Southfield Newswire

Southfield Newswire

Comprehensive Real-Time News Feed for Southfield, MI.

Results 1 - 14 of 14 for "u:plasticsnews.com" in Southfield, MI

  1. Forecast sees slowing tooling marketRead the original story w/Photo

    Nov 1, 2018 | Plastics News

    The number of North American automotive launches has softened this year, and that's hitting mold and die makers, according to a third-quarter report from Harbour Results Inc. and the Original Equipment Suppliers Association. All automakers building vehicles in North America had planned more than 60 model launches in 2018, but 23 of them - or about a third - were canceled or delayed, consultant Laurie Harbour said.

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  2. Lear battling 'slippery pig' of auto production numbersRead the original story w/Photo

    Oct 26, 2018 | Plastics News

    Auto seating and electronics supplier Lear Corp. is seeing a drop in revenue and sales for the third quarter of 2018, reflecting a slowing auto market. "The industry looks very different today than it did at the beginning of the year," Lear CEO Ray Scott said during a quarterly conference call with analysts.

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  3. Toolmakers caught in tariff crossfireRead the original story w/Photo

    Aug 20, 2018 | Plastics News

    A profit pinch point is developing for automakers and suppliers working on new vehicle platforms: the cost of the tools to build them. Toolmakers are adding tariff costs to their prices, said Laurie Harbour, a consultant who works closely with the North American supplier and tool-and-die industries.

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  4. Harbour challenges manufacturers to 'think differently'Read the original story w/Photo

    Jul 24, 2018 | Plastics News

    As a woman leader in manufacturing, Southfield, Mich.-based Harbour Results Inc. President and CEO Laurie Harbour said she has experienced her fair share of bias, but her desire to help the industry has driven her to succeed. "I feel like I am breaking the mold because I [am] always challenging the status quo.

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  5. The plastics M&A market remains strongRead the original story w/Photo

    Jul 19, 2018 | Plastics News

    Plastics mergers and acquisitions activity remained strong in the first half of 2018, with private equity investments continuing to play a larger role in the market. P&M Corporate Finance LLC tracked 172 global plastics and packaging deals in the first half, down by seven deals - about 4 percent - from the first half of 2017.

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  6. IAC's Ryntz to receive SPE Lifetime Achievement AwardRead the original story w/Photo

    Jul 19, 2018 | Plastics News

    Ryntz, vice president of global advanced development and material engineering at Luxembourg-based International Automotive Components Group, will receive the award Nov. 7 during the society's 48th annual Automotive Innovation Awards Gala in Novi, Mich. IAC, a global supplier of automotive components and systems, including instrument panels and center consoles, has North American operational headquarters in Southfield, Mich.

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  7. Detroit auto show shifting to warmer months in 2020Read the original story

    Jun 29, 2018 | Plastics News

    The Detroit Auto Dealers Association released a promotional video for the 2020 North American International Auto Show, showing a far different view of Detroit than the snow and ice of a traditional January event. As of 2020, the North American International Auto Show will no longer take place in January, opting for a time of year when the weather is more likely to be warm.

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  8. IAC names interim CEO as 'turnaround kid' Miller retiresRead the original story

    Jun 4, 2018 | Plastics News

    Robert "Steve" Miller, at the Plastics in Automotive conference in January when he was named Automotive Newsmaker of the Year. International Automotive Components Group, a global supplier of automotive components and systems, including instrument panels and center consoles, has named Natale "Nat" Rea as president and interim CEO of the Luxembourg-based company, effective immediately, the company said in a June 4 news release.

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  9. Tooling strong, but payment times slow downRead the original story w/Photo

    Apr 12, 2018 | Plastics News

    Automotive tooling demand looked strong through the first quarter of 2018, although payment times are getting longer, according to the Q1 Tooling Barometer, published by Harbour Results Inc. and the Original Equipment Suppliers Association. "Although we believe 2018 will be a strong sourcing year for the automotive tooling market, we are seeing some indications of a return to more normal sourcing levels in the near future," said Laurie Harbour, president and CEO of Harbour Results in Southfield, Mich.

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  10. Plastics firms involved in recent M&A deals are looking for moreRead the original story

    Mar 30, 2018 | Plastics News

    Actions taken after a merger or acquisition can be just as important as those taken before, according to members of an industry panel at the 2018 Plastics News Executive Forum. When plastics packaging maker Comar LLC was sold to private equity firm Graham Partners in 2014, the deal allowed the firm "to grow and bring in new talent, and pursue the vision we had set," Comar Chairman and CEO Michael Ruggieri said at the event, held March 6-7 in Naples.

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  11. Harbour: Tooling demand for automotive to be highest everRead the original story w/Photo

    Mar 2, 2018 | Plastics News

    The automotive sector will spend $11 billion on tooling in North America this year, as automakers plan lots of vehicle launches over the next few years, consultant Laurie Harbour told the American Mold Builders Association. Harbour, president and CEO of Harbour Results Inc. in Southfield, Mich., presented her bullish outlook at the mold builders' annual conference, held in Grand Rapids.

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  12. 'Turnaround kid' Miller named Automotive Newsmaker of the YearRead the original story

    Jan 29, 2018 | Plastics News

    The automotive industry is not without its disruptions and disruptors, but when a company - perhaps a Tier 1 automotive interiors supplier - is teetering on the edge of a rocky cliff, it takes a turnaround guy, so to speak, to pull it back to safety. At International Automotive Components Group, a global supplier of automotive components and systems, including instrument panels and center consoles, Robert "Steve" Miller was the helping hand that led the company back to solid ground when founder Wilbur Ross Jr. stepped down as chairman of the board in 2014 and hired Miller the following year.

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  13. Experts: M&A market near record metricsRead the original story

    Jan 16, 2018 | Plastics News

    A solar panel using Solvay SA nylon. BASF SE landed one of the biggest M&A deals of 2017 with its $1.9 billion acquisition of Solvay's nylon business.

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  14. US tax changes could drive up M&A valuationsRead the original story w/Photo

    Jan 12, 2018 | Plastics News

    Bill Ridenour, president of Polymer Transactions Inc., says changes to the U.S. tax structure could drive up prices in mergers and acquisitions. The changes lower the corporate tax rate from 35 percent to 21 percent and also lower tax rates for some businesses classified as S corporations or LLCs, commonly known as "pass-throughs."

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