Intek investing $1 million to expand capacity

By Michael Lauzon
Correspondent

Published: July 23, 2014 1:59 pm ET
Updated: July 23, 2014 2:04 pm ET

Image By: Intek Plastics Inc. Intek Plastics installed three additional extrusion lines in Hastings, Minn.

Related to this story

Topics United States, Extrusion

Custom profile extruder Intek Plastics Inc. has invested more than $1 million to expand its production capacity by 17 percent.

Intek has installed three additional extrusion lines at its Hastings, Minn., headquarters plant. It did not break out how many extrusion lines it had been running prior to the expansion completed in late June.

“The expansion helps us support our customers in our core markets — construction, refrigeration, lighting and industrial OEMs — and the growth they are experiencing,” stated Intek President Mike Kinning in a July 13 news release. Higher capacity also will help Intek enter new markets, he added.

Intek’s additional lines are two new Davis-Standard single-screw machines and a rebuilt Cincinnati Milacron twin-screw extruder.

The company predicts the extra capacity will help boost its annual sales to $50 million over the next few years. Kinning said that his firm experienced significant growth in the second half of 2013 and it expects growth to continue in the near future. He did not disclose sales figures for 2013.

The private firm founded in 1961 employs more than 160 and expects to add as many as 10 in the next couple of years.

Intek extrudes and fabricates products for medium-to-large OEMs. Its major raw materials include PVC, acrylics, polycarbonate and thermoplastic elastomers. It also operates a facility in Hawthorne, N.J., that extrudes components for the point-of-purchase display and other industries.


Comments

Intek investing $1 million to expand capacity

By Michael Lauzon
Correspondent

Published: July 23, 2014 1:59 pm ET
Updated: July 23, 2014 2:04 pm ET

Post Your Comments


Back to story


More stories

Image

RPC expansion provides the space needed for continued growth

September 22, 2014 11:46 am ET

MORGANTOWN, PA. — Success, over time, created a challenge for RPC Bramlage-Wiko USA Inc. in this rural Eastern Pennsylvania town....    More

Image

TenCate materials help new amphibious sport aircraft take off

September 22, 2014 4:13 pm ET

TenCate Advanced Composites is supplying materials used in a new consumer sport plane made by ICON Aircraft.    More

Image

Breakaway success in Hollywood means growth for Smooth-On

September 22, 2014 1:30 pm ET

With the company “bursting at the seams” according to its co-owner, Smooth-On Inc. is moving from an 80,000-square-foot facility to a...    More

Image

Consumers want more function, less waste from their caps

September 22, 2014 11:35 am ET

In our daily lives, we always want more from the products we use, and dispensing taps and fitments can be a key part of that equation.    More

Image

New medical firm buys Clairson Plastics

September 19, 2014 4:33 pm ET

Custom injection molder Clairson Plastics is being sold to a new start-up that plans to dive into the medical market with a new dialyzer, a key compon...    More

Market Reports

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

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

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events