Compounder TP Composites Inc. is adding two new extrusion lines at its plant in Aston, Pa.
Aston-based TP will add one of the new lines in May, with the second set to be installed in August. One of the lines will be a twin-screw Coperion line, with the other being a single-screw line.
The new lines are being installed in conjunction with TP moving its office space and warehousing to another building in the same office park, TP's Cliff Watkins said in a March 3 phone interview.
The relocation of its office and warehouse will free up space at TP's existing 22,000-square-foot location while providing 15,000 square feet of new space as well, said Watkins, who serves as sales, marketing and technology director.
TP also has an option to buy the new building. The move, new line installation and a refurbishing of the firm's lab represent an investment of about $1.3 million.
The expansion will create eight to 12 new jobs by mid-2012 at TP, which currently employs 50. Those new positions will include production workers as well as technology and customer service positions.
In a Feb. 28 news release, TP officials said the new capacity will help the company reduce lead times, as well as complement its manufacturing capability in medical-grade and highly filled products. TP's medical work has led to increased use of higher-end materials such as nylon, polyester, polycarbonate and high-temperature polysulfone, Watkins said.
It's the second year in a row that TP has added capacity. The 17-year-old firm added a line in April 2010 to increase capacity in its small-lot manufacturing cell. Officials said that line was sold out by July.
TP makes filled, impact-modified and colored compounds based on a wide variety of thermoplastics. The firm's compounds are sold into numerous markets, including military, business machines and transportation.
In the release, officials declined to provide overall capacity totals, but they said TP's 2010 sales were 12 percent higher than sales for 2008, which had been the best year in the firm's history. Sales for 2011 are expected to increase by between $3 million and $5 million, Watkins said.
TP is owned by three of its executives: Watkins, CEO Ron Taylor and manufacturing director Farokh Kheradi.