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

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

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Renners leaving Sumitomo (SHI) Demag

November 21, 2014 10:01 am ET

Christian Renners is leaving injection molding press manufacturer Sumitomo (SHI) Demag Plastics Machinery GmbH, the company announced Nov. 21.    More

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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 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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events