Palm Plastics announces temporary closure 05.12.10

Written by David Green.

Production has ceased at Morenci’s Palm Plastics company for what’s expected to be a three-month period.

David Munson, Palm’s director of corporate relations, announced Wednesday the company was temporarily suspending operations at its Morenci plant for 90 days.

Munson said production will temporarily be shifted to Palm Plastics’ Bowling Green, Ohio, facility while various systems are upgraded in Morenci.

“Palm Plastics anticipates that this shift in production will be temporary and that operations in Morenci will be resumed in approximately 90 days,” Munson said.

Some Morenci employees were offered temporary work at Bowling Green for certain production areas.

“Palm Plastics is grateful for the service and commitment of its employees and looks forward to resuming operations in Morenci as soon as possible,” Munson added.

Palm manufactures a variety of goods ranging from housewares to medical components and shipping pallets.

REVSTONE—The Lexington, Ky., based Revstone Industries acquired Palm Plastics last year in a joint venture with a Chinese firm.

Revstone media representative Myra Moreland said the acquisition occurred in November 2009.

Palm is listed as one of five companies in its plastics division. Revstone also has metals, aerospace and specialty products divisions.

Moreland characterized Palm’s affiliation with Revstone as “very good news.” Revstone has invested in many plants facing financial challenges, she said. With its offshoot, Cerion, the firm has acquired more than 20 companies since its founding in 2008. One of the most recent purchases was the Grede Foundries in Vassar, Mich., which was threatened with closure.

Company CEO George Hofmeister is especially interested in Michigan companies.

“George has great affection for Michigan and he wants to keep jobs in Michigan,” Moreland said.

In addition to the headquarters in Kentucky, Revstone has an office in Southfield, Mich.

  • Front.cross
    HUDSON RUNNER Jacob Morgan looks toward the top of the hill with dismay during the tough finish at Harrison Lake State Park. Fayette runner Jacob Garrow focuses on the summit, also, during the Eagle Invitational cross country run Saturday morning. Continuing rain and drizzle made the course even more challenging. Results of the race are in this week’s Observer.
  • Front.bear
    HOLDEN HUTCHISON gives a hug to a black bear cub—the product of a taxidermist’s skills—at the Michigan DNR’s Great Youth Jamboree. The event on Sunday marked the fourth year of the Jamboree. Additional photos are on page 12.
  • Front.crossing
    Crossing over—Jim Heiney was given a U.S. flag to carry by George Vereecke (behind Jim in the hat), turning him into the leader of the parade. Bridge Walk participants cross over Bean Creek while, in the background, members of the Morenci Legion Riders cross the main traffic bridge on East Street South. Additional photos appear on the back page of this week’s Observer.
  • Front.hose Testing
    HOSE safety—The FireCatt hose testing company from Troy put Morenci Fire Department hose to the test Monday morning when Mill Street was closed to traffic. The company also checks nozzles and ladders for wear in an effort to keep fire fighters safe while on calls.
  • Front.starting
    BIKE-A-THON—Children in Morenci’s Summer Recreation Program brought their bikes last Tuesday to participate in a bike-a-thon. Riders await the start of the event at the elementary school before being led on a course through town by organizer Leonie Leahy.
  • Front.train
    WRECKAGE—Morenci Fire Department member Taylor Schisler walks past the smoking wreckage of a semi-truck tractor on the north side of the Norfolk and Southern Railroad tracks on Ranger Highway. The truck trailer was on the south side of the tracks

Weekly newspaper serving SE Michigan and NW Ohio - State Line Observer ©2006-2016