Featured Articles

Playmobil orders 30 presses from Sumitomo Demag

By PlasticsToday Staff
Published: December 21st, 2010

Toymaker Playmobil has padded its injection molding arsenal with 30 new machines from manufacturer Sumitomo (SHI) Demag. The order actually was made during the K show in Düsseldorf, Germany, which ended early last month.

Equity investor nabs plastics film converter Plastic Packaging Technologies

By PlasticsToday Staff
Published: December 21st, 2010

Mid Oaks Investments LLC has acquired flexible plastic packaging processor Plastic Packaging Technologies LLC (PPT) for an undisclosed amount. PPT employs about 200 and has processing facilities in Kansas City, KS and Columbus, OH. Its products include converted pouches, bags, and film roll stock.

TPE North American resin prices, Dec. 13-17: PE steady; PP up; $0.12/lb increase on tap for PP in January

By PlasticsToday Staff
Published: December 21st, 2010

Market overview: Spot resin-trading activity was good last week, with mixed prices and an increase in short-term supplies. Polyethylene (PE) prices were mostly steady, according to spot-trading platform, The Plastics Exchange (TPE), although its benchmark high-density (HDPE) blowmolding grade was down $0.005/lb. PP prices continued to rally, adding another $0.01/lb, as they built on the previous weeks' gains.

Prices for imported PP top domestic material in China

By PlasticsToday Staff
Published: December 21st, 2010

After six consecutive weeks during which domestic prices for polypropylene carried a premium over imported material, the cost of imported PP to processors has risen above that of the local material. Pushing the change has been the willingness of local distributors and producers to offer discounts in order to conclude deals.

Rhodia makes pronounced push into India’s plastics market

By Matt Defosse
Published: December 21st, 2010

French polyamide supplier Rhodia signed a binding agreement to acquire PI Polymer, a compounder of engineering plastics based in India. The acquisition represents Rhodia's first plastics compounding capacity in India.

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.

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