PTi investing $3 million in expansion

By Angie DeRosa
Conference Director

Published: April 4, 2012 6:00 am ET

Related to this story

Topics Film & Sheet, Machinery, NPE 2012

ORLANDO, FLA. (April 4, 8 p.m. ET) — Sheet extrusion machinery maker Processing Technologies International (Booth 6885) is investing $3 million to expand production for its equipment.

“We’ve been very busy,” said Dana Hanson, PTi’s president, in an April 3 interview at NPE2012. “Our backlog is at record levels. The size of machinery we’ve been building is significant. This is what is driving us to expand.”

On a macroeconomic level, Hanson believes the United States is coming out of recessionary lows.

“Our customers are extremely busy. Capital expenditure is at an all-time high,” he said. “Our business has hit record levels the last three years and our products are being well received throughout packaging markets in North America.”

The growth has come as a result of an increase in market share and expansion into new markets including “dryer-less” PET systems. Customers also are retiring older equipment for higher capacity and increased efficiency systems.

Through its expansion in Aurora, Ill., officials will increase overall plant capacity by 50 percent. They will add 40,000 square feet of primary manufacturing and office space. That will take the facility to 100,000 square feet and grow it to nearly 120 employees. PTi will break ground later this year with plans to be fully operational by Spring 2013. PTi will be able to build more complex machinery.

The expansion will include a dedicated feed screw testing and development center that will serve as a “proof-of-process” resource for application development work. Officials wanted a place for customers to conduct process trials and identify potential new business opportunities without interrupting their own operations.

“Customers don’t have the time and can’t afford to take the time to prototype,” said Dennis Paradise, senior vice president of sales and marketing.

The company also is expanding internationally. It has delivered a PET packaging line into Turkey. Its sales are up 40 percent over the same period one year ago.

“Our pipeline has never been bigger than it is right now,” Paradise said.


Comments

PTi investing $3 million in expansion

By Angie DeRosa
Conference Director

Published: April 4, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Munson Machinery expanding assembly, testing operations

July 22, 2014 2:02 pm ET

Munson Machinery Co. Inc. is expanding its headquarters factory by about one-third in Utica, N.Y., where the company makes mixing, blending and size-...    More

Image

Beer maker Carlsberg enlists suppliers for 'upcycling' project

July 22, 2014 11:14 am ET

Carlsberg Breweries A/S in Denmark has started an ambitious project with its suppliers to optimize its packaging for the purpose of “upcycling....    More

Image

Windmöller & Hölscher looking to continued growth in China

July 21, 2014 3:40 pm ET

With 2013 global sales of 600 million euros, China has grown into an important export market for Windmöller & Hölscher KG, second only to the United S...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events