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news Carclo feels Brexit pressure news in brief

UK-based Carclo provided an update on trading last month, highlighting a good start to the year for its Technical Plastics division but warning of pressure on its financial reserves following the UK’s vote to exit the EU. Carclo said its international

Technical Plastics injection moulding division had seen good demand from its healthcare customers. It said it is expanding its Indian moulding operation following confirmation of additional production volumes from a long-standing customer. New work has also been secured for the company’s Chinese plant. The company added that its

LED Technologies division, which includes the Wipac luxury and supercar ligiting business, is also performing well, while demand has been stable in its

Ventra upgrades painting

Canada’s Ventra Plastics, which makes bumpers, wheel covers and other parts for the automotive industry, has added new paint robots at its moulding plant at Peterborough, Ontario, as part of a CAN$5.5m (€380m) invesment designed to lift output.

The project was

completed in July and included CAN$550,000 from the Eastern Ontario Development Fund. ❙


Carclo reports good demand from its healthcare industry customers

❙ Colour and additive company Americhem has announced a collaboration with laser welding specialist LPKF Laser & Electronics. Within the new partnership, LPKF supplies the production equipment and process solutions; Americhem provides colouring technol- ogy for the upper and lower layers.

aerospace business. It noted, however, that it

expects to see a significant increase in its pension deficit by the end of September because of the fall in corporate bond yields in the UK since the EU referendum on 23 June. As a result, it warned its available distributable reserves would be extinguished and it may not be able to pay the 1.95p/share dividend it declared on 7 June

and scheduled for payment on 7 October. Carclo posted a 10.7%

increase in revenues for the 12 months to 31 March this year to £119.0m, while divisional underlying operating profit was up from £9.9m in to £12.8m. The Technical Plastics division, which accounts for about 60% of sales, saw a 9.6% increase in sales to £70.5m. ❙

Ube/Mitsubisi detail machinery merger

Ube Machinery Corporation and Mitsubishi Heavy Indus- tries Plastic Technology (MHIPT), both parts of giant Japanese conglomerates, have agreed on a transfer of shares that will merge their busi- nesses in injection moulding machinery. The new company will begin operations on 1 January 2017.

As part of the process, Ube

will take an 85% equity stake in MHIPT and will also take over its sales bases in the core overseas markets: North America, China and Thailand. Other overseas sales bases

INJECTION WORLD | September 2016

will remain within Mitsubishi. A new sales subsidiary of Ube will be created to handle the machines made by both companies.

Ube Machinery is by far the

larger of the two partners, having sales of ¥45bn (€390m) in the last fiscal year and 1,034 employees, as of 1 April, against ¥10bn (€87m) and 145 employees for MHIPT. Both make injection moulding machines and auxiliary parts, Ube also being active in die casting machines. ❙

❙ Moulding automation specialist Hekuma will break ground on a new manufac- turing headquarters at Hallbergmoos in Germany next month. The 18,000m2 facility will be completed before the end of 2017. Hekuma Managing Director Bernhard Rupke said the Elexis group company has seen sales double over the past four years, reaching €51m last year.

❙ Two German firms, Prettl Manufacturing and Raven- Tech, have formed a joint venture in Mexico - PR Appliance Technologies – to act as a development partner for manufacturers in the household appliances industry. The business will be located at Querétaro. “The specialist knowledge that RavenTech will bring to the joint venture, as a provider of product development services, is an ideal comple- ment to Prettl’s global expertise in production using plastics,” said Prettl.

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