Date Archive - May 2023

GM, Stellantis give $15 million lifeline to insolvent supplier

Three of Unique Fabricating Inc.’s largest customers have agreed to bail out the insolvent supplier with price increases and investment of up to $15 million to tide over the company until it sells itself and restructures. General Motors, Stellantis and Yanfeng Automotive Interior Systems Co. entered into an accommodation agreement with the Auburn Hills-based supplier on May 22, according to a filing with the U.S. Securities and Exchange Commission. At…

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In-Mold Electronics: Coming Soon to a Device Near You

In-mold electronics is an emerging technology that produces multi-functional surfaces for applications in an array of industries, including consumer products, automotive, and medical technology. It has tremendous potential: Valued at $147 million in 2022, the in-mold electronics sector is projected to grow at 28.8% CAGR from 2023 to 2030 and reach $2.8 billion by 2030, according to Verified Market Research. To learn more about the technology and its reach, PlasticsToday spoke with technology analyst…

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FTC Panels Discuss the Green Guides, Recyclability, and Consumer Perception

In December, the FTC announced it would seek public comments on potential revision to the Guides for the Use of Environmental Marketing Claims, also known as the “green guides”, which were last updated in 2012. The guides advise marketers on how to avoid running afoul of the Federal Trade Commission Act, 15 USC 45, which prohibits ”unfair or deceptive acts or practices in or affecting commerce. ” The guidance covers…

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Indian Mold Builder Opens First US Plant Near Cincinnati

India’s Vasantha Group has established its first North American facility in West Chester, OH, near Cincinnati, where it will build high-cavitation precision molds for the medical and packaging markets. Image courtesy of Vasantha Group Shawn Schnee, CEO,Vasantha Tech. Vasantha Tech, as the US operation is called, is headed by Shawn Schnee, an industry veteran who has held positions at iMFLUX, where he was manager of advanced engineering, and medtech giant…

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PC/ABS Alloy with Recycled Content Mobilized in Auto Interior Application

As the mobility revolution gears up, manufacturers are facing increased challenges. Not only is the development and engineering of hybrid, electric, and autonomous vehicles complex, there’s also constant pressure from regulators to meet economy, safety, and sustainability requirements, along with consumer demand for performance, digital connectivity, and aesthetics. Plastics can play a key role in many ways, from lightweighting and metal replacement to using bio-based feedstocks. Recyclate-containing content in the makeup of…

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The Plastics Industry Is Undergoing a Global Shift

The global technology race is well underway in artificial intelligence, semiconductors, and space technology, but, in many cases, it would still be at the starting line without polymers. Plastics are ubiquitous and often foundational in the production process. Yet, the petrochemicals and plastics industries are experiencing their own tectonic changes. It’s time to talk about a new technology race — the polymer race — and what will separate the winners from the…

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Stratasys, Desktop Metal Merger Creates Industrial 3D-Printing ‘Powerhouse’

3D printing companies Stratasys Ltd. and Desktop Metal Inc. announced that they have entered into a definitive agreement to combine the companies via an all-stock transaction valued at approximately $1.8 billion. Described by Desktop Metal co-founder and CEO Ric Fulop as a “turning point in the next phase of additive manufacturing for mass production,” the deal brings together the polymer-based 3D printing expertise of Stratasys with the industrial mass production…

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