Industry News

Stichter combines business, technical roles at Teamvantage

April 5, 2019 Updated 4/5/2019 Email Print Teamvantage Mold LLC Teamvantage Mold LLC has injection molding and mold making. Prior to being the general manager at injection molder Teamvantage Molding LLC of Forest Lake, Minn., Kelly Stichter has held a variety of titles, including project engineer, quality manager, operations manager, vice president of engineering and

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Showers knows industry ‘from the ground up’

April 5, 2019 Updated 4/5/2019 Email Print Julie Showers Showers Julie Showers may be a licensed cosmetologist, but she was one of Minneapolis-based Diversified Plastics Inc.’s first employees when she applied for a job as a press operator. She learned the skills and was part of the team of 13 that was there from the

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Wancket says pick a passion, success will follow

April 5, 2019 Updated 4/5/2019 Email Print Julie Wancket Wancket As plant manager of the Huntley, Ill., location of Rohrer Corp., Julie Wancket focuses on the people and a culture of safety, positivity, respect, continuous learning and believing in all people. “From there,” she said, “the numbers will come.” The guidance she gives her team

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Wilson ‘makes people around her better’

April 5, 2019 Updated 4/5/2019 Email Print Denine Wilson Wilson Starting in 1997 as a press operator, Denine Wilson worked her way through various roles at custom injection molder Imperial Plastics Inc. before becoming senior project engineer and team lead for the company’s Lakeville, Minn., location. She has stepped in as interim engineering manager in

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Chelsea Building Products expands to Texas

April 5, 2019 Updated 4/5/2019 Email Print Chelsea Building Products Hector Santiago, a set-up technician for extrusion lines with Chelsea Building Products does a visual check of the parts. After 44 years of manufacturing at one site, Oakmont, Pa.-based Chelsea Building Products Inc. has opened its second production facility in a renovated 126,000-square-foot plant in

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Leoni to lay off 2,000 worldwide

April 5, 2019 Updated 4/5/2019 Email Print Plastics News Europe Leoni AG Leoni manufactures high-temperature automotive cable and wiring based on a range materials, including thermoplastic elastomers, silicone rubber, PVC and thermoplastic polyurethanes. Nuremberg, Germany — German automotive cables specialist Leoni AG is planning to lay off up to 2,000 workers in a bid to

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Alpek seeing demand for more post-consumer PET

April 5, 2019 Updated 4/5/2019 Email Print Michael A. Marcotte Fernando Rosas, commercial director at DAK America’s Unit during Plastimagen 2019. Mexico City — Materials maker Alpek SAB de CV is responding to customer requests for more use of recycled PET. “There’s a lot of pressure to increase recycled content,” Fernando Rosas said April 4

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Saipem Wins Offshore Drilling Contracts Totaling $200 Million

Saipem has been awarded new contracts in offshore drilling in Norway and Middle East totaling over $200 million on April 5. One contract was signed with the German company Wintershall for the drilling of two wells plus two optional ones in continuity with previous engagements for operations offshore Norway. The contract will be executed by

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Maersk Completes Oil And Gas Spinoff As Drilling Unit Lists

A.P. Moller-Maersk AS spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on April 4, where it was traded slightly below the book value it had in Maersk’s own accounts. The demerger is a part of the Danish shipping group’s 2016 plan to refocus its efforts into

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March Rig Count Down 93 From Last Month, US Down 26

The international rig count for March 2019 was 1,039, up 12 from the 1,027 counted in February 2019, and up 67 from the 972 counted in March 2018, according to Baker Hughes, a GE company (NYSE:BHGE). The international offshore rig count for March 2019 was 247, down 3 from the 250 counted in February 2019, and up 62 from the 185 counted

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Andrew Cuomo’s PSC Proposes Heat Pumps and Solar: It Won’t Work

Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … ConEd and Cuomo’s PSC say some combination of solar, other renewables and heat pumps can substitute for the gas Cuomo keeps stopping at the border. Dumb idea. New York’s proposed Community and Climate Protection Act has a goal for “the state of New York to reduce greenhouse

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Fitch Sees Brent At $62.5/bbl In 2020 As Economic Woes Bite

A faltering global economy may start eating into demand for oil as early as this year, pushing prices lower, Fitch Ratings’ senior director Dmitry Marinchenko told Reuters in an interview. He said that the rating agency expects global economic growth to slow to 2.8% in 2019-2020 from 3.2% in 2018. “If the global growth slowdown

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Tokyo Gas, Shell Sign LNG Deal Linked To Coal Pricing In Rare Move

Japan’s Tokyo Gas said on April 5  it has signed a deal with Royal Dutch Shell for the long-term supply of liquefied natural gas(LNG), partly using a coal-linked pricing formula in an unusual move for an Asian LNG buyer. This is believed to be the first time a Japanese buyer is using a coal-based pricing index in an

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Citing differences, Shell walks away from U.S. refining lobby

Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, Kallanish Energy learns. The oil giant, in its first review of its association with 19 industry groups, said it found “material misalignment” over climate policy with the American

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Brent crude tops $70 for first time since November

Brent crude oil prices Thursday pushed through $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S. production and lower global demand, Kallanish Energy reports. Brent futures touched $70.03/Bbl, the highest level since Nov. 12, when it last traded above $70/Bbl. The international benchmark for

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