O'Neil Color & Compounding Corp. is adding a rail siding and 1 million pounds of resin storage to accommodate growth at its plant in Jasper.
The rail siding will be able to handle seven rail cars, while the storage will be in four 250,000-pound silos, according to O'Neil President Mark Bruner.
The siding and new silos will be supported by a new bulk conveying system. The firm received local and state funding for the project.
Resin volume processed at the Jasper site has been growing by more than 20 percent per year, with sales in O'Neil's fledgling specialty compound business up 40-50 percent.
Jasper-based O'Neil also has hired David Sarkisian as its national sales manager. Sarkisian has 20 years of experience in the masterbatch market with several firms, most recently PolyOne Corp.
Last year, O'Neil added 20 million pounds of capacity by installing a new twin-screw line in Jasper and another at its site in Garfield, N.J.
O'Neil is a unit of Primex Plastics Corp., a Richmond, Ind.-based firm that ranks among North America's 30 largest film and sheet makers.