A high-performance film company is to start production in Delaware next quarter.
Ajedium Film Group Inc. will focus on cast films for electronics, semiconductors, medical and other high-performance industries using materials such as polyimides, polysulfones, polyketones and fluoropolymers, according to Kathleen Cerchio, director of sales and marketing. Targeted applications include flexible circuitry, capacitors, gasket shims and aerospace insulation, Cerchio said in a telephone interview from Ajedium's future production plant in Newark, Del.
The company also will explore film uses in which safety is key in electrostatic discharge environments. Ajedium will tailor materials that go beyond polyesters in their properties, she said.
Ajedium will occupy the same Newark premises as sister company Empower Materials Inc. Both are owned by Axess Corp., a company co-founded in 1991 by Alexander Giacco, former chairman of Hercules Inc. and Himont Inc., and former chairman and chief executive officer of Montedison SpA. Giacco and Robert Davis, former CEO of Thiokol Corp., founded Axess, which now is owned by Giacco and his son Richard Giacco.
Cerchio said the Newark facility occupies about 25,000 square feet, including Empower's areas for twin-screw compounding, pelletizing and resin analysis. Ajedium is installing flat-die extrusion equipment there at an undisclosed cost. Pete Woloson, CEO of Empower, will direct Ajedium, Axess announced Dec. 24.
Early in its history, Axess acquired rights to polyalkylene carbonates, extremely clean-burning binders used in powdered-metal injection molding, ceramics, abrasives and other industrial technologies.