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Plastics News

 •  December 13

Caroline Seidel Friedrichshafen, Germany — Plastics processing is a capital-intensive industry, but leasing injection molding machines can help processors ramp up quickly — or add new technology for a specific job — without tying up too much money, officials of KraussMaffei Group said. The leasing packages cover KraussMaffei and Netstal injection...

Plastics News

 •  December 13

An affiliate of Atek Cos. has purchased Delano, Minn.-based rotational molder Solar Plastics Inc. Solar Plastics LLC, a newly created entity affiliated with Atek, announced the deal Dec. 12. The company is buying the assets and certain liabilities of Solar Plastics, including factories in Delano and Davenport, Iowa. All employees were...

Plastics News

 •  December 12

Amid upheavals in the toy market, smaller companies carry on. The bankruptcy of Toys R Us signals a major shift in toy retailing. This change can make for a bumpy ride, but it is just a distraction to innovative toy companies that vie for the attention of children and their parents. "Retailers are having their struggles," said Ashley Thompson, CEO...

Plastics News

 •  December 11

China National Chemical Corp. (ChemChina) is moving forward with plans to list KraussMaffei Group GmbH on the Shanghai Stock Exchange. In a Dec. 11 news release, ChemChina said KraussMaffei will become a subsidiary of Qingdao Tianhua Institute of Chemistry Engineering Co. Ltd., a Chinese industrial equipment manufacturer that also makes tire and...

Plastics News

 •  December 11

Brazil Machinery Solutions Mexico City — The dozen machine manufacturers that were at Brazil's pavilion at Mexico's four-day Plastimagen trade show in November did deals worth $14.1 million, according to export promotion program Brazil Machinery Solutions. BMS said buyers from Mexico, the United States, Peru, Ecuador, Guatemala, Costa Rica, El...

Plastics News

 •  December 11

New Delhi — Omya India Private Ltd., a wholly owned subsidiary of Switzerland-based Omya International AG, a producer of industrial minerals, is expanding its two sites in India. "We are expanding on the western side of India in two sites of Surat and Taloja," said Marco Viel, vice president of packaging at Omya International, at the recent...

Plastics News

 •  December 11

Valencia Pipe Co. Valencia Pipe Co. expects to begin production of ABS pipe at a new 60,000-square-foot facility in Kingman, Ariz., on Feb. 1. The Valencia, Calif.-based company is building a manufacturing plant with 10 extrusion lines on a 13-acre site that has room for expanding capacity, according to a news release. VPC will produce ABS pipe in...

Plastics News

 •  December 11

Long Beach, Calif. — Family-owned Medway Plastics Corp. is having success using fully insulated Thermal Control Solution-brand radiant heating systems on its larger injection molding machines. "The heaters are all working well," said Thomas Hutchinson Jr., Medway Plastics president and co-owner. "Some have been in service for more than six years...

Plastics News

 •  December 11

An economic downturn for Dow Chemical Co. 15 years ago turned out to be a blessing for one of its engineers, Chris Edwards, who had been working on a composites technology the company was no longer interested in commercializing. At a meeting in 2002, Edwards recalls then-Dow CEO William Stavropoulos announced: "If it's not profitable today, and...

Plastics News

 •  December 11

New Delhi — Affordable pouch-sized plastic packaging is emerging as a key driver of growth for India's packaging sector, but some in the industry are warning that a lack of recycling infrastructure could stand in the way. The head of a dairy cooperative in the state of Gujarat, for example, told a recent industry summit organized by the Indian...