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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.
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