The Long Fiber Reinforced Thermoplastic (LFRTP) technology developed and used by PlastiComp™, LLC for the production of Complēt® Composite Pellets will be transferred to Indore Composites of Bombay, India. In making the announcement, PlastiComp™, LLC President and CEO, Steve Bowen, reported that, “This strategic alliance enables Indore to manufacture Complēt® Composite Pellets and represent the brand for sale, thus expanding our PlastiComp™, LLC global supply capability.”

Under the terms of the alliance, the transfer of technology and know-how to Indore will allow global customers to purchase the same compounds from either Indore or PlastiComp™, LLC. The agreement will also allow Indore to rapidly enter the growing commercial market for LF materials in the Asian markets.

Indore director, Mukesh Sanghvi noted, "The markets for high volume composite materials are rapidly expanding. Indore is already well positioned as a market leader as a global supplier of fiber optic cable tension members, so we are very experienced in processing continuous glass fiber reinforced composites. The development of a composite pellet business will complement our core business and fully utilize our core competencies in composite materials."

Indore expects the long fiber pellet production to be on-line in 2006. The plant will be located in the Bombay area. Materials will be available from Indore both produced in India and imported from PlastiComp™, LLC.

PlastiComp™ LLC is a technology company offering Pushtrusion™ in-line compounding technology, Complēt® composite pellets, and composite materials development services. Bowen, commented, " I am pleased to renew my friendship with Mukesh through our new strategic alliance. I first met Mukesh in about 1990, when he taught composites at Winona State University and I was managing the Celstran business for Hoechst Celanese. We began discussing the opportunity to develop this new business relationship about a year ago. We fully expect our cooperation in long fiber pellets to a growing business relationship.”

For additional information, contact:
PlastiComp™, LLC USA
4455 Theurer Blvd.
Winona, MN 55987 USA

(507) 454 4334
info@plasticomp.com

PlastiComp™, LLC USA - Corporate Headquarters
4455 Theurer Blvd.
Winona, MN 55987 USA

PlastiComp™, LLC USA - Technical Development Center
25 McConnon Drive
Winona, MN 55987 USA

PlastiComp™, LLC Europe GmbH – Technical Sales Center
4650 AC Steenbergen
The Netherlands


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