Compounder RheTech targets automotive

By Frank Esposito
Senior Staff Reporter

Published: May 1, 2012 6:00 am ET

Related to this story

Topics Materials Suppliers Automotive NPE 2012
Companies & Associations

ORLANDO, FLA. (May 1, 3:20 p.m. ET) — Compounder RheTech Inc. is finding success with its RheVision brand of bio-based compounds, and is considering adding a new extrusion line at its plant in Whitmore Lake, Mich.

RheVision can use a wide range of biowaste materials, including pine and maple wood, rice hulls, coconut, flax and agave fibers, strategic growth Vice President James Preston said at NPE2012 in Orlando. Biowaste content can be as high as 50 percent, depending on the individual application, he said.

To date, RheVision has been centered on consumer applications such as dog-food dishes, bird feeders and fencing. Whitmore Lake-based RheTech is working to get the material into automotive applications as well.

The new line in Whitmore Lake would replace an older line, which would then be shut down, Preston said.

RheTech’s plant in Blacksburg, S.C., is running well a year after opening its doors, he added. The plant specializes in compounding nylon, acetal and other engineering resins used in automotive under-hood parts, as well as in parts used in all-terrain vehicles and Sea-Doo water vehicles.

RheTech still does about 85 percent of its work in compounds based on polypropylene. The extreme price volatility of that material has been a challenge for the firm, Preston said. “It’s an industrywide problem,” he said of PP volatility. “You can’t get a yearlong [pricing] contract — it’s hard to even get one for a quarter.”

Overall, RheTech saw sales growth of 20 percent in 2011, and Preston said the firm should be able to match that rate this year. RheTech employs 150 and has annual sales of about $100 million. The firm generates about 65 percent of its business from the auto market.


Comments

Compounder RheTech targets automotive

By Frank Esposito
Senior Staff Reporter

Published: May 1, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

US engineering plastics demand

April 20, 2015 2:29 pm ET

   More

Image

Ford moving forward in carbon fiber for 'high volume' use

April 17, 2015 10:21 am ET

Ford Motor Co. has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight...    More

Image

Force majeure declared at six European sites since mid-March

April 17, 2015 1:10 pm ET

At least six European resin makers have declared force majeure on polyethylene, polypropylene and related products since mid-March, leading to higher ...    More

Image

Executives step down from Star Thermoplastics

April 17, 2015 12:56 pm ET

Executives Randall Fortin and Larry Johnson no longer are with materials firm Star Thermoplastics Alloys & Rubbers Inc.    More

Image

Zoltek expanding CF capacity in Europe

April 17, 2015 10:12 am ET

Leading carbon fiber group Zoltek Corp. has signed a strategic agreement with the Hungarian government to expand its operation in northern Hungary, al...    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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

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

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events