Flow Polymers to add capacity for plastic additives

By Frank Esposito
Senior Staff Reporter

Published: February 6, 2013 3:18 pm ET
Updated: February 6, 2013 3:28 pm ET

Related to this story

Topics Materials, Materials Suppliers

CLEVELAND -- Strong sales growth in plastic additives will lead Flow Polymers LLC to install a new production line by the end of the year.

Sales of SureFlo-brand additives made by Cleveland-based Flow grew 40 percent during 2012, President and CEO Mike Ivany said in a Feb. 5 phone interview. The firm had planned to add the new line during 2012, but Ivany said Flow personnel were able to get more production out of the existing line, which started up in 2009.

SureFlo growth has come from several areas, but Ivany said that recently the material has provided "the biggest benefit" in blow molded parts used in landscaping and trash removal. SureFlo is a proprietary mix of hydrocarbon resins that can increase flow and line speed, and allow different resins to be reprocessed together.

During 2012, Flow also moved part of its rubber-based business to an 83,000-square-foot plant about four miles away from its existing plant in an industrial area of Cleveland's east side. The additional space was needed after Flow closed a smaller plant in Connecticut in late 2011 because of environmental issues from a previous business at that site.

Adding the second site and overall sales growth allowed Flow to add 25 jobs during 2012, Ivany said. More jobs might need to be added in 2014 after the second SureFlo production line comes on later this year.

Flow's main business has been rubber additives and dispersions since it was founded in 1984 by Cleveland entrepreneur Dan Moore. In late 2010, Moore's Dan T. Moore Co. sold a stake of about 75 percent in Flow to Chicago private equity firm Geneva Glen Capital LLC.

The existing SureFlo production line is in a 100,000 square-foot building that was used to manufacture torpedoes during World War II.


Comments

Flow Polymers to add capacity for plastic additives

By Frank Esposito
Senior Staff Reporter

Published: February 6, 2013 3:18 pm ET
Updated: February 6, 2013 3:28 pm ET

Post Your Comments


Back to story


More stories

Materials firm realigns business divisions

October 20, 2014 1:23 pm ET

Trinseo S.A., formerly known as Styron L.L.C., is realigning its business divisions, creating two new business groups — Performance Materials...    More

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-...    More

Image

Evonik sees clear growth opportunities with new Plexiglas Resist resin

October 17, 2014 6:00 am ET

Evonik Industries AG presented a new specialty molding compound during Fakuma in Friedrichshafen with which it plans to exploit the growing demand...    More

Image

Teknor adding second UK production line

October 17, 2014 9:25 am ET

Teknor Apex Co. will add a second thermoplastic elastomer production line at its United Kingdom plant by the end of 2015 to meet growing demand.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar 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

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

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

More Events