Phoenixx TPC Inc. has begun shipments of pre-impregnated Thermo-Lite-brand tapes from a 24,000-square-foot leased facility in Dighton, Mass.
In addition, a unit has restarted production of thermoplastic golf shafts at a 10,000-square-foot facility in Vista, Calif.
The company was formed in April 1998 by five executives who are reincarnating portions of bankrupt Quadrax Corp., formerly of Portsmouth, R.I. Each executive was part of Quadrax's operating management.
This year, Phoenixx is proceeding to supply materials to industrial, aerospace and sporting goods markets, Michael Buck, vice president of sales and marketing, said in a telephone interview.
David Park heads Phoenixx as president and chief executive officer. Other owners include Jerry McDonald, vice president of manufacturing; Noel Tessier, vice president of engineering; and Stephen St. Louis, chief financial officer.
``On the raw materials side, our initial foray is to get our old customers back'' for industrial applications and commercial aerospace components, Buck said.
In the golf-shaft business, Phoenixx is ``primarily focused on the aftermarket for this season,'' he said. A June supplement to Golfsmith International Inc.'s equipment catalog will include Phoenixx offerings.
Quadrax was formed in 1986 as a defense supplier. The company expanded substantially beginning in 1995 and filed for protection under Chapter 11 of the U.S. Bankruptcy Code in February 1998.
Quadrax had shut down its advanced composites and golf-shaft businesses in early 1998 and lost its Nasdaq listing in April 1998, but the company continues to operate through its Victor Electric Wire & Cable Corp. subsidiary in West Warwick, R.I.
Phoenixx purchased equipment in October to make 12-inch-wide prepreg tape and, by December, was producing trial orders. The Massachusetts site has an initial annual capacity of 300,000 pounds of thermoplastic prepreg.
At a bankruptcy court sale in December, Phoenixx acquired Quadrax's golf-shaft and tubular-product business, including equipment, material and intellectual property, for $150,000. Subsequently, Phoenixx licensed the Quadrax brand name for use on an interim basis.
The California operation occupies space that Quadrax had leased. In February, Phoenixx restarted the golf line, including equipment to make 6-inch-wide prepreg tape.
Phoenixx employs 20.