Netco stakes out medical niche

By Frank Antosiewicz
Correspondent

Published: November 7, 2012 6:00 am ET

The partnership, from left: Heyo Schmiedeknecht of Salamander Industrial Products, Knut Schmiedeknecht of Netco and Rudolf Brickenstein of Brugmann. (Plastics News photo by Frank Antosiewicz)

Related to this story

Topics Medical, Pipe/Profile/Tubing

HUDSON, MASS. (Nov. 7, 12:05 p.m. ET) — Having built a strong telecommunications business, Netco Extruded Plastics Inc. now is focusing on expanding its medical and industrial markets as well.

“We’re building strong partnerships with our shareholders and our community. We’re also partnering with our employees to foster new ideas,” said Knut Schmiedeknecht, president and CEO, at a 75th anniversary celebration in Hudson.

During the last five years, the company has put in a new management team and an emphasis on improving quality as well as attaining ISO 9001 status, he said. This has given the firm confidence to seek out niche markets.

Netco originally was known as the New England Tape Co. In the mid-1940s it began developing cover extrusions and entered the telecommunications market. Today its extrusions, profiles, clips, insulators and protective sheaths also are used by medical and industrial customers.

One example: a special jacketing component made of fire-retardant material to protect hoses and cables on an airplane.

Schmiedeknecht defined the firm’s specialty extrusion handles lower-volume projects that are focused on quality.

The company runs nine extrusion lines at its 65,000-square-foot facility in Hudson. The majority of its machinery is Davis Standard. It has 28 employees.

Schmiedeknecht said the American market for extruded products is improving. He did not disclose sales but said that they are up more than 25 percent over last year.

The company also is building on a strategic partnership with sister company Ttp GmbH of Papenburg, Germany.

Rudoph Brickenstein bought the company in 1981. He has since retired but is still the largest shareholder in Brugmann GmbH, which owns Netco.

Brugmann’s thermoplastic resources were reorganized in 2002 to form Salamander Industry Products GmbH, which serves as the parent of both Netco and Ttp.

Ttp is run by Heyo Schmiedeknecht, Knut’s brother, and does similar work to Netco. It is larger with four production sites — two in Germany, one in Poland and another in Belarus, according to Heyo Schmiedeknecht.

He said Ttp has been able to grow its sales from 12 million euros ($15.4 million) to more than 26 million euros ($33 million)  in the last three years.

Heyo Schmiedeknecht said some Ttp customers in Europe are considering offering products in the United States, and that Netco can help with new ventures.


Comments

Netco stakes out medical niche

By Frank Antosiewicz
Correspondent

Published: November 7, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

A third generation is adding to the growth at American Vinyl Co.

July 28, 2014 4:32 pm ET

American Vinyl Co., a compounding and extrusion company that increased its workforce 20 percent this year, is looking to double its space for storing ...    More

Image

Who are the fastest growing pipe, profile and tubing extruders?

July 28, 2014 3:09 pm ET

Question: What's the word on this week's Plastics News annual ranking of the top Pipe, Profile and Tubing extruders in North America? Answer: Up....    More

Image

Two medical device makers add specialty products through acquisitions

July 28, 2014 3:02 pm ET

The medical merger mania continues this summer as two more medical device manufacturers are swallowed up by bigger competitors.    More

Image

Australian trade group battles non-compliant PVC pipe fittings

July 28, 2014 2:19 pm ET

An Australian plastics industry association is battling against imported, non-conforming PVC pipe fittings, but is stymied by a convoluted web of...    More

Image

ADS launches public trading on NYSE

July 25, 2014 10:41 am ET

Advanced Drainage Systems, the world's largest producer of thermoplastic corrugated pipe, made its debut on the New York Stock Exchange today with 14....    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

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

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

More Events