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The PlasTicizerM o n t h ly n e w sl e t t e r
Co lu M b i a r i v e r seC t i o noctober edition 2010volume XX, number 7
On-line sPe social Network
Keep up with Plastics professionals from the NW
http://spenorthwest.ning.comIts Free • Check it out
Welcome Back!!!
save the Date!
October has come upon us quickly, just as summer has passed. As the
leaves start to change col-ors, SPE Columbia River Chapter is beginning an exciting new year. Come network with your fellow members, and hear the lat-est news in business and manufacturing at the up-coming events.
I am Eric Fisher, the new chapter president. I’m sure you’ve seen me at
an event or two….maybe calling out raffle ticket numbers or collecting
meeting fees at the door. No matter the position, I’m excited to work with our new board members to bring you a productive and social year.
A little history about me: I have lived in the Northwest my whole life.
I was born in Vancouver, raised in Seattle, and schooled in Bellingham where I eventually earned a B.S. in
Plastics Engineering. After gradu-ation, I moved to the great city of Portland where I’ve had the plea-sure of working with R&D Plastics and now Denton Plastics. I enjoy hunting for the latest great burger and beer, mini vacations with my wife, and I just re-sparked my pas-sion for fishing.
Thank you and I look forward to seeing you all. Please spread the word about our meetings and The Plasticizer. Have a great fall!
Topic: Screw Terminology and Design presented by Dusty Rhodes of Waypoint Bellwether on behalf of Westland Corporation
When: October 20th, 2010 @ 6:00 PM
Where: The Crowne Plaza in Lake Oswego14811 Kruse Oaks DriveLake Oswego, OR 97035
Price:$30 Cash or Check at the door, Cash bar
Westland Corporation is a lead-ing manufacturer of screws and barrels to the plastics
industry. They supply OEMs and pro-cessors within the injection molding, extrusion and blow molding markets.
The presentation will focus on screw terminology and design. In addi-tion, barrel and screw manufacturing considerations, including materials op-tion, will be covered. Dusty will also discuss the types of wear commonly seen on screws and cylinders, causes for the wear and why a preventive maintenance program is vital to the profitability of a plastics processing operation.
With a 30 year career in interna-tional business and engineering, Dusty Rhodes operates as a manufacturer’s
representative on behalf of plastics equipment manufacturers for the Pacific Northwest region. His career began as an apprentice mold maker, and after he achieved his Journeyman Card in mold making, he expanded into mold design, operations and sales. His experience includes the processes of injection molding, structural foam molding, gas assist, blow molding, both extrusion and injection, rota-tional cast molding, rotomolding and die casting. Corporate names that appear in his C.V. include, Lamson & Sessions, Inc., Nypro (j.v. in Asia) and Mattel, Inc. He is a patent holder and his education includes a MBA
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scrappy Milacron on road to recoveryPLASTICS NEWS OPINION Posted September 27, 2010
A year out of bankruptcy, “The Mill,” as Milacron LLC is af-fectionately known, is in much
stronger financial shape, thanks to much lower debt.
Now Milacron, like the rest of the plastics machinery industry, faces a global capital-equipment market marked by an uneven recovery from the Great Recession: Demand is strong in developing markets, but remains slow and spotty in the U.S. and much of Europe.
Machine makers need global pro-duction to compete, and Milacron is well-positioned with plants in the U.S., Germany, China and India.
The Page 1 story in this week’s issue recaps the story of Milacron’s financial woes, which go back a num-ber of years. Company officials now are looking forward, building what they dub “New Milacron,” owned by private equity firm Avenue Capital Group LLC.
Since Milacron is privately held now, the company is not releasing many numbers. But top executives Dennis Smith and Dave Lawrence stress that the machinery maker has a strong balance sheet. That’s what Chapter 11 can do for you.
Avenue Capital specializes in firms with distressed debt, including those in bankruptcy. Smith and Lawrence said Avenue is supporting the plan to reinvest money into the machinery op-erations, and Milacron will turn a profit this year. That last happened in 2000.
Milacron seems to be in solid hands. Its leaders say customers and sup-pliers have stuck with the machinery. So have employees, and Milacron even has brought back some laid-off workers.
That’s good. Milacron plays an important role as the sole U.S.-owned, broad-line manufacturer of primary plastics equipment.
Milacron, founded in 1884 as a Cincinnati maker of milling machines, has adapted to economic changes in the past, getting into plastics injection molding machines in 1968. Thirty years later, Milacron sold off its machine tool business to focus only on plastics.
Along the way Milacron devel-oped important new technology in its fields of injection and blow molding machines, extruders, structural foam machines and DME mold components.
In recent years, Milacron has faced issues of finance and debt, even as its home U.S. market crumbled. In 2004, Milacron avoided a potential bank-ruptcy with a last-minute refinancing of bonds coming due. Last year, the global recession and credit crunch caught up with the company, leading to the Chapter 11 filing.
Milacron came back out after just five months in bankruptcy. A full re-covery will take much longer — for the economy as well as the Batavia, Ohio, company. But Milacron seems to be on the right track.
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columbia river chapter of the sPe
PO Box 55116 Portland OR 97238Officers 2008-2009
PresidentEric Fisher Denton Plastics 503-257-9945 (p) 503-789-9536 (m) efisher@denplas.com
1st V.P/Program coordinatorOpen – Waiting for you to sign up!
