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

Plastikon expanding in Kentucky

October 17, 2014 11:24 am ET

Automotive supplier Plastikon Industries Inc. plans to more than double the size of its production facility in Leitchfield, Ky.    More

Image

Chrysler's Busse has a surprise for you

October 16, 2014 6:00 am ET

Chrysler Group's interior design chief Klaus Busse and his team enjoy hiding what they call "Easter eggs" throughout Chrysler Group vehicles for...    More

Image

Yazaki expanding in Romania

October 16, 2014 6:36 am ET

Japanese car parts maker Yazaki Corp. has unveiled plans to open two new production facilities in Romania, reported local business daily Ziarul...    More

Image

French molder betting on growth in the auto industry, Detroit

October 14, 2014 6:00 am ET

Precision French molder AdduXi Group is opening its first factory outside of its home country — in a Detroit suburb — and the top local...    More

Image

JCI looking at nanoparticle coatings to reduce VOCs in auto interiors

October 13, 2014 6:00 am ET

In an effort to improve interior air quality in the cars for which it supplies parts, the interiors division of Johnson Controls Inc. recently explore...    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