Additional capacity in works for O'Neil

JASPER, TENN. (Nov. 23, 3:05 p.m. ET) -- O’Neil Color & Compounding Corp. is adding capacity for the second time in less than two years.

This time, Jasper-based O’Neil will retrofit a continuous mixing line with new blending, feeding, palletizing and packaging equipment. The project will be complete in December and is expected to increase the line’s annual capacity by 12 million pounds, officials said.

“This expansion was needed to handle new business obtained during 2009,” O’Neil President Mark Bruner said in a recent news release.

“We have been running at or near capacity because of remarkable growth of our [thermoplastic elastomer] products in various markets, as well as solid growth in color masterbatch sales.”

In early 2008, O’Neil added a compounding extrusion line in Jasper with 12 million pounds per year of capacity. The firm also has retrofitted several lines at its plant in Garfield, N.J., since 2007.

O’Neil’s compounds include Faraprene-brand TPEs and Faralloy-brand specialty compounds, which can be based on thermoplastic olefins or other resins.

O’Neil Color & Compounding is a unit of extruded sheet maker Primex Plastics Corp. of Richmond, Ind.

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