Since opening in February, a new plastics compounder in Ohio already has reached 40 percent of its an annual capacity of 40 million pounds.
Engineered Plastics Corp. makes virgin polycarbonate and ABS compounds and ABS/PC alloys for extruders and injection molders supplying parts to the automotive, appliance, consumer, industrial and sheet markets.
In time, the firm will produce other proprietary engineering plastic compounds.
The Akron, Ohio, firm started with five employees, has a staff of 30 now and ``should double [its work force] next year,'' Jim Rauh, co-owner and president, said in a telephone interview. His older brother, Joe, is co-owner and vice president.
Engineered Plastics invested $4 million to buy and modify a 100,000-square-foot building on 10 acres, stocking inventory and buying machinery and equipment.
The operation uses two 1,300-cubic-foot, temperature-controlled ribbon blenders, a dual 10-inch compounding extruder line and a 10-inch extruder. Another dedicated 6-inch extrusion line compounds virgin powder into clear PC. An additional 6-inch extrusion line should be operational by year's end, Jim Rauh said.
The brothers Rauh moved into plastics compounding from other family businesses.
Quality Custom Mixing Inc. of Akron acquired Rauh Rubber Inc. in January. A younger brother, Brian Rauh, was modernizing that Akron operation and planning an industrial-revenue-bond issue until his death in a July 1997 automobile accident.
Acme Magnetics Tapes Ltd. of Hong Kong purchased the inventory and equipment of the Rauh family's Gaia Enterprises Inc. in late 1996.
Gaia of Akron reclaimed magnetic media and sold the material into the secondary market in China.