NetComposites
Thermwood

PlastiComp Increases Capacity with New LFT Compounding Line

22 April 2013

PlastiComp has increased their production capacity with the installation of a new long fibre thermoplastic (LFT) compounding line.

PlastiComp acquired a new site for their headquarters in 2011 with a building of 75,000 square feet which was subsequently expanded to approximately 85,000 square feet. Additionally, the building is undergoing modifications to add a new carbon fibre dedicated production line for both LFT pellets and unidirectional tapes.  The original headquarters and LFT manufacturing site of 30,000 square feet continues in operation.

“Since the beginning of 2011, our sales have nearly tripled and the view ahead is even more robust,” stated Steve Bowen, PlastiComp President and CEO. “PlastiComp primarily sells LFT pellets, but we also sell LFT technology. To date we have nine LFT lines installed in other companies under license from PlastiComp.  Including our own production lines and new lines planned yet in 2013, that number will increase to 17 during 2013.”

“Another significant part of our growth strategy is development contracts with select industry leading companies to grow composite parts in new markets and new applications. We have interesting growth plans in medical markets, energy markets, and sporting goods applications. Our focus is new applications/new market space. We have little interest in pursuing share shift growth from competitors in LFT pellet sales. We want our customers to improve their products and their profits with singularly unique and best in class compounds and technology from PlastiComp.” said Bowen.





Share this story


Related / You might like...

AMRC Works With Prodrive to Accelerate Composites Recycling Challenge

One of the most respected and successful names in motorsport is working with lightweighting and materials researchers at the AMRC to advance its processes for manufacturing recyclable composite components that extend useful lifetimes and reduce tooling costs.

‘Inspired from Life, We Reinforce Life’ Says Kordsa’s New Campaign

Kordsa, operating in tire, construction reinforcement and composites technologies market with its mission ‘We Reinforce Life’, has launched a new campaign with the slogan ‘Inspired from life, we reinforce life’.

Chomarat Invests in its Coatings & Films Business: New Extruder, New Graining Line

Chomarat is developing its Coatings & Films business at its French sites. The Group has just acquired an extruder and a graining line to increase its production capacities and develop new, more efficient solutions, particularly in the field of TPO (polyolefin thermoplastics).