Compounder RheTech targets automotive

By Frank Esposito
Senior Staff Reporter

Published: May 1, 2012 6:00 am ET

Related to this story

Topics Automotive, Materials, Suppliers, 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

Best Places To Work: No. 3, Sun Plastech Inc.

March 3, 2015 2:25 pm ET

Sun Plastech Inc., No. 3 on Plastics News' Best Places to Work ranking, offers so many interesting benefits and perks, it's hard to know where to...    More

Image

Best Places To Work: No. 4, Ayanna Plastics & Engineering Inc.

March 3, 2015 2:39 pm ET

Ayanna Plastics & Engineering Inc., a Clearwater, Fla., injection molder and toolmaker, ranks No. 4 on the Plastics News Best Places to Work list....    More

Image

Bayer expands with acquisition of Germany's Thermoplast Composite

March 3, 2015 10:59 am ET

Bayer AG's Bayer MaterialScience LLC has bought composite materials specialist Thermoplast Composite GmbH based near Nuremberg, Germany.    More

Image

Bayer MaterialScience spinoff on schedule

March 3, 2015 10:14 am ET

The head of Bayer AG said the group still must decide the details to spin off its Bayer MaterialScience plastics group this year.    More

Image

Lower oil prices will continue to impact PE, PP resin pricing

March 2, 2015 2:05 pm ET

Lower oil prices will continue to affect North American markets for polyethylene and polypropylene resin in the months ahead.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion 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

Upcoming Plastics News Events

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

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

More Events