TreasurerSarah CornwellR&D Plastics503-693-7993 (p)sarahc@rdplast.com recording secretaryOpen – Waiting for you to sign up!
education chairLindsey Delaney R&D Plastics 503-693-7993 (p) lindseyd@rdplast.com Membership chairOpen – Waiting for you to sign up!
Newsletter editorEvan ThomasChase Plastic Services503-437-4867 (p)ethomas@chaseplastics.com
National councilpersonCharlie O’boskyR&D Plastics503-693-7993 (p)charlieo@rdplast.com
As we continue into the new year we look forward to grow-ing and continually improving
our SPE Chapter. One of our priorities will be to better understand the needs of our members. We believe that the best way to understand is by receiv-ing feedback from the SPE body – that means YOU. Please let us know how we can improve:
Membership: What subjects would you like cov-
ered at our monthly meetings? How can we better serve our
members? If you are not actively a member,
what is preventing you from joining?
education: What are your education needs
within your company? Would you support educational
seminars?Are you interested in a resource
guide for local Plastics education?
Email your comments to: spe.portland@yahoo.com
Your Opinion Matters
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If you are NOT a member of the SPE , this is what you lose out on each and every month…• Monthly Presentations from top in-
dustry professionals• Local Plant Tours • 12 Month Subscription to Plastics
Engineering Magazine • Expert Advice on Today’s Plastics
Industry Challenges• Membership to a larger, national
plastics resource of experts in all plastic fields
• Playing Golf with your suppliers, competitors and other industry pro-fessionals
• Eat and eat some more!• Drinking beer, wine and socializing.• A chance to win unique raffle prizes
like wine, Victoria Secret items, gift cards, plastic play things, $.
• Meet new clients, create more busi-ness = more money in your pocket and impress your boss.
Please Join Us!sPe has been responsible for supporting the plastics industry and is the gateway to industry trends and information.
• Gain inside information of business trends, supply, demand, and employ-ment in the industry.
• Support Educational Scholarships
Most importantly it is a great way to socialize with others in the local plastics industry. If you have any ques-tions regarding membership please let us know.
Join us at the next event!
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advertise in the Plasticizer!This ad space available
for more information, contact Evan Thomas, Newsletter Editor, at (503)437-4867 or e-mail: ethomas@chaseplastics.com
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Page 6
Molders3D Plastics ......................................................503-537-0979ABC Plastics ....................................................503-235-6778Nypro Oregon ................................................ 541-753-4700R&D Plastics ...................................................503-693-7993PakTech ..........................................................541-461-5000
Machinery & equipmentEquipment Resources Northwest ................... 503-281-3612WetzCo ........................................................... 503-341-8119
Mold Making suppliesNorthest Mold Supply .....................................503-654-0318Moldtech .........................................................630-235-8955
resin supplier and compoundersChase Plastic Services ....................................800-232-4273Christler Chemical & Plastic .......................... 503-570-9113Clariant ........................................................... 800-897-1419Denton Plastics, Inc ....................................... 800-959-9945Northwest Polymers .......................................503-829-3550Polysource, Inc ............................................... 503-452-3351
assemblyABC Plastics ....................................................503-235-6778
To advertise in the Plasticizercontact Evan Thomas, Newsletter Editor, at
(503)437-4867 or e-mail: ethomas@chaseplastics.com
advertise in the Plasticizer!This ad space available
for more information, contact Evan Thomas, Newsletter Editor, at (503)437-4867 or e-mail: ethomas@chaseplastics.com
Page 7
surveys of auto suppliers find hefty profits, rosy outlook
By Mike ColiasDETROIT (Oct. 11, 2:30 p.m. ET)
A pair of new surveys suggest auto suppliers are enjoying their healthiest profit mar-
gins in years -- and expect to be busier in 2011.
Nearly two-thirds of suppliers ex-pect 2010 revenue to finish at least 20 percent higher than last year, accord-ing to a global survey of 220 supplier executives by consulting firm A.T. Ke-arney and research firm SupplierBusi-ness, a unit of IHS Global Insight.
What’s more, 82 percent of those polled in the August survey said they expected orders to climb over the
next 12 months. Suppliers from North America, Europe and Asia responded to the poll; 55 percent were Tier 1 suppliers.
More than half the respondents expected bankruptcies among sup-pliers to drop over the next year. And suppliers perceive automakers as healthier, too: 26 percent said they ex-pect at least one of their vehicle-maker customers to fail in the next two to three years, down from 42 percent who felt that way in April.
Another survey, by Roland Berger Strategy Consultants in suburban De-troit, concluded that suppliers’ profit margins, before interest and taxes,
will be a robust 6 percent this year.That survey, conducted in Sep-
tember, credits booming auto markets in China, Brazil and India, along with a “partial recovery” in North America, Europe and Asia.
But the frothy profit margins might not last long, said Thomas Wendt, a principal with Roland Berg-er’s automotive practice. “Intensifying pressure from carmakers on their sup-pliers” and looming debt payments for many parts makers will pressure prof-its in the next few years, Wendt said in a statement.
Even as most suppliers prepare for increasing volumes, few have been willing to hire back workers or ex-pand production.
Dan Cheng, an A.T. Kearney partner and head of the company’s automotive practice in North America, said, “I think suppliers are reluctant to invest to rebuild capacity without a sense that the demand is going to be sustained.”
Said Cheng: “There’s a healthy dose of skepticism out there as to whether the volume will come back to what was once considered normal.”
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Who can help Yousociety Of Plastics engineers, inc.,
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