MCKINNEY, TEXAS (June 21, 3 p.m. ET) — Flexible PVC compounder Manner Plastics LP is investing $6 million in an expansion of its McKinney, Texas, facility.
Manner will add a sixth production line — a twin-screw compounder — and associated equipment to support the machine. A major equipment supplier hadn't been chosen as of June 21 when Manner President Raj Bhargava was interview by telephone.
“It's due to a combination of increased demand among existing customers and picking up of market share,” Bhargava explained in an interview. “Our revenues have grown by 60 percent over the past four years. Just as importantly we have doubled the number of customers we serve.”
He did not disclose sales of the company he owns. The expansion should add eight to 10 jobs when it is done in the first quarter of 2013 but he declined to provide employment levels.
Manner supplies clients in the United States, Mexico, Canada and Asia. It has a diverse order book in automotive, building products, industrial, electrical, telecommunications, consumer goods, appliance and agriculture.
Growth has been helped by the 2009 acquisition of the intangible assets of PVC Compounders LLC of Kendallville, Ind., Bhargava explained in a news release.
The expansion includes a 3,500-square-foot office addition and 32,500 square feet of warehouse space. Total space for the facility will be 85,000 square feet upon completion.
Bhargava said tax abatements and a grant from the McKinney Economic Development Corp. and the City of McKinney are assisting the project but he did not disclose the value of the assistance.
Bhargava founded Manner in McKinney in 2000 as an offshoot of a predecessor company in Los Angeles.
McKinney with a population of 133,500 was ranked in 20008 as one of the top 100 wealthiest cities in the United States.
“Manner Plastics has been an outstanding corporate citizen since coming to McKinney in 2000,” stated McKinney Mayor Brian Loughmiller in a news release. “They have not only contributed financially to the community but also through their service efforts.”