CHICAGO — Colors For Plastics Inc., a Chicago-based colorant maker and custom compounder, has opened a facility in Spartanburg, S.C.
The site, with two extrusion lines in operation and another on the way later this year, produces liquid color, dry color and color concentrates for thermoplastic materials, CPI officials said.
The facility, which opened in early February, is CPI's third location, joining two in the Chicago area. The new site eventually will have six to 10 employees.
The move marks CPI's second expansion in four years. Its second Chicago facility opened in 1994. The third Spartanburg line will be the firm's 18th overall.
About 70 percent of CPI's business is in polystyrene, polypropylene and polyethylene compounds, with the remainder in compounds for nylon, polycarbonate, acetal and other materials.
The firm chose Spartanburg after it had developed ``multiple accounts with multiple locations'' in the region, according to CPI President Jack Dalleska.
CPI posted sales of $13 million in 1997 and has been growing at a 10 percent clip in recent years, Dalleska said.