NEWS
Barnes Group restructures
Barnes Group has announced that it will take a severance-related charge of about $18m in Q2 as it cuts the work- force by about 8%. The US engineering group is active in aerospace and other markets and is the parent of mould and hot runner firms Männer, Synventive, Thermoplay, Foboha plus Gammaflux and Priamus control systems firms. The restructuring will
lead to a $10m cash impact on results in the second half of 2020, with the rest coming in 2021. The company, which is headquartered in Bristol, Connecticut, expects to make savings of about $30m per year from the second half of 2020 onwards as a result. It said disruption from
Covid-19 in aerospace and industrial markets necessitated the cost cuts. �
www.bginc.com
Above: Pacific Plastics Injection Molding makes components and products for various sectors
PPIM unveils facility expansion in California
Pacific Plastics Injection Molding (PPIM), a maker of custom injection moulds and moulded plastic parts, has unveiled an expansion to its existing production facility at Vista, California. This had originally been announced in September 2019. It compris- es about 280 m2
of addition-
al manufacturing space and a further 185 m2 assembly space.
of office and
“In our initial concept, we wanted this new space to facilitate an increase of our production capacity, reduce lead times and give our
team more room to operate on the floor,” said Rob Gilman, general manager at PPIM. “Now that it is done, I’m pleased to report that we exceeded that target.” As well as the extra space, the company renovated the HVAC equipment in order to accommodate it and to enhance existing working environments. It also added a 165-tonne vertical injec- tion moulding machine “to accelerate product delivery and meet expanding customer demands”, and it plans to install five addition-
al presses at some point. Minneapolis-based Diversified Plastics (DPI), a custom injection moulder, acquired PPIM in late 2018 Since then, investments
have taken place in multiple production and equipment upgrades at PPIM, including a customised automated loading system in April. This uses advanced robotic technology, decreasing production times by 34% and reducing scrap material by about half, the company stated. �
www.pacificplastic.com
Fakuma go-ahead decision set for end-July
The organiser of the Fakuma 2020 trade fair due to take place in Frie- drichshafen, Germany in October is hoping to give the go-ahead to the event by the end of July once approval is given by state authorities for its compliance with Covid-19 restrictions. The company, PE Schall, said in a
statement on 29 June: “An implemen- tation concept is currently being worked out in close cooperation amongst the responsible authorities, venue operator Messe Friedrichshafen
10 INJECTION WORLD | July/August 2020
and trade fair promoters PE Schall GmbH & Co KG, in order to comply with all of the requirements resulting from the corona pandemic.” It said that, after submission of the plan to Baden-Württemberg’s Ministry of Economics and Ministry of Social Affairs for approval, “Schall’s stated goal is to be able to give exhibitors and cooperation partners the go- ahead for Fakuma 2020 no later than the end of July 2020.” A number of injection moulding
machinery companies, including Engel, KraussMaffei, Wittmann Battenfeld and Sumitomo Demag, have since released statements saying they will scale back their presence and have no “active participation” at this year’s Fakuma. They have not withdrawn but say they will have no machinery and few, if any, staff at the event. At Fakuma 2018, when the event
last took place, there were 1,993 exhib- itors and 47,650 visitors. �
www.fakuma-messe.de
www.injectionworld.com
IMAGE: PPIM
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