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

EU moving closer to rules that will reduce plastic bag use by 80 percent

April 17, 2014 10:54 am ET

European Union countries could have to reduce the use of plastic shopping bags by at least 80 percent by 2019 under draft rules backed by the...    More

Negri Bossi's new owners may 'bring significant manufacturing' to US

April 16, 2014 1:09 pm ET

Italian plastics equipment major Negri Bossi may “bring significant manufacturing of injection molding machines back to the United...    More

Image

Polyair rebuilds from Sandy with help from Process Control

April 16, 2014 4:11 pm ET

Hurricane Sandy gutted Polyair Inter Pack Inc.'s Carlstadt, N.J., plant more than a year ago, and Brian Clawson won't soon forget the devastation.    More

With European Parliament vote looming, official urges bag restriction

April 16, 2014 9:56 am ET

Janez Potocnik, Europe's commissioner for the environment, told the European Parliament April 15 that plastic shopping bags are a “highly...    More

Image

RKW buys Hyplast, folds into RKW Agri

April 15, 2014 11:13 am ET

RKW SE, a Germany-based films and flexible packaging group, has announced it has acquired Belgium's Hyplast NV.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events