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PlastiComp Increases Capacity and Capability
WINONA, MINN., USA — PlastiComp Inc. has increased production capacity with the installation of a new long fiber thermoplastic (LFT) compounding line. The new line will increase capacity approximately five million pounds per year.
PlastiComp acquired a new site for their headquarters in 2011. The acquired building of 75,000 square feet was subsequently expanded to approximately 85,000 square feet. Additionally, the building is undergoing modifications to add a new carbon fiber dedicated production line for both LFT pellets and UD (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.
PlastiComp was founded in 2003 and is a technology company creating new markets for fiber reinforced composite materials by integrating the science of material composition, process parameters and part design.
For more information on PlastiComp’s LFT products and technologies, please call +1 507-858-0330, e-mail info@plasticomp.com, or visit their website at www.plasticomp.com.
About PlastiComp
Deploying a partnership philosophy combined with a fully integrated approach to application development, PlastiComp focuses its expertise on moving innovative long fiber reinforced thermoplastic composite technology into new markets and applications by applying long fiber’s stronger, tougher, and lighter capabilities to make products better. Ready to process Complēt® composite pellets for injection molding provide made to order performance by incorporating long carbon, glass, or specialty fibers with thermoplastic polymers ranging from polypropylene to PEEK for application specific structural material solutions.
PlastiComp's Capabilities
Solution Collaboration
We work with you to design and make your products better
Custom Composites
We produce materials to your performance and design needs
Design & Analysis
We work with you to ensure your parts perform at their highest potential
Processing & Forming
Quickly develop and maximizie long fiber’s benefits
LFT Solutions
PlastiComp extends long fiber technology to achieve unique material solutions
Complēt Long Glass Fiber
Structural performance in polymers form PP to PEEK
Complēt MT
Ultra durable for demanding applications
Complēt Long Carbon Fiber
Reduce weight or obtain higher performance
Complēt Hybrid
Cost effectively adopt carbon fiber performance
Multifunctional Composites
Combine reinforcement with functional performance
Product literature
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