Sarah Kominek Staff Reporter [email protected] (313) 424-4019 See All Staff Page Recent Stories China-owned parent company of GD Medical Inc. is buying Trademark Plastics for $42M Italy-based Unigasket buys MTO Hose Solution to grow in US Unigasket Group plans to continue expanding — to support production capacity and improve efficiency for existing production lines — in 2023. 'High cost of doing business' part of pressures on Proper Tooling Tooling suppliers "spend most of their time chasing money," said Laurie Harbour, president and CEO of Harbour Results Inc. Inteva Products permanently lays off 149 in Michigan Inteva Products Inc. is permanently laying off 149 employees at its Adrian, Mich. plant. Yanfeng invests $49.6M to expand in South Carolina Yanfeng Automotive Interiors is investing $49.6 million to expand its operations in Fountain Inn, S.C. Arcane buys Poly-Tech Plastic Molding to create new platform Little Rock, Ark.-based investment firm Arcane Capital Partners has acquired injection molder and extruder Poly-Tech Plastic Molding Inc. in Prairie Grove, Ark., with plans to build a new platform under the brand. Hyundai, Kia supplier Ecoplastic investing $205M in Georgia Automotive parts manufacturer Ecoplastic Corp. is investing $205 million in a new manufacturing facility in Georgia. Sabic sets its sights on EV charging infrastructure for future markets Saudi Basic Industries Corp. is touting plastic materials in its existing portfolio to replace metal components in the electric vehicle charging infrastructure. Medical molder Cadence buys metal supplier Utitec Staunton Va.-based medical supplier Cadence Inc. has acquired Utitec Inc., a manufacturer specializing in miniature, deep-drawn metal medical device and commercial components. Hollingsworth & Vose invests $40M in Virginia expansion East Walpole, Mass.-based advanced materials manufacturer Hollingsworth & Vose is investing $40.2 million to expand one of its Floyd, Va. facilities. Auto lighting supplier Luxit Group buys Proper Group molding plant Farmington Hills, Mich.-based automotive lighting supplier Luxit Group has acquired an 88,000-square-foot lighting products manufacturing facility in Pulaski, Tenn., from Proper Group International LLC. Novares sells bezel, clusters business to Portuguese investment group Novares will sell its European bezels and clusters business to Portugal-based Grupo Manuel Champalimaud, a company that also owns injection molder GLN. Purdue research could add electronic sensors through 3D printed parts Adding the electronic sensors would make it possible to track the stress on an entire 3D printed part and also lead to embedding sensors on flexible film that could track vital health data. Technimark invests $27M to expand capacity in Ireland Asheboro, N.C.-based Technimark LLC is investing $27 million to expand operations in Longford, Ireland, doubling the size of its existing plant. Walbro buys Cascade Engineering's powersports business Tuscon, Ariz.-based fuel systems supplier Walbro Corp. has acquired the assets of Cascade Engineering Inc.'s powersports business including a 50,000-square-foot facility in Grand Rapids, Mich. Load More
