Custom Polymers International Inc. is expanding its Ravenna, Ohio, compounding operation and getting ready for a move. President Mark Monda said his company is spending about $700,000 to boost output and diversify.
The private firm has ordered a new Werner & Pfleiderer twin-screw extruder and other equipment to keep up with growth. The 83-millimeter machine can process more than 1,000 pounds per hour.
The company currently runs two 53mm W&P twin-screw models making compounds for injection molding and extrusion, Monda said in a telephone interview. A lot of its work is in conductive and nonconductive carbon-black-filled engineering resins, including nylons, styrenics, acetal and thermoplastic polyurethane.
Monda said Custom Polymers soon will introduce a noncarbon-black-based conductive compound.
The company, which Monda bought in August, does much of its business with small processors that order as little as 500 pounds at a time. It is beginning to capture bigger orders and needs the extra capacity to handle the new business, he said.
Custom Polymers is installing a high-pressure feeding system to improve loading of pigments, reinforcements and other additives into its products. Monda said the firm also is installing a laboratory and plans to get ISO 9002 registration in May.
The growth will spur Custom Polymers to move from its leased, 8,000-square-foot building into a rented, 23,000-square-foot facility in spring or early summer.
Monda predicts employment at the company will triple to about 20 this summer as new equipment is added. It might use the current building for warehousing.