NEWS


Rosti expands to India


Injection moulder Rosti is to open a new facility in Chennai, India after signing a long-term cooperation agreement with an existing customer. The facility will initially focus on high-precision plastic injection moulding and contract manufacturing services for the automotive sector. “This is a validation of


our approach of partner- ing with companies that require high standards of precision, quality and supply chain security,” said Pat Williams, SVP of Rosti in Asia. “By establishing a manufacturing presence in India, we will unlock new opportunities for growth with this key partner.” Rosti initially plans to employ 100 people at the 3000 sq m facility, expand- ing to 150-200 over the next two years. The company already


has a presence in Asia, with operations in China and Malaysia. � www.rosti.com


US plastics jobs grow 1%


The US-based Plastics Industry Association has launched its 2024 Size and Impact report, the latest annual analysis of the country’s plastics industry. Highlights of the report included: sales of almost US$520 billion in 2023; and industry employment up around 1%, ahead of the manufacturing sector average; As measured by gross


output, the plastic products portion of the plastics


industry was the eighth largest US industry in 2022 (the latest year for which information is available). “The report shows growth in the industry’s real economic value added – adjusted for inflation – an increase in its share of consumer demand, and a rise in annual payroll,” said Perc Pineda, chief econo- mist at the association. In addition, the associa- tion has launched the first Plastics Demand Estimate


report, to serve as an indicator for the plastics industry supply chain in the US. The report will be released to members monthly. “While demand will continue to vary monthly, the year-over-year change in plastics demand at current prices and real demand, adjusted for inflation, has been more aligned in recent periods compared to 2021 and 2022,” said Pineda. �www.plasticsindustry.org


West coast acquisition for Pexco


US plastics moulder Pexco has acquired California- based Precise Aerospace Manufacturing, a supplier of custom moulded compo- nents made from high-perfor- mance plastics such as Peek. The acquisition enhances


Pexco’s injection moulding capabilities and its presence on the west coast of the US. It also builds on Pexco’s presence in the aerospace, defence, medical and electronics markets. “This acquisition is a signif- icant milestone in our


strategic growth,” said Sam Patel, CEO of Pexco. “It strengthens our capabilities in injection moulding and high-performance polymers.” Precise Aerospace


Manufacturing was founded


Left: Precise Aerospace Manufacturing moulds a number of materials including Peek


as Precise Plastic Products in 1965. Its acquisition means that Pexco now has 13 manufacturing sites. Roxanne Abdi, CEO of


Precise Aerospace Manufac- turing, added: “Our focus on high performance products and complex engineering are a great cultural fit with Pexco.” �www.pexco.com


First tethered PET caps


Origin says the cap design is simple, clever, and user- friendly


US technology company Origin has engineered and manufactured what it says are the first tethered PET caps ever made, expected to be commercially available in Q4 2024. PET bottle caps are usually made from HDPE or PP. “Our patent-pending tethered cap design is simple, clever, and user-friendly,” said John Bissell, Origin Co-Founder and Co-CEO. “We use the threads of the PET cap and bottle to lock the cap into place, angled away from the mouth, not toward it. We are combining the performance and sustainability advantages of our PET caps – recyclability, shelf-life extension, lightweight- ing, ability to use recycled PET, and enablement of mono-material packaging – with an excellent user experience.” �www.originmaterials.com


6 INJECTION WORLD | September/October 2024 www.injectionworld.com


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IMAGE: PEXCO


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