WINONA, MINN., USA — Increasing customer demand for Complet® long fiber reinforced pellets provides expansion opportunities for PlastiComp, Inc.
“Customers like our business model, our products and our business process. We are very focused on our customers needs and we strive to provide a product solution that best meets their requirements. This means that we provide people-to-people interface and high quality technology with a desire to become a most highly valued supplier to our customers. We believe that our business success will follow the customer’s success and our customer relationship will be sustained and valued because we are dedicated to becoming a supportive team member to our customers, much more than simply supplying volumes of LFT pellets,” said Steve Bowen, PlastiComp President and CEO.
The new LFT pellet line will increase the company’s annual pellet capacity with an additional 3-5 million pounds. Based on PlastiComp’s rate of growth, the company has planned similar expansion for each of the next several years.
PlastiComp is also preparing a new plant site in the Winona area for occupancy during 2008. The new facility details will be released when finalized in Q4, 2007. The company continues to supply both D-LFT technology via Pushtrusion® and LFT pellets via Complet composite pellets. PlastiComp is a unique supplier providing both LFT and D-LFT technologies and facilitating the customer choice of the solution that is best for their specific business opportunity.
Global customers for LFT pellets have several options to be supplied with a specific formulation produced with PlastiComp LFT technology. The company has granted PlastiComp LFT technology licenses to partner companies in Asia and in Europe. Global customers may purchase LFT pellets directly from PlastiComp or from a licensee of PlastiComp LFT technology. “If the customer prefers to buy the LFT pellets directly from the licensee, then the formulation can be produced locally by the licensee for the global customer. In this business strategy all licensees invest locally, yet sell globally, depending on the desires of the customer,” concluded Bowen.
PlastiComp, Inc. focuses on developing and providing long fiber reinforced thermoplastic composite technologies to partners worldwide. These include ready-to-process reinforced long fiber thermoplastic (LFT) pelletized compounds, along with process development and manufacturing equipment licensing for LFT pultrusion, in-line direct long fiber thermoplastic (D-LFT) Pushtrusion®, and in-line direct glass mat thermoplastic (D-GMT®) technologies. PlastiComp’s injection moldable Complēt® LFT composite compounds are available as standard and custom formulations that combine long glass, carbon, and other specialty fiber reinforcement with thermoplastic polymers from polypropylene to PEEK.