Sheet extruder Azimuth Custom Extrusions LLC is installing its fifth coextrusion line in Evansville, Ind.
The year-old firm is investing more than $1 million for the line and related equipment, said Don Ward, vice president of operations. Azimuth is engineering the line installation based on a 41/2-inch HPM primary extruder, a 21/2-inch Davis-Standard coextruder and a 79-inch-wide, Cloeren sheeting die, Ward said in a telephone interview.
The new line, set to start running in mid-February, will bring Azimuth's extrusion capacity to about 20 million pounds per year.
Azimuth is growing rapidly after being established by four former Proform Inc. executives. Ward's partners are Ken Dickerson, president; Charles Mans, vice president of sales and marketing; and Greg Lynch, vice president of finance. The partners started with two extrusion lines.
Azimuth custom extrudes sheet and laminates sheet as thick as 400 mils thick from polystyrene, ABS and acrylic-capped ABS. It supplies thermoformers and distributors in a range of markets. Bath and marine are major outlets for its acrylic-capped sheet.
The company employs about 35, said Ward, who forecasts that sales of medium- and heavy-gauge sheet will reach $12 million to $15 million this year.
Ward and his partners bought part of bankrupt American Sheet Extrusion Corp. a year ago. Azimuth owns the former American Sheet Extrusion building and occupies 74,000 of its 90,000 square feet. The rest of the space is leased to thermoformer Perfect Choice Products Corp.
Former American Sheet Extrusion President Kenneth Hedges, now president of Perfect Choice, started the new thermoforming company when he led the purchase last November of the remaining assets of American Sheet Extrusion.
Perfect Choice makes and sells custom and proprietary products such as shutters, decorative siding, and side wall accessories for home exteriors. It also makes various other acrylic, ABS and PS parts for indoor and outdoor applications.