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

Humanoid robot provides inspection service with a smile

October 17, 2014 6:00 am ET

Everyone knows robots can improve production and quality. But no one says they can't show a little personality while they're working.    More

Image

Arburg starts taking orders for Freeformer

October 15, 2014 12:52 pm ET

FRIEDRICHSHAFEN, GERMANY — For fans of 3-D printing, Fakuma 2014 marks an important date: Arburg is taking German orders for the Freeformer.    More

Image

Taiwan's machinery makers look to speed development of all-electrics

October 15, 2014 11:25 am ET

Taiwan's large plastics machinery industry faces a challenge — less than 10 percent of its equipment uses the more eco-friendly all-electric...    More

Image

Cosmo Films evaluating coating in US

October 14, 2014 6:00 am ET

Cosmo Films Ltd. may start chemical coating of films in the United States.    More

Image

iPhone 6, other smartphones may boost Taiwan's plastics market for late 2014

October 14, 2014 6:00 am ET

Taiwan's plastics and rubber machinery industry, one of the world's largest exporters of plastics equipment, is projecting a modest recovery in the se...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events