Featured Articles

Injection molding: Engel doing well in India, tops in auto sector

By PlasticsToday Staff
Published: December 20th, 2010

The Austrian-based injection molding machine and automation supplier Engel says it recorded an exceptionally high level of sales in India during its 2009-2010 fiscal year, particularly for its tiebarless machines and multicomponent systems.

According to Jitendra Devila, manager of Engel Machinery India Pvt. Ltd., "Investments in high-quality machines are constantly increasing in India." Following the financial/economic crisis, Indian industry continues on a path of modernization, says Engel, with molding machine imports playing a major role in the country's recovery.

Top 25 medical device breakthroughs of the past 25 years

By Matt Defosse
Published: December 20th, 2010

Processors active in the medical market will not be surprised to know that plastics play an integral part in many of the top 25 breakthroughs in medical device design and manufacturing during the last quarter century.

Future bright for solar energy at Toray Plastics

By Matt Defosse
Published: December 20th, 2010

The plastic films extruder intends to install a $2 million photovoltaic system to help power its operations with solar energy. Funding will come from Toray, grants and loans from the Rhode Island Economic Development Corporation's Renewable Energy fund, and state and federal grants made possible by the Federal American Recovery and Reinvestment Act of 2009.

Plastics packaging: Silgan acquires plastic closure manufacturer IPEC Global

By PlasticsToday Staff
Published: December 20th, 2010

Silgan Holdings Inc. (Stamford, CT), a supplier of consumer goods packaging products, acquired IPEC Global Inc., a plastic closure manufacturer serving primarily the North American dairy and juice markets. IPEC had sales of approximately $35 million for the last 12 months, and is headquartered in New Castle, PA. The purchase price was funded through available cash on hand, and the transaction is expected to be slightly accretive to earnings in 2011.
   

Ron Schroeder, EPCO co-founder, dies at 78

By PlasticsToday Staff
Published: December 20th, 2010

Ron Schroeder, whose efforts were instrumental in creating the market for refurbished plastics processing machinery, passed away on December 17, 2010 from complications of a rare form of Parkinson's disease. He was 78.

Schroeder was co-founder and long time president of EPCO. He is survived by his wife of 57 years, Dee; their daughters, Judy and Ann, and son, Steve; and their spouses. He enjoyed time with his seven grandchildren and one great-grandchild.

Composites: Delcam's 35,000th PowerMill user is very ship-shape

By PlasticsToday Staff
Published: December 20th, 2010

Many of us use Delcam PowerMill CAM software to make molds and dies. However, recently initiated user number 35,000 is different, employing the CAM package to program robots that make components for large, expensive, performance yachts.

Onex mulls IPO, sale for Husky

By PlasticsToday Staff
Published: December 17th, 2010

Canadian private equity firm, Onex (Toronto) is weighing an initial public offering (IPO) for its portfolio company, Husky Injection Molding Systems Ltd. (Bolton, ON), according to various media reports. The Wall Street Journal, following on a story by Bloomberg, is reporting that Onex is considering a "dual-track" process to move the maker of injection molding machinery, hot runners, and tooling, either seeking another private equity buyer or initiating an IPO. 

Plastic pallets take on wooden pallets in Intelligent Global Pooling Systems lawsuit

By Clare Goldsberry
Published: December 17th, 2010

It appears that Intelligent Global Pooling Systems (iGPS) has had enough. The company, which offers a pallet rental service providing all-plastic pallets with embedded RFID (radio frequency identification) tags, filed suit on Dec. 10 against the National Wooden Pallet & Container Association (NWPCA) and its President and CEO, Bruce N. Scholnick, in the District Court of Dallas, TX.

Alpha Packaging acquires Progressive Plastics in blowmolding buyout

By PlasticsToday Staff
Published: December 17th, 2010

Blowmolded packaging manufacturer Alpha Packaging has acquired Progressive Plastics, exploiting newly gained private equity backing from Irving Place Capital, which purchased Alpha in September. Alpha Packaging's acquisition of Progressive Plastics also builds on its own recent addition of two-stage polyethylene terepthalate (PET) injection stretch blowmolding.

Lawsuit against plastic pipe manufacturer JM Eagle suffers more apparent setbacks

By Clare Goldsberry
Published: December 17th, 2010

Following on the heels of the state of Delaware’s withdrawal from the qui tam lawsuit against global plastic pipe manufacturer JM Eagle in early October, U.S. District Court Judge George H. Wu issued rulings on Dec. 7, granting various motions to dismiss, making it more difficult for the plaintiff’s lawyers, Phillips & Cohen LLP, to pursue its whistleblower case against the company. 
   

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