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Exopack buys two Bemis film plants for $81 million

By Tony Deligio
Published: June 15th, 2010

Flexible packaging supplier Bemis Co. Inc. (Neenah, WI) has sold its Menasha, WI, and Catoosa, OK facilities to Exopack Holding Corp. (Spartanburg, SC), in a deal that it believes will satisfy a competitiveness requirement from the U.S. Dept. of Justice following its 2009 acquisition of Alcan Packaging Food Americas.

TPE North American resin pricing, June 7-11: PE down $0.01-$0.02/lb; PP off $0.02/lb; June contracts likely to settle lower

By PlasticsToday Staff
Published: June 15th, 2010

Market overview: Polyethylene (PE) and polypropylene (PP) prices continued to fall last week, with PE dropping $0.01-$0.02/lb and PP down another $0.02/lb. After a two-month slide, monomer markets did find some stability, however, according to plastics spot-trading platform, The Plastics Exchange (TPE), with two-sided action seen. Overall spot resin supplies have improved and contract resin buyers will find "considerable relief" in June, according to TPE.

Extruder maker Rajoo acquires thermoform machinery maker Wonderpack

By Matt Defosse
Published: June 15th, 2010

A major merger in India brings together Rajoo, a leading manufacturer of blown- and cast-film extrusion machinery, with Wonderpack, which makes thermoforming machinery for both roll-fed and heavy-gauge sheet-fed applications.  

Injection molding: Haitian coasted through recession, and adding new machines

By Matt Defosse
Published: June 15th, 2010

Its exports sank last year but the Chinese domestic market proved strong enough to drive sales and earnings higher for Haitian, the world's largest manufacturer of injection molding machinery. CTO Helmar Franz predicts continued growth for the company, and also offered a preview of its newest machines.

K 2010: More international, more new technology, and even (yes!) more business

By Matt Defosse
Published: June 15th, 2010

The K 2010 tradeshow again seems to fall at a near-perfect time, when processors' pent-up demand after little investment in 2008/09 will be given free reign at the single event that draws more plastics processing technology than any other.

Brazilian bottle blowmolding market boasts strong growth

By Tony Deligio
Published: June 14th, 2010

São Paulo—Propelled by carbonated soft drinks (CSD), health drinks, and most recently aseptically filled products like milk beverages, Brazil’s polyethylene terephthalate (PET) stretch blowmolding market is heating up, fueled by income gains for large segments of the fifth-most populous nation in the world that are making things like bottled water and soda newly accessible to everyday Brazilians.

Brazil looks beyond its domestic market to build national plastics industry

By Tony Deligio
Published: June 14th, 2010

São Paulo—Blessed with tremendous growth potential in its own backyard, Brazil's plastics converting industry isn't content to simply grow through the increasing demand of its own burgeoning domestic market, as leading producers teamed last week with the Brazilian government to promote their output beyond Brazil's shores and into the export market.

Names in the News: Genesis, D-S, W. Amsler, Teknor Apex, Total, CMAI, ACC, SST, and ACS

By PlasticsToday Staff
Published: June 14th, 2010

Radio frequency (RF) welded thermoplastic products manufacturer Genesis Plastics Welding (Indianapolis, IN) has promoted Tom Ryder to president and CEO. Through his 20-year career, Ryder has held a variety of leadership positions, including COO and VP sales and marketing for Genesis. The company says that under his leadership, Genesis's sales revenues have grown eight times over since 2002. Ryder succeeds Randolph (Dolph) Smith, who retired after serving as Genesis president and CEO for 17 years.

American Mold Builders Assn. awards $11,000 in scholarships

By PlasticsToday Staff
Published: June 14th, 2010

The American Mold Builders Assn. (AMBA) announced that the national office of the AMBA awarded $11,000 in scholarship funds for 2010. AMBA chapters awarded an additional $6500 in scholarship funds. Each year the AMBA national awards scholarships from its education fund to the dependants of AMBA member-shop employees.

The National Scholarship winners were:
$1000 to Hattie Nicole Willard, University of Central Missouri, daughter of Gary Steven Willard, engineer at Creative Blow Mold Tooling.

Netstal plans end to manufacture of fully hydraulic range

By MPW Staff
Published: June 11th, 2010

Executives at injection molding machine manufacturer Netstal Group (Näfels, Switzerland) announced this week at their company's pre-K2010 press conference that they see no future in full hydraulic machines, at least for the top end portion of the market that the company serves. As a result, Netstal gradually will end production of its traditional SynErgy family of equipment.

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