As Plastics News marks its 25th year of publication, we take a year-by-year look back at some of the events, people and curious coincidences that have shown up its its pages. Check back through the end of the year (not including holidays) to follow along. This year: 1993.
The National Plastics Exposition is changing its name. While it retains the initials NPE for a shorter version of the name, the official name for 1994 will be: the International Plastics Exposition and Conference.
Injection molder Rodon Group entered the toy market with an investment of more than $3 million to make a new, proprietary toy called K'Nex. Bob Glickman, Rodon's secretary and treasurer, points out that Kmart and Wal-Mart are picking up distribution of K'Nex in the coming year.
Molders looking to take advantage of the coming North American Free Trade Agreement and open shops in Mexico say they're running into an unexpected problem: Creditors worry that the companies will take their machines to Mexico and never return.
More than 30 companies are part of the estimated $275 million market for the new in-line skate business. The skates have a rigid plastic boot and polyurethane wheels. “No one's really sure right now what level of growth there's going to be,” says one molder.
Ford and GM are both considering a move that would shift the cost of tooling onto suppliers, rather than paying for molds up front. Suppliers would then amortize the cost of the tool throughout the life of the vehicle. This will not be the first or last time that automakers seek a change to tooling financing.
Portland, Ore.'s Puget Corp. is expanding production to make keyboards for Apple Computer's new Macintosh computers, shipping keyboards to Apple production in California, Ireland and Singapore.
Philips Consumer Electronics Co. of Knoxville, Tenn., is investing in laser disc production, betting that it will represent long term growth. (That's one bet that didn't pay off long term.)