2011 is starting off at a fast clip for Colors For Plastics Inc., as the color compounder and concentrate maker will install two new twin-screw extrusion lines by the end of January.
The new lines will be installed at one of CFP's two plants in Elk Grove Village, Ill., where the firm is based. The equipment is expected to increase the site's annual production capacity by 20-25 percent, officials said, and will allow CFP to move an existing extrusion line from that site to its third plant, in Spartanburg, S.C. That move is expected to boost annual production capacity in Spartanburg by 7 million pounds.
Overall sales growth for CFP in 2010 was 25 percent, pushing the firm's sales to around $20 million.
Over the last several years, we've focused on markets like industrial containers and housewares, where we were having some success, national sales manager Ron Hulbert said by phone Jan. 11. We've also done more in medical and packaging.
CFP also expanded its geographic base beyond the Midwest, pushing more into the Southeast and East, he added.
In the last year, CFP also has made a number of moves to enhance its staff. Tom Boerner has joined the firm as business development director, bringing almost 30 years of experience in pigments and additives.
Keith Condon, with more than 20 years of experience in that same field, has been named CFP's research and development manager. Condon also has extensive experience in liquid color, a product area that accounts for about 20 percent of CFP's sales. The firm has about 5 million pounds of annual liquid color capacity in Elk Grove and Spartanburg.
Joe Cascarano, with 15 years of process engineer experience, also has joined CFP's technical service team in Elk Grove Village.
CFP now operates a total of 22 extrusion lines at its three plants. The 39-year-old firm employs about 100.
Hulbert said the 25 percent sales gain that CFP enjoyed in 2010 can be matched in 2011.
2010 ended really strong, and the first few months of 2011 are looking really good, too, he said.