wiredinUSA February 2014

Plastics expansion

Plastics manufacturer Saco Polymers is to expand its facilities in Sheboygan with a 20,000ft 2 office building adjacent to its factory in the Sheboygan Southside Industrial Park. The extension, funded in part by a loan from the Wisconsin Economic Development Corp, will provide research and development space and provide offices for sales and administrative personnel. Saco also owns and operates a plant in Michigan, as well as the specialty compounder Macromeric in Aurora, Ohio. Inexpansionmoves elsewhere, Sacohas entered into an agreement to buy two plants in China from Singapore-based

materials firm Dynamic Colours Ltd for a reported $15 million. The businesses, operating as Suzhou Huiye Chemical & Light Industry Co Ltd, and Suzhou Huiye Plastic Industry Co Ltd, are in Jiangsu province and are believed to make color compounds for the electrical and electronic appliance market. The acquisition is being made through AEI Compounds Ltd, a British compounding firm that Saco bought for almost $14 million in 2011. Saco will post annual sales of over $100 million in 2013, primarily making compounds for the wire, cable and tube markets.

wiredInUSA - February 2014

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