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Polysort is a portal for the plastics and rubber industry, providing
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Read the Polysort story.
INDUSTRY HEADLINES:
Rubbermaid to cut jobs, lines
The Atlanta Journal-Constitution...July 16, 2008 Wednesday
Socked by higher commodity prices, particularly for resin used in its plastics, Newell Rubbermaid said Tuesday it will exit several product lines, raise prices on others by as much as 22 percent and cut an unspecified number of jobs. It lowered its full-year, per-share earnings forecast to $1.40 to $1.60 from prior guidance of $1.80 to $1.90. The new guidance assumes the per-barrel price of oil stays around $140 in a best-case scenario. The worst-case assumption: Oil hits $200 a barrel. "In recent weeks, input cost inflation has accelerated dramatically, especially in resin, which is the largest single component of our cost of goods," Mark Ketchum, Newell Rubbermaid's president and chief executive, said in a statement. "Unfortunately we don't see this situation reversing course. In categories where resin is a high percentage of cost of goods sold and the consumer's willingness to pay for innovation is low, the economics are no longer viable."
THE GOODYEAR TIRE & RUBBER COMPANY; Goodyear to Close Australian Tire Plant
Lab Business Week...July 13, 2008
The Goodyear Tire & Rubber Company (NYSE:GT) announced plans to close its Australian manufacturing facility as part of its strategy to reduce high-cost manufacturing capacity globally and provide cost effective high-value-added products that the market is demanding (see also The Goodyear Tire & Rubber Company).
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POLYSORT NEWS:
POLYSORT DESIGNS, OPTIMIZES INDIANA POLYMERS WEBSITE
Polysort LLC has created a new website with greater functionality and an updated look and feel for Indiana Polymers, a supplier of commodity thermoplastics and reprocessed resin.
Visit our press office for more Polysort news!
VISIT THESE FEATURED SITES...
HM Royal Inc.
GLS Corporation
Kitterman Plastics (now Forte Product Solutions)
Butler-MacDonald, Inc.
PlastiVac Inc.
Dipol Chemical International Inc.
Smithers Scientific Services, Inc.
Packaging Horizons magazine
Sumitomo Plastics-Machinery
Mac Divitt Rubber Co. LLC
Teijin Kasei America
Purgex from Neutrex, Inc.
Sumitomo Plastics Machinery:
Visit our new web site to see our injection molding machines
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