Hi-Tech Hose Inc. is adding 15,000 square feet of warehouse space that President William P. Liebegott said will free up room for production and may lead to a doubling of the firm's sales. The plastic hose and thermoplastic rubber flexible ducting maker currently posts $5 million in sales annually.
The company has been growing at a rate of 30-40 percent since its creation in 1987, the firm's president said.
Once the expansion is completed in May, Hi-Tech will have 5,000-8,000 square feet of additional production space, according to Liebegott.
The executive declined to reveal the cost of the project, which he said ``began in the dead of winter.''
The new warehouse is being built on the back of the company's current 16,000-square-foot manufacturing facility in New-buryport, Mass.
``We'll add two more production lines, and with that we can easily double our sales at that point,'' Liebegott said.
The president said Hi-Tech will introduce a general wire-reinforced product and a new all-plastic hose to its product line once the expansion is complete.
Fifty percent of the firm's business comes from processed thermoplastic rubber, Liebegott said, while the resin is generated from products made from polyure-thane and PVC.
``We have a relatively new technology in an old industry,'' Liebegott said. ``We have a proprietary extrusion process to make lightweight duct hosing.
``In theory we can make flexible ducting out of anything we can extrude.''
Hi-Tech can manufacture 2- to 20-inch wire-reinforced duct hosing and all plastic hosing from 10mm to 8 inches.
The hosing is used in ``thousands of applications,'' Liebegott said, including dust collection, welding fume exhaust and straw blowing. It also is used for industrial heating, ventilation and air conditioning applications. Basic stock lengths are 25 and 50 feet.
``We've just run out of warehouse space to store it all,'' Liebegott said.
The company made its first foot of hosing in April 1987. It is headquartered in Santa Ana, Calif., but its lone manufacturing facility is in Newburyport.
Liebegott said the firm probably will add three to six employees to its current roster of 35 once the expansion is finished.