Huntingdon Fiberglass launching second line

By Frank Antosiewicz
Correspondent

Published: April 16, 2014 2:18 pm ET
Updated: April 16, 2014 2:27 pm ET

Related to this story

Topics Automotive, Other transportation

Huntingdon Fiberglass Products LLC is getting set to start up a second production line later this year and hire 15-20 new employees as it sees demand increase for its continuous filament mat business.

“We’ve seen enough business come back since we acquired the business to justify restarting another line,” said Paul Geist, president of the Huntingdon, Pa.-based company, in a phone interview.

The company produces fiberglass materials for the composites market. Its materials are used by the automotive, heavy truck, transportation, wind energy and industrial markets.

Geist, a former plant manager, partnered with Stonewood Capital Management Inc., a Pittsburgh-based equity group, to buy the business from AGY Holding Corp in November. On April 8, Pennsylvania’s Department of Community and Economic Development Secretary C. Alan Walker toured the plant as part of a plan to support the company’s continued growth.

DCED said that it is providing a $32,400 training grant, $150,000 First Program grant for investment in the facility and creating jobs, and $36,000 in Job Creation Tax Credits. HFP is also eligible to apply for a $500,000 low interest loan.

Huntingdon’s facility has been producing fiberglass products since 1943 It was once part of Owens Corning and later, AGY. In its heyday, it had 450 employees, but was hit hard by the 2008 recession.

The company currently has 54 employees and is running 24 hours, seven days a week. They are using about 100,000 square feet of a 400,000-square-foot facility. Geist said that they are working to restart a second CFM line that has been idle for three years. It is rebuilding and investing in new equipment and expect it to be in full operation by the end of the third quarter of this year.

He said that they particularly proud in that they are able to continue production of some parts in which they are the only U.S. manufacturer. Huntingdon makes mostly CFM, but also has conductive roving and wound product lines.

Geist said that they are developing new applications and new products to expand the company. He said that they are also considering additional acquisitions that would complement products that they already produce.


Comments

Huntingdon Fiberglass launching second line

By Frank Antosiewicz
Correspondent

Published: April 16, 2014 2:18 pm ET
Updated: April 16, 2014 2:27 pm ET

Post Your Comments


Back to story


More stories

Image

High pressure RTM systems moving from Europe to Mexico

November 20, 2014 4:24 pm ET

Engel Holding GmbH's subsidiary in Mexico says it has sold the first high pressure resin transfer machine system (HP-RTM) in the Americas to a...    More

Image

Thomson Plastics opens N.C. plant

November 20, 2014 3:12 pm ET

Custom injection molder Thomson Plastics Inc. has opened a new manufacturing facility in Lexington, N.C.    More

Image

Inspection system eyes carbon fiber automotive production

November 19, 2014 9:00 am ET

Pixargus GmbH, the company that created GoalControl, a 14-camera inspection system used to detect if a ball crossed the goal line at the World Cup...    More

Image

Electronics, aerospace driving new Aptiv film production for Victrex

November 18, 2014 9:40 am ET

Victrex plc has launched production at its new $25 million manufacturing facility for high performance thermoplastic film Aptiv, with the United...    More

Image

Category winners announced for SPE Automotive Innovation Awards

November 17, 2014 3:13 pm ET

DETROIT —The Society of Plastics Engineers' automotive division has announced the category winners for its 2014 Automotive Innovation Awards. SP...    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