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Orion S.A. announces layoffs amid preliminary fiscal year 2024 update

Orion S.A. has announced a series of layoffs as part of its preliminary fiscal year 2024 update. The company revealed that it will reduce its non-plant workforce by approximately 6%, a move expected to generate around $6 million in annualized cost savings starting in 2025. This decision comes as Orion faces several financial challenges, including foreign exchange translation impacts and weaker-than-anticipated volumes in its Rubber segment.

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Protolabs expands end-to-end manufacturing capabilities with custom prototyping

Protolabs has expanded its capabilities with the introduction of full-service production to help serve companies at every stage in their product life cycles—from early prototyping and pre-production to large-scale manufacturing and end-of-life product support. The evolution enables improved pricing options for larger part orders, enhanced quality control, and focused industry certifications critical in production while maintaining Protolabs’ established low-volume, quick-turn prototyping capabilities.

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American Performance Polymers heads to foreclosure

American Performance Polymers recently faced foreclosure after struggling to compete with cheaper imports of personal protective equipment (PPE) from Asia. Despite receiving $35 million in federal aid to expand production of medical gloves, the company laid off most of its 180 employees in late 2022. The company’s CEO, Rich Renehan, cited the inability to compete with lower-priced imports as a significant factor in the company’s financial difficulties.

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Timken announces layoffs for its belt plant in Missouri

The Timken Company has announced significant layoffs at its Springfield, Missouri plant, a move that will affect nearly 100 employees. This decision comes as part of Timken’s broader strategy to streamline operations and adjust to changing market demands. The Springfield plant, which has been a key player in the local economy, will see a reduction of about 40% of its workforce, with layoffs beginning in March 2025 and continuing through September.

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Continental debuts the “Emotional Cockpit” at CES in Las Vegas

Continental is presenting the “Emotional Cockpit” for the first time at the Consumer Electronics Show (CES) from January 7 to 10, 2025, in Las Vegas, USA. The concept merges multiple vehicle display solutions to form an integrated unit: aesthetically innovative, function-driven and individually customizable. A central element is a 1.30-meter-long, four-centimeter-high E Ink Prism display that spans the entire width of the dashboard.

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Geon Performance Solutions acquires Foster Corporation

The acquisition of Foster Corporation enhances GEON’s participation in the high-value medical market. Currently, GEON offers rigid and flexible polyvinyl chloride (PVC) solutions, thermoplastic elastomer (TPE) solutions, and contract manufacturing services to healthcare customers. Its Clinton, Tennessee, facility is ISO 13485:2016 certified, which is the medical industry’s international standard for the manufacture of medical devices. Foster Corporation, which is also ISO 13485:2016 certified, offers formulation, development and production of custom medical compounds, implantable materials, engineered polymers, thermoplastic polyurethane elastomers and polymer enhancements. It also offers a range of services in clean and white room manufacturing facilities.

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