Southtech adding extrusion line, space
NEW BERN, N.C.-Southtech Plastics Inc. is investing more than $1.5 million to add an extrusion line and enlarge its facility.
In December, the maker of decorative sheet and roll plastic began installing a new Battenfeld-Gloucester 41/2-inch coextrusion line. Commercial production is to begin in February.
The new line enables Southtech to coextrude a wider range of sheet products involving ABS, styrene and acrylic resins and, in a single run, to laminate material onto a substrate. Three Unidyne hoppers and two Novatec hoppers will feed the line.
Southtech added 2,000 square feet to house two Amtec 80,000-pound silos and now operates in three buildings totaling 40,000 square feet.
Southtech employs more than 75 and recorded 2002 sales of $10 million in supplying products for marine, automotive aftermarket, recreational vehicle, toy and game, furniture, cellular telephone, communications/electronics and point-of-purchase applications.
The firm continues to operate a 31/2-inch coextrusion line and projects 2003 sales of $12 million, Eddie Daniels, general manager, said by telephone.
Bob Leigh is chief executive officer of Southtech, which entered the business in New Bern in 1989.
Cenymer setting up site for film product
LONGMONT, COLO. - Cenymer Corp. is establishing a facility for research, development and pilot production of diamondlike carbon film for solid-state devices.
In December, the development-stage materials firm took a five-year lease on 12,460 square feet in a Longmont office park. The firm then relocated operations about two miles from its original site, Alex Parrish, president and chief executive officer, said by telephone from Pittsburgh.
In August, Cenymer obtained an exclusive worldwide license from the University of Massachusetts chemistry department to synthesize and purify a polymer precursor emanating from chloroform or bromoform monomers.
The precursor is spun or sprayed as a liquid onto a substrate, converted with heat and formed into a carbon-chain, tetrahedrally bonded film for microelectronic, microelectromechanical, optical, thermal management, acoustic-wave and other applications.
Cenymer aims to compete with firms using chemical vapor deposition to make diamondlike film, which has the highest known heat-transfer rate, Parrish said.
The firm employs five in Longmont and will add three or four in coming months. Two people work at the business office in Pittsburgh.
Cenymer was incorporated in February, is completing an initial equity funding and plans to raise venture funding in mid-2003. The firm is developing relationships with six potential customers, with the first work expected to generate revenues by midyear.
Anker, Frigomeccanica form partnership
ACCRINGTON, ENGLAND - British PET machinery and technical services company Anker PET Equipment and Italian cooling system supplier Frigomeccanica Industriale are about to conclude a 2.9 million euro ($2.9 million) partnership.
The deal will see Anker of Accrington promoting Frigomeccanica cooling systems into the PET sector in Ireland and Britain through a distribution agreement.
Frigomeccanica's main United Kingdom distributor, IsoCool Ltd. of South Woodham Ferrers, England, will provide technical service and installation support.
``Both companies will create a joint marketing initiative, i.e. trade events, exhibitions and corporate events. Both agree that product development, working with PET clients to provide complete turnkey systems, is the way forward,'' said Ian Wilks, head of international business development at Anker.
Anker already is an agent in the United Kingdom and Ireland for Italian blow molding machinery producer Sipa SpA. The company wants to offer a range of equipment to PET processors, including new and used machines and auxiliary equipment.
For the Italian partner based in Ponte San Marco, Italy, a deal will strengthen its position and open up new business opportunities in the PET industry, according to Frigomeccanica's sales director Concetto Bufalino.
``For Frigomeccanica, this is a good opportunity because our market is 70 percent plastic. We are entering the PET market more than in the past,'' he said.