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Plastics News

Earth911.com - 06/26/2009

Recycling industry representatives suggest that the tide is turning, with export demand building up slowly and domestic demand finally stabilizing. And unlike other sectors of the economy, most recycling companies seem to have weathered the rough times and stayed in business.

European Plastics News - 06/26/2009
European industry associations PlasticsEurope, EuPC and Euromap are calling for the EU to provide further assistance for the member states’ plastics industry, claiming this will help the region pull out of the economic downturn. The groups have drawn up a joint statement and suggest ideas for R&D investment and tax breaks “to outline the way in which the plastics industry can effectively contribute to gearing up for the recovery”.
Tribune-Review - 06/26/2009

Standing in a sparse warehouse in a Plum industrial park, surrounded by stacks of used televisions and computers, Ned Eldridge has a vision for an electronics recycling business that will not only prove profitable, but will end up helping the environment. Eldridge is president of eLoop LLC of Murrysville, which collects used electronic equipment — such as computers, fax machines, cell phones, laser printers and televisions — and tries to keep hazardous materials out of landfills by refurbishing discards for resale, or disassembling them for further processing by other recyclers.

The News Tribune - 06/25/2009

By the end of the year a Fortune Global 500 company and the nation’s third-largest auto parts supplier will call Puyallup home.  Saint-Gobain Performance Plastics announced in February that it would relocate its Seattle’s Rainier Valley neighborhood plant to Puyallup along with 115 employees. The plastics company is a division of French-based Saint-Gobain, which ranks 110th on this year’s list of Fortune Global 500 businesses. Saint-Gobain generated nearly $60 billion in revenue last year and $2 billion in profits.

Plastemart.com - 06/25/2009
Rapid Granulator AB, the Swedish-based leader in plastics granulation and technology, and part of the Pennsylvania based IPEG, announced at the NPE show that it has acquired Avian Machinery, the Shanghai-based manufacturer of granulator and recycling systems. The new investment reflects a significant step forward in Rapid's Asian capabilities, giving the company access to a well established Chinese and Asian distribution network, as well as significantly expanding its local manufacturing and assembly capabilities.
ICIS News - 06/24/2009
Tightened credit and weak sales will likely put 15% of the U.S. custom moulding industry - or 1,170 firms - into some form of bankruptcy, a consultant said on Wednesday during NPE 09 in Chicago.  In all, the U.S. has 7,800 custom moulders, with total sales of roughly $100 billion, said Jeff Mengel, partner and head of the plastics team at Plante & Moran a U.S. consulting firm.
AZom.com - 06/24/2009

Attendance at this year's NPE09 plastics industry tradeshow in Chicago was down 30% from three years ago to 42,000, but the show's sponsor, the Society of the Plastics Industry, remains optimistic about the tradeshow's relevance to plastics industry businesses.

Plastics & Rubber Weekly - 06/24/2009
Wittmann Battenfeld plans to re-enter the large machine market and introduce a new generation all-electrics, it revealed at the NPE show in the US. The company also launched a series of robots, equipment and manufacturing cells to take advantage of its year-old acquisition of Battenfeld’s press making operations.
The Connecticut Post - 06/24/2009

The Farrel Corp. has called Ansonia, Conn., home since its founding before the Civil War, but now the business is looking to relocate -- possibly to Shelton.

Missourian - 06/24/2009

As the auto industry continues to erode, three of Columbia, Mo.’s four auto parts manufacturers — Engineered Plastic, Dana Corp. and Otscon Inc. — have been forced to cut costs. Parts suppliers across the country have been hobbled by depressed auto sales and production shutdowns at both General Motors Corp. and Chrysler.

The Grand Rapids Press - 06/23/2009
In the decade since W. Lee Hammond purchased Bata Plastics Inc., the business has grown from a two-person operation to what he calls West Michigan's largest plastic recycler with 70 employees. A new alliance with a Grand Rapids furniture company now opens the door for even more manufacturing uses for recycled plastic. Bata, housed in a former Steelcase plant, buys scrap plastic and sells it in the form of pellets to be molded into new products. In the past decade, annual sales climbed to $9 million from $900,000 in 1999, said Hammond, owner and CEO.
PRNewswire - 06/23/2009
Huntsman Corporation (NYSE: HUN) today announced it has reached agreement with Credit Suisse and Deutsche Bank (the "Banks") to settle Huntsman's claims and end the ongoing trial against them in Texas state court for fraud and tortious interference in connection with Huntsman's terminated merger agreements with Basell and Hexion Specialty Chemicals, Inc.
The Gazette (Iowa) - 06/23/2009
A bankruptcy trustee recommended Tuesday that SHF Industries be allowed to buy most of the assets of kosher meat processor Agriprocessors for $8.5 million, in addition to funds already committed to buy up about $21 million in debt owed two of Agriprocessors’ largest creditors. SHF is led by Heshey Friedman, the president of Montreal-based Polystar Plastics, which manufactures packaging for poultry and other meats. Friedman has two other partners in the venture, Daniel Hirsch and Mitch Kirschner.  The men incorporated SHF on May 6 in Iowa, apparently for the sole purpose of buying Agriprocessors.
Wapakoneta Daily News - 06/23/2009
Six Wapakoneta, Ohio, companies employing approximately 630 people could benefit from a bill proposed by U.S. Sen. Sherrod Brown, officials with a research organization reports.
Brown, D-Ohio, is pushing a bill he introduced last week to create a $30 billion revolving loan program to help auto suppliers and other small to mid-size manufacturers retool for the clean energy industry.
Reuters - 06/23/2009
Oil and gas behemoth ExxonMobil has thrown its weight behind a project that combines two gas-saving initiatives: electric vehicle technology and car sharing. Before you celebrate this as a new push to cut reliance on fossil fuels, we should be more exact: If you think of Exxon as a 300-pound linebacker, it has just thrown the weight of its little finger behind the small electric car-sharing program called AltCar launched today in Baltimore with low-speed electric vehicle maker Electrovaya. It’s making a larger push for vehicle technology in general — outside of its deal with Electrovaya — working on synthetic blends
Media NewsWire - 06/23/2009
Could medical plastics processing be a shot in the arm for Pennsylvania's ailing manufacturing sector? The Commonwealth thinks so, and has awarded funding for a new research initiative at Penn State Erie, The Behrend College, to make the diagnosis. A $150,000 Keystone Innovation Zone Starter Kit grant will be used to help establish a Medical Plastics Research and Technology Center within the college's School of Engineering.
Canadian Plastics - 06/20/2009
The NPE2009 trade show in Chicago will be the subject of a documentary by a two-man team from a U.S. college, designed to spotlight careers in the plastics industry.  The Pennsylvania College of Technology and WVIA public television have been collaborating on a series, called “Degrees that work”, that focus on building awareness of various careers.

ICIS News - 06/19/2009
Bioplastics and energy conservation will play a larger role at this year's NPE, North America's largest plastics conference, which begins on Monday in Chicago. "The difference is night and day," said Robert Martino, a public-relations representative for NPE. In addition to bioplastics, the show will include exhibits for additives designed specially for the material, Martino said.
Forbes.com - 06/19/2009
A specialty chemicals manufacturer based in France will build a $362 million plant in the chemical belt of Iberville Parish to make polymers, including some that can be used in oil wells to produce more petroleum, company and Louisiana officials said Friday.
Wall Street Journal - 06/15/2009

The auto-industry meltdown is forcing a transformation among automotive suppliers, which are slowly diversifying into more-promising markets such as medical devices and green energy.

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