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Industry News
MVP ceases U.K. business operations

Washington-based Magnum Venus Plastech (MVP), citing a desire to consolidate its operations into a single location, is closing its Closed Mould Division in the United Kingdom.

Posted on: 8/12/2013
Source: CompositesWorld

Magnum Venus Plastech (MVP, Kent, Wash., USA) reported on Aug. 9 that in 2007 it purchased closed mold equipment manufacturer Plastech T.T. in the U.K.  Following the purchase, this wholly owned subsidiary became Magnum Venus Plastech Ltd., functioning as the Closed Mould Division.

During the course of the recent recession, MVP says, it and its affiliates began to make changes to its infrastructure, moving and consolidating operations in the U.S., to ensure the company would remain a leader in providing innovative technologies to the composites industry.

Due to Magnum Venus Plastech’s desire to have research and development, manufacturing and technical service functions in one location, MVP Ltd. says it has made the difficult decision to cease business operations of the Closed Mould Division in the U.K.  Magnum Venus Plastech will now provide all goods and services previously provided by MVP Ltd. from the MVP Technology Center, operated by Magnum Venus Plastech, in Kent, Wash. 

MVP says the change will not affect the company's global service and training. Magnum Venus Plastech will continue to offer expert technical service, and the Comprehensive Closed Mould Training Course that was scheduled to be held in the U.K. Sept. 24–26, 2013, will now take place at the MVP Technology Center in Kent, Wash.

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