Friday, July 04, 2008
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Injection molding

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Johnson Controls buys Plastech´s interiors unit
DETROIT (July 2, 4:30 p.m. EDT) -- Automakers are staggering from the industry’s downturn, but the auto supply business may have just regained some stability as Johnson Controls Inc. takes over the interiors operation of bankrupt Plastech Engineered Products Inc.

Lego taking production back in-house
BILLUND, DENMARK (July 2, 3:50 p.m. EDT) -- Toy maker Lego A/S said July 1 it will end its outsourcing agreement with electronics manufacturer Flextronics International Ltd. in 2009. The Danish firm will take over Lego production from Flextronics factories in Juárez, Mexico, and Nyíregyháza, Hungary.


Ideal Tool gets new owner, somewhat-new name
MEADVILLE, PA. (July 2, 12:35 p.m. EDT) -- Joint Venture Tool & Mold LLC has acquired Ideal Tool Co. Inc., picking up new capabilities in molding, more employees, a larger customer base and a new home and name.

Plastech details uncovered despite lawyers´ efforts
DEARBORN, MICH. (June 30, 6:35 p.m. EDT) -- As the five-month, breakneck bankruptcy case of Plastech Engineered Products Inc. comes to a close, a final chapter was written last week when Crain’s Detroit Business, a sister publication of Plastics News, obtained documents Plastech’s lawyers had tried to keep private: compensation details for Brown, her husband Jim and eight other family members.

Teamwork paying off big for BASF in furniture
CHICAGO (June 30, 1:10 p.m. EDT) -- A team consisting of a designer, a material supplier and a molder collaborated successfully to produce a breakthrough product: an all-plastic cantilevered chair. The Myto chair made its North American debut recently at NeoCon World’s Trade Fair in Chicago.

Mastercraft Cos. names new management
PHOENIX (June 27, 4:40 p.m. EDT) -- Mastercraft Cos. is using a midyear lull to restructure its management ranks and target injection molding and tool-building opportunities in medical and other markets.

Auto molders may find lifeline in medical
YORK, PA. (June 27, 3:55 p.m. EDT) -- As the auto market in North America continues to struggle due to the economic slowdown, foreign competition and gas price hikes, injection molders that supply the industry are losing margin. The solution for them may be switch to the medical-molding business, a high-margin, economic-downturn-insulated and outsourcing-resistant sector.

Firms form Sunstone to produce auto parts
TEMECULA, CALIF. (June 27, 3:25 p.m. EDT) -- Two Temecula businesses that make automobile electronics and safety systems have merged and now operate under a new identity, Sunstone Components Group Inc.

Manager calls Atlantis slayings "devastating"
Higdon
HENDERSON, KY. (June 26, 7:30 p.m. EDT) -- Police in Henderson said a pair of late-night arguments with co-workers led a press operator to open fire early June 25 at Atlantis Plastics Inc.’s injection molding plant there, killing five and wounding one before turning the gun on himself. Police identified the 25-year-old gunman as Wesley Neal Higdon, a Henderson resident.

Deal lets Synergetics bring molding in-house
O´FALLON, MO. (June 26, 6:10 p.m. EDT) -- Medical-device maker Synergetics USA Inc. of O’Fallon has purchased injection molder and toolmaker Medimold Inc. for $80,000.

Steelcase boosts plastics use in products
CHICAGO (June 26, 5:50 p.m. EDT) -- Don’t expect Steelcase Inc. to change its name anytime soon, but the office furniture giant is becoming more and more comfortable with the language of plastics.

Castle Mark teams up with U.S. designers
CHICAGO (June 26, 5:45 p.m. EDT) -- Chinese custom molder Castle Mark Enterprises Ltd. already makes office furniture for some of the leading names in the business. Now the company is out to make a name for itself.

Ribless chairs hold their own against students
CHICAGO (June 26, 5:40 p.m. EDT) -- Here’s an advantage to gas-assisted molding that most plastics engineers probably never considered: It stands up better to high school boys.

Herman Miller turns to patient seating
The Nala chair
CHICAGO (June 25, 7:05 p.m. EDT) -- Herman Miller Inc. is looking to bring its experience in both design and comfort out of the office and into the hospital. The company that changed the look of high-end executive seating with its plastics-intensive Aeron chair has introduced two new treatment chairs designed to change the way patients and medical professionals alike think about furniture.

Plastech employed nine members of CEO´s family
DETROIT (June 25, 2:55 p.m. EDT)— Troubled automotive supplier Plastech Engineered Products Inc. employed nine family members of owner and Chief Executive Officer Julie Brown. A list outlining the employment of Brown family members at the Dearborn, Mich.-based injection molder was attached to the proposed $9.25 million settlement between Brown and some of Plastech’s lenders filed in a U.S. Bankruptcy Court in Detroit.


 

More Injection molding news
Six dead in shootings at Atlantis Ky. plant

Meridian exits Ford lighting plant talks

Growth prompts GMB to increase space in Ga.

Summit Plastics gaining space at Conn. site

Progressive Moulded Products cites high debt level

CCL investing $25 million in Asian expansions

U.S. automakers revving up Mexico molders

Medical molders thrive; strong growth expected

Auto molder Catalina to shut UFE plant

Trustees ask judge to block Plastech bonuses

RayConnect adding machinery, staff

Apon buys remaining stake in Cycles JV

JCI, Decoma buy Plastech assets

Malaysia molder pushing exports

Lee Huat adds all-electrics, design unit

More news
Market drives PP, PE makers to specialize

Packaging firms take cost-cutting actions

Plastic bag-ban plans popping up across US

Progressive Moulded, Polywheels latest victims

Auxiliary equipment maker Matsui relocates

Raw material costs push up PP prices again

Johnson Controls buys Plastech´s interiors unit

Lego taking production back in-house

Maker of EcoHangers raises $10 million

Ideal Tool gets new owner, somewhat-new name

Australian state proposes bag ban

Green design can bolster bottom line

Recycling bills pending in New York, Rhode Island

Recently resurrected Solutia may sell nylon unit

Armada relocates to nearby facility

 

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