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™, Inc. 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™, Inc. 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™, Inc. 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™, Inc., 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.


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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