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


About PlastiComp

PlastiComp, Inc. is unique in providing both long fiber reinforced thermoplastic (LFT) technology and direct long fiber reinforced thermoplastic (D-LFT) technology to global customers. Complet® composite pellets provide a single pellet solution for customers with stringent requirements and rapid speed to market demands. In contrast, Pushtrusion® direct in-line compounding offers a complementary approach by providing substantial savings compared to precompounded thermoplastic composite pellets. PlastiComp also offers advanced contract molding along with research and development including formula development, material and part testing, and evaluation.

Complet® and Pushtrusion are registered trademarks of PlastiComp, Inc.


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