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: 2007.
General Motors introduces the Volt electric concept car at the Detroit auto show. GE Plastics participated in project, and its materials are used throughout the vehicle, both for exterior and interior parts. The Volt makes it into production within a few years, although not with the same cutting edge style or material selection. Insiders said the automaker wanted to concentrate on the powertrain, and felt material changes would be too much to undertake at once.
Pipe giants JMM and PW Eagle are coming together to form J-M Eagle, a merged firm with sales of about $2.5 billion and an estimated 25 percent of the North American pipe market.
Alfred Teo Sr., owner of plastic bag and film maker Sigma Plastics Co., is sentenced to 30 months in prison for insider trading. The case does not involve Sigma, but instead Musicland Stores Corp., where Teo was the largest shareholder.
The Canadian automotive injection mold toolmaking ranks thins out again as the 34-year-old Hallmark Technologies shuts down. The slowing auto industry, supply payment issues and exchange rates between the U.S. dollar and Canadian dollar are hitting the Windsor area toolmakers especially hard.
Cadence Innovation LLC, a company formed out of the remnants of other bankrupt auto suppliers, is a lead bidder for nine former Collins & Aikman Corp. plants. Cadence already has $665 million in new business booked through 2011.
One-stream recycling streams are leading to increased recycling rates from communities which have the program, a new survey says.