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

Magna hiring at two Michigan locations

July 28, 2014 11:43 am ET

Magna Interior Trim Components is adding a total of 169 jobs to two of its Michigan manufacturing facilities.    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Chinese auto suppliers growing in US

July 24, 2014 4:17 pm ET

Two China-based automotive suppliers are expanding in the U.S., according to information released by the Michigan Economic Development Corp.    More

OSHA probes alleged asthma link to Lear's Selma, Ala., plant

July 23, 2014 11:58 am ET

U.S. foam manufacturer Renosol Seating LLC is being investigated following allegations its workers are at risk of asthma from TDI exposure at its...    More

Image

Illinois injection molder expands

July 21, 2014 1:23 pm ET

Automotive supplier All-Rite Industries Inc. has added two new injection molding machines to its operations.    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