INDIANAPOLIS - Compression Inc. announced the addition of three SLA rapid prototyping systems from 3D Systems Inc. in Valencia, Calif. Compression now has 15 rapid prototyping systems using four technologies. All three SLA units use the stereolithography process to turn computerized design files into plastic, three-dimensional models and prototypes.
Compression Inc., based in Indianapolis, is an integrated product design, development and manufacturing company incorporating PRO/Engineer software, high-speed workstations, computer numerically controlled machining centers and 15 injection molding presses for tooling tryouts.
Darrell Pufahl, one of Compression's founders, said the company's growth is largely the result of ``increasing demand for speed-to-market services and an increase in the outsourcing of product development services.''
Since its beginning in early 1993, Compression Inc. has grown to six product development centers throughout the United States, employing more than 240.
Mabuhay to invest in Philippine Resins
LIMAY, PHILIPPINES - Mabuhay Vinyl Corp., the biggest caustic soda and resin producer in the Philippines, plans to raise 607 million pesos (US$23.3 million) through the equities market.
Proceeds of the initial public offering will be used to fund its 49 percent equity investments in Philippine Resins Industries, which operates a manufacturing facility in Limay, north of Manila. Part of the money will be used to expand the production capacity of its plant in Iligan City in Mindanao Island, south of Manila. Some 50 million pesos (US$2 million) will be allocated to upgrade its raw material-storage capacity and expand the capacity of finished distribution depots and warehouses.
MVC also is putting up a new facility at Mariveles, north of Manila, to fill up the growing demand for PVC resins in the domestic market.
Maag Pump Systems, a subsidiary of Zurich, Switzerland-based Maag Holding, is offering shares to foreign investors. The company, which claims to be the world's leading supplier for gear pump systems, had sales of $70 million last year. Maag Pump Systems of America is in Matthews, N.C.
Bamberger Polymers (Cana-da) Inc. of Mississauga, Ontario, agreed to market and distribute Novapol polyethylene resins made by Nova Chemicals Ltd. of Calgary, Alberta. Bamberger Poly-mers (Canada) has distributed mainly commodity polymers for 27 years. It is a subsidiary of Bamberger Polymers Inc. of Long Island, N.Y.