JASPER, TENN. (Nov. 15, 10:45 a.m. ET) — Growth in materials based on thermoplastic elastomers has led O'Neil Color & Compounding Corporation to add a new twin-screw compounding line at its plant in Jasper.
The line will add eight million pounds of annual capacity for pre-colored specialty elastomers to the site. Jasper-based O'Neil spent about $2 million on the new line, a new maintenance shop and a 30,000-square-foot warehouse expansion since late 2010.
The new line “represents our dedication to continued growth in the Faraprene TPE product line,” O'Neil President Mark Bruner said in a news release. “Another expansion was needed since we have been running at near capacity because of remarkable growth of our TPE products in various markets, as well as solid growth in color masterbatch sales.”
O'Neil now has increased capacity three times in the last three years. The new line brings its total number of lines in Jasper to 12.
O'Neil is a unit of sheet extruder Primex Plastics Corp. of Richmond, Ind. The firm also operates a compounding plant in Garfield, N.J.