In what is being described as Cyro Industries' largest-ever expansion, the company will spend $35 million to increase acrylic resin and sheet capacity at its Osceola, Ark., plant.
The Rockaway, N.J., firm will boost polymethyl methacrylate capacity 30 percent, while the added sheet capacity will make Cyro the world's biggest producer of continuously manufactured acrylic sheet, Cyro officials said.
The new sheet capacity will be operational late next year; the PMMA capacity will be running in early 2000. Cyro will add 40,000 square feet and 30 employees at the Osceola plant.
Cyro will use the resin as feedstock for its Acrylite FF sheet, said President and Chief Executive Officer Matt Taylor.
``This expansion is market-driven,'' added Dan Quinlan, plastic products general manager. ``From a sheet standpoint, it means added capacity for the growing Acrylite FF acrylic sheet requirements of our customers.''
Other Cyro products fueling the firm's sheet growth are its HP Multipolymer sheet and Acrylite AR abrasion-resistant sheet, as well as its Acrylite SG, weatherable, high-impact sheet, which is being test-marketed. The PMMA expansion also will cover needs for acrylic-based molding and extrusion compounds.
Fast-growing uses for Acrylite AR sheet include projection television screens, bank teller windows, museum display cases, fast-food menu boards and clear shielding at hockey arenas. HP Multipolymer is moving into store fixtures. Acrylite SG is being targeted at the sign industry.
Cyro holds about 25 percent of the North American acrylic sheet market, trailing only AtoHaas of Philadelphia, with 30 percent, according to a recent industry estimate. Cyro did not disclose sales. Plastics News pegged Cyro's sheet sales at $185.5 million in its 1997 ranking of film and sheet makers.
Cyro is a joint venture between Cytec Industries Inc. of West Paterson, N.J., and Rohm GmbH of Darmstadt, Germany.