Engineered materials manufacturer Cool Polymers Inc. will relocate its headquarters from Warrick, R.I., to North Kingstown, R.I., by Aug. 2.
The company announced July 15 that it will move from a 25,000- to a 40,000-square-foot plant in response to increased customer demand.
“We've seen a big growth spurt over a sustained period,” product manager Jim Miller said in a July 16 telephone interview. “In 2009, as bad as conditions were, the growth opportunities were there. We continue to see very high demand for our engineered products, both domestically and internationally.”
The company's sales are up 35 percent in 2010 over 2009, he said.
Cool Polymers' new location will have dedicated space for its CoolPoly thermally conductive polymers and elastomers, and its Xyloy injection moldable metal alloys, according to Miller.
The industrial park where Cool Polymers will relocate is a former U.S. Air Force base that is home to plastics firms including oriented polyester and polypropylene film maker Toray Plastics America Inc. and semiconductor manufacturer Fujifilm Electronic Materials USA Inc., he said.
Formed in 2000, privately held Cool Polymers does not disclose sales. It employs about 50 and may add a few jobs as part of the move, Miller said.
Cool Polymers provides materials and injection molded parts, as well as compression molded shapes, to customers in markets including light-emitting diodes, electronics, connectors, thermal management, medical and consumer devices, automotive and appliances.
Miller said LED lighting is Cool Polymers' largest single end market.
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