Precision injection molder Triformix Inc. is ramping up production of components and semiconductor packaging using optical-grade resins.
On Dec. 1, Triformix said it had completed an additional round of investment totaling $5.2 million. Overall investment is $10.4 million.
The Santa Rosa firm anticipates a sixfold increase in sales next year, Dave Whitney, president and chief executive officer, said in a telephone interview. Triformix does not disclose its sales.
Triformix was established in late 2000 and began operations in October 2001. The company operates three presses with clamping forces of 55, 80 and 88 tons, has a fourth small machine on order and expects to buy four more units during the next year.
Currently, Whitney is filling key finance, marketing and business development positions, and he anticipates having 60 employees by the end of 2004. Currently, the firm employs 16 and occupies 21,000 square feet.
Triformix uses polyetherimide for communication products and a range of clear and pigmented engineering resins for optical imaging and instrumentation applications. The firm provides optical modules for customers that make mechanical and electronic portions of products and contract manufacturers without optical expertise.
Recent investors include American River Ventures of Roseville, Calif.; Pacifica Fund of Palo Alto, Calif.; Selby Venture Partners of Menlo Park, Calif.; and an original participant, SBV Venture Partners of San Mateo, Calif. Other earlier investors include X-Rite Inc. venture-capital arm XR Ventures LLC of Grandville, Mich., and Cypress Semiconductor Corp. of San Jose, Calif.