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Magna ends hunt for automaker, eyes suppliers
AURORA, ONTARIO (Nov. 6, 3:15 p.m. ET) -- Magna International Inc., thwarted this week in its bid to take over General Motors Co.’s Opel unit, won’t seek to buy another car company, co-CEO Don Walker says. Instead, Magna is turning its attention toward parts makers that have lost contracts from automakers that are favoring the most financially stable suppliers. November 6, 2009
Hong Kong molders target medical devices
HONG KONG (Nov. 6, 1:10 p.m. ET) -- A group of Hong Kong companies, including some large plastic firms, want to see the region become a hot spot for manufacturing medical devices. They hope to combine what they see as their strength in manufacturing consumer electronics and other products for Western markets and join it with Hong Kong’s medical and university centers. November 6, 2009
Mass. molder Apex Resource adding workers for medical jobs
PITTSFIELD, MASS. (Nov. 5, 4:55 p.m. ET) -- Apex Resource Technologies Inc. is expanding its medical device capabilities with the help of $5 million financing package developed through help from the Massachusetts Housing Investment Corp, a private nonprofit lender. Pittsfield-based Apex, which does engineering, design and injection molding, plans to add 15-20 employees in the next 18 months. November 5, 2009
Injection molder Wright Plastics expanding in Michigan
SHERIDAN, MICH. (Nov. 5, 4:10 p.m. ET) -- Injection molder Wright Plastic Products LLC is taking on new work and making plans to add new equipment and jobs. Wright will invest $275,000 in new machinery and equipment and will add 11 jobs to the 29 employees now at its Sheridan plant during the next two years. November 5, 2009
Breaking into medical device field has advantages and pitfalls
KALAMAZOO, MICH. (Nov. 5, 2:05 p.m. ET) -- Diversifying into medical devices is a way for manufacturers dependent on the auto industry to grow revenue and avoid the ups and downs of the auto supply chain, but it takes hard work and a long-term commitment, attendees at the fifth annual MichBio Expo were told in a panel discussion Wednesday. November 5, 2009
Mexico Coke bottler saving money with lightweight preforms
MEXICO CITY (Nov. 5, 11:35 a.m. ET) -- Coca-Cola FEMSA SA de CV plans to extend the use of its PET short-height bottle finishes from Mexico to all its markets in Latin America within 12 months. The design cuts the weight of the company’s 16-ounce bottles to 20.5 grams, and has saved the bottler about $10 million in PET resin annually. November 5, 2009
Delphi has new name following reorganization
TROY, MICH. (Nov. 4, 4:50 p.m. ET) -- It’s not just the seasons that are changing. Multi-billion dollar auto supplier Delphi Corp. is now going by the name Delphi Automotive LLP following its emergence from Chapter 11 bankruptcy protection. November 4, 2009
West restructuring will eliminate 100 jobs
LIONVILLE, PA. (Nov. 4, 8:25 a.m. ET) -- Medical components manufacturer West Pharmaceutical Services Inc. plans to restructure certain business operations, resulting in the elimination of about 100 jobs, the company announced in its third quarter financial results report. The restructuring includes the re-evaluation of certain business initiatives and assets within its Pharmaceutical Systems and Tech Group segments, West said. November 4, 2009
Closure Systems International planning plant in Bangalore
INDIANAPOLIS (Nov. 3, 11:40 p.m. ET) -- Closure Systems International announced Nov. 3 that it will open a plastic closure plant in Bangalore, India, in early 2010. The plant will be the Indianapolis-based company's second in India, and 31st globally. November 3, 2009
GM cancels deal with Magna, decides to keep Opel
DETROIT (Nov. 3, 5:50 p.m. ET) -- General Motors Corp. has decided to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Aurora, Ontario-based parts supplier Magna International Inc. November 3, 2009
North American processors on the long road back to economic stability
INDIANAPOLIS (Nov. 3, 5:10 p.m. ET) -- North American plastics processors have won some big battles as they work to survive the recession, but the economic war isn’t over just yet. Plante & Moran's newest North American Plastics Industry Study offers some evidence: Of the 179 processors that submitted data, only 12 met P&M's definition of "highly successful." November 3, 2009
Processors share survival strategies
INDIANAPOLIS (Nov. 3, 5:05 p.m. ET) -- Standing around and hoping for an economic recovery won’t make it happen. That’s why plastics processors Atek Plastics, WJG Molding Enterprises Co. and Infinity Molding & Assembly Inc. have taken aggressive steps during the recent downturn. November 3, 2009
Auctions set for Visteon and CertainTeed plants
DETROIT (Nov. 3, 4:40 p.m. ET) -- Auctions are set Nov. 10 and Nov. 11 for two closed Visteon Corp. plants in Ohio and Missouri while surplus equipment from CertainTeed Corp.’s vinyl siding operation in Social Circle, Ga., will be auctioned on Dec. 3. November 3, 2009
Myers finalizes sale of two rubber businesses to Chinese buyer
AKRON, OHIO (Nov. 2, 4:25 p.m. ET) -- Myers Industries Inc. has completed the sale of its Buckhorn Rubber Products Inc. and Michigan Rubber Products Inc. businesses to a U.S. subsidiary of a Chinese company. November 2, 2009
Chinese molders gear up for green materials
HONG KONG (Oct. 30, 3:45 p.m. ET) -- China’s plastics industry, like many others, is increasingly investing in “green” materials and technologies, but most of the money thus far is targeting export markets, with China’s domestic consumers slow to register. October 30, 2009

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