Composite Building Products International Inc. is out to get its share of the composite decking market: The firm plans to establish production in the Southwest by 2005 and may make its move by acquisition.
Plans are not solidified yet, George Morandin, executive vice president of sales and marketing, said May 14 at CBPI headquarters in Barrie. CBPI is known for its Xtendex decking, extruded from high density polyethylene, rice hulls and flax.
The firm also is expanding its 150,000-square-foot facility in Barrie, where officials will add two extrusion lines in 2003 for a total of 11.
The company has boosted efficiency - its lines now extrude nearly 80 inches per minute compared with about 30 inches per minute last year.
Barrie has the capacity for 16 extrusion lines and 12 injection molding machines. Currently, it has one 40- and one 30-ton press.
``We're experiencing a dramatic amount of organic growth,'' Morandin said, but he would not disclose sales.
In addition, the firm has invested US$2 million to boost compounding capacity from around 30 million pounds annually now to 50 million by next year.
``It will be in place in 2003, and what it's going to do is give us the flexibility to run different colors,'' Morandin said. ``It's always a work in progress.''
Perhaps more important, Morandin said CBPI is working with other manufacturers to set standards for composite decking.
``We want to make sure that people get the value they paid for,'' he said. ``The industry is still in its infancy. I'm not saying there's a lack of discipline; truly, the bulk of [manufacturers] are trying to do the right thing. But I don't think there's been enough history or standardization. The industry's still new enough that it's been hard to establish benchmarks.''