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June 14, 2005
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United
Plastics Group Aquires
Second Facility
in Monterrey,
Mexico
OAK
BROOK, IL, USA & Monterrey,
Mexico – July 14,
2005 – United Plastics
Group, Inc. (UPG) announced
today their second global
expansion this year with
the acquisition of a new
facility in Monterrey,
Mexico. Last month,
UPG announced plans for
a third plant in Suzhou,
China.
“Our customers
requested additional Mexico-based
manufacturing to support
their contract injection
molding and assembly needs. The
acquisition marks UPG’s
second investment in Monterrey
and is a direct result
of UPG’s commitment
to customer satisfaction," said
Thomas Cho, senior vice
president of UPG Mexico. “Our
new facility will provide
additional capabilities
to meet major customers’ growing
demands and expand the
breadth of UPG’s
injection molding technology
in Mexico. Geographically,
Monterrey has been an
ideal location for us,
allowing us to provide
high quality service to
our customers based in
the US as well as those
in Latin America,” stated
Cho.
UPG
currently services the
electronics, automotive,
consumer/industrial and
medical markets in Monterrey.
No
financial terms of the
transaction were disclosed.
United
Plastics Group, Inc. (www.unitedplasticsgroup.com)
is a full service manufacturer
of precision plastics
products and value-added
services for the industrial,
automotive, medical, electronics
and consumer markets. UPG
operates state-of-the-art
facilities in the United
States, Mexico, Europe
and China. United
Plastics Group, Inc. is
a portfolio company of
Aurora Capital Group,
a Los Angeles based private
investment firm.
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June
14, 2005
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United
Plastics Group Expands
Operations in China
Company
Plans to Invest
More than $10 MM
USD in New Facility
OAK BROOK,
IL, USA & Suzhou,
China – June
14, 2005 –
Richard Harris, United
Plastics Group Inc.’s
(UPG) chief operating
officer said today that
the company will invest
over $10 million (USD)
to build a new, full-service
custom manufacturing
facility in the Suzhou
Industrial Park in Suzhou,
China
The
new facility will be
located in the “Free
Trade Zone” of
the industrial park. UPG Suzhou (EPZ)
will encompass over
100,000 square feet
of space, housing a
broad range of injection
molding machines. In
addition, the new manufacturing
location will include
space dedicated to value-added
assembly and mold maintenance.
"We
chose the Free Trade
Zone of the Suzhou Industrial
Park as it is a specially
designated zone for
international trade
operations. This is
excellent news for our
global customers, as
goods imported from
outside of China, along
with exported products
are exempt from value-added
taxes and duties,” said
Harris. “As
we continue to pursue
our mission of being
a low cost provider,
the Free Trade Zone
allows UPG to provide
our global customers
the tax advantages of
the Trade Zone while
continuing to service
the growing domestic
market from our current Suzhou facility."
The
new plant will be UPG’s third
investment in the Suzhou Industrial
Park over the last three
years. As
with the first two facilities,
the third plant will
also be incorporated
as a Wholly Owned Foreign
Enterprise (WOFE).
“UPG Suzhou (EPZ)
is the next step in
our strategic plan to
expand UPG’s footprint
in Asia,” said
Tom Opielowski,
vice-president operations
of UPG Asia. “We
have included a broad
range of technical and
engineering capabilities
such as two-shot molding,
a class 100,000 clean-room
as well as our best
in class project engineering
capabilities, all meeting
ISO 9002 and TS 16949
quality specifications.”
The
grand opening of the
new facility is planned
for the fourth quarter
of this year.
About United
Plastics Group, Inc.
United
Plastics Group, Inc.,
headquartered in Oak
Brook, IL is a full
service manufacturer
of precision plastics
products and value-added
services for the industrial,
automotive, medical,
electronics and consumer
markets. UPG
operates state-of-the-art
facilities in the United
States, Mexico, Europe
and China. United
Plastics Group, Inc.
is a portfolio company
of Aurora Capital Group,
a Los Angeles based
private investment firm.
The Suzhou Industrial
Park represents the
largest cooperative
project between the
governments of China
and Singapore and encompasses
IT, international technology,
life science, national software
and SME parks. Suzhou Industrial
Park is located eighty
kilometers from Shanghai
on Lake Jinji (Golden
Rooster) in the eastern
suburb of the Suzhou city.
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April
22, 2005
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United
Plastics Group, Inc.
Announces El Paso
Plant Closure
WESTMONT,
IL – April
22, 2005 – United
Plastics Group, Inc.
announced today that
it will close its
El Paso, Texas molding
facility effective
June 30, 2005.
Chief
Operating Officer Richard
Harris said, “The
closure of our El Paso
facility is consistent
with our strategic plans. UPG
will continue to service
our customers’ long-term
needs in one of our
other worldwide locations. We
are diligently working
with the El Paso customers
to execute a smooth
and efficient transfer
of business.”
The
El Paso facility employs
90 people in the greater
El Paso area.
United
Plastics Group, Inc.
is a leading manufacturer
of high-quality, low-cost
injection-molded products
and services worldwide. United
Plastics Group, Inc.
is a portfolio company
of Aurora Capital Group,
a Los Angeles based
private investment firm.
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| April
13, 2005
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United
Plastics Group, Inc.
Announces Resignation
Of Chief
Executive Officer
WESTMONT,
IL – April
13, 2005 – United
Plastics Group, Inc.
announced today the
resignation of Chief
Executive Officer,
Shannon M. White. Since
his appointment in
July 2001, Mr. White
has led the company’s
transformation from
a supplier of injection-molded
electronic components
to a diversified
manufacturer of high-quality
injection-molded
parts and contract
assemblies, serving
the medical, consumer,
automotive and electronics
markets. During
the same period,
the company successfully
expanded its global
presence in China
and Mexico. Mr.
White will remain
a member of the Board
of Directors at United
Plastics Group, Inc.
To
lead UPG in its continued
growth path and further
expansion plans, Richard
R. Harris, Chief Financial
Officer, has been promoted
to Chief Operating
Officer. Mr.
Harris will be acting
C.E.O. until Mr. White’s
successor is named.
United
Plastics Group, Inc.
is a leading manufacturer
of high-quality, low-cost
injection-molded products
and services worldwide. United
Plastics Group, Inc.
is a portfolio company
of Aurora Capital Group,
a Los Angeles based
private investment
firm.
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