Coming off what its top executive called a record year, film and sheet extruder B&F Plastics Inc. is moving ahead with plans to revamp three of its 16 extrusion lines by early 2012.
In a March 11 telephone interview, President Bruce Upchurch said the Richmond, Ind., firm is installing new embossing rolls and corona treatment stations and adding pelletizers, to the tune of $750,000.
These are just existing machines that were getting old and they needed to be upgraded, Upchurch said.
The city of Richmond has granted B&F a 10-year, $720,000 tax abatement. Once the upgrades are complete, the firm will add as many as 13 employees to its workforce of 38, he said.
We've been extremely busy. January and February were record months and 2010 was a record year, he said.
B&F is owned by management, following a 2010 buyout aided by a $200,000 economic development income tax grant from Wayne County, Ind.
B&F originated in 1988 as a screen-printing firm focused on signs and displays. It began producing its own substrate materials and custom compounded materials including polyethylene, polypropylene, thermoplastic elastomers, PVC and TirePlast, its patented combination of recycled rubber from tires and plastic.
B&F serves the recreational vehicle, construction, office supply, automotive and truck products and agriculture market, among others.
The company had 2009 sales of about $17 million.