Members of the Michigan congressional delegation are asking U.S. Treasury Secretary Steven Mnuchin to provide financial assistance to auto suppliers using existing funds within the $2.2 trillion coronavirus relief package signed into law in March.
Volkswagen AG, General Motors Co. and BMW AG, for example, all have a "rich history" of using additive manufacturing to produce spare parts, tooling and other low-volume components, according to Ford Motor Co.'s Ellen Lee. But automotive has specific needs in terms of scale, cost and materials that differ from other industries.
US Extruders Inc. now has a complete line of extruders designed specifically for the medical industry that it will be showing for the first time at MD&M West this month. The company, a manufacturer of custom single-screw extruders in Westerly, R.I., introduced its first-generation Med-Ex extruder at the show last year.
The Horsham, Pa.-based company, which designs, develops and manufactures custom composite materials for the commercial, energy and defense sectors, is expanding into a second manufacturing plant in Greenville that will allow the company to continue to grow its production operations.
As CH3 Solutions LLC brings in bigger equipment and bigger business, the open space on its manufacturing floor is shrinking. This has led the company to swap out some of its smaller-tonnage injection molding machines as it makes room for the big ones.
As the company’s top executive, Lon Offenbacher has spent the last 12 years steering Inteva Products LLC through macroeconomic and automotive industry-specific ups and downs ranging from the 2007-09 recession that devastated labor markets and the U.S. economy to the United Auto Workers’ weekslong strike against General Motors Co. last year.
Reynolds Consumer Products Inc., the owner of Hefty, Presto and Slide-Rite brands in the plastics business, has set the terms for its initial public offering: a proposal that could raise up to an estimated $1.37 billion, according to a Jan. 21 filing with the U.S. Securities and Exchange Commission.
Plastic sheet distributor A&C Plastics Inc. is expanding its headquarters in Houston by an additional 112,000 square feet. The expansion includes the addition of a 35,000-square-foot, two-story office building and a 77,000-square-foot warehouse.