COLUMBUS, OHIO - Plaskolite Inc. is expanding a sheet plant it built in Zanesville, Ohio, a few years ago.
The Columbus-based company will spend $8 million on the new program, including a $4 million acrylic sheet line. Rick Larkin, vice president of finance, said the expansion is due for completion by the end of this year. He did not disclose equipment suppliers.
Plaskolite spent $18 million on the Zanesville operation, which started up in August 2000. The firm spent far more than it originally budgeted for the 160,000-square-foot plant because it added aluminum deposition equipment to make acrylic mirrors, and it included polystyrene sheet production at the site.
The company plans to install another acrylic sheet extrusion line in Zanesville to meet demand. Current acrylic sheet production in Zanesville includes aluminum deposition technology to create acrylic mirror sheet. Plaskolite extrudes acrylic sheet from resin it makes in-house. Typical applications for aluminum-backed, acrylic mirror sheet are point-of-purchase displays and marine construction.
Also in Zanesville, Plaskolite makes PS sheet for lighting panels, a business it entered in 2000 in a deal with Ineos Acrylic Inc. In addition to its original sheet plant in Columbus, it runs an acrylic sheet plant in Compton, Calif., it picked up when it acquired Continental Acrylics Inc. in 2000.
Plaskolite employs about 55 in Zanesville and could add as many as 30 jobs there when the expansion is done.