summer to the corporate moniker.
“The new name will take full advantage of the wonderful franchises that both these companies have built over the last 30-plus years,” said Phillips-Medisize CEO and President Matt Jennings in announcing the change Feb. 2.
The Hudson-based company has more than 2,100 employees in 19 locations throughout the U.S., Europe and China. It also has design centers in Wisconsin, California, and the Netherlands.
Three-quarters of the company's sales come from drug-delivery, medical-device and diagnostic products. The company's new website will be phillipsmedisize.com. But it said it plans to continue to operate its two existing websites — medisize.com and phillipsplastics.com — for the foreseeable future.
Phillips-Medisize has been owned by private equity firm Kohlberg & Co. LLC since December 2010.
Pactiv invests $5.5 million in S.C. plant
LAKE FOREST, ILL. — Pactiv LLC will expand its operations in South Carolina, investing $5.5 million to add a new production line to its Beech Island thermoforming facility.
The expansion is slated to begin in February and includes plans to add to the facility's warehouse to consolidate Pactiv's regional operations.
The expansion is expected to generate 25 new jobs over the next three years.
“Obviously new jobs in a community is something that we're always looking for, especially from an already-existing company,” Will Williams, director of the nonprofit Economic Development Partnership, said in a Feb. 1 phone interview.
Pactiv did not return calls seeking comment.
Based in Lake Forest, Pactiv is the top thermoformer in North America, and ranks No. 25 in film and sheet making, according to Plastics News rankings.