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 had not been chosen as of June 21 when Manner President Raj Bhargava was interviewed by phone.
“It's due to a combination of increased demand among existing customers and picking up of market share,” Bhargava said. “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, which 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 customers in the U.S., Mexico, Canada and Asia. It has a diverse order book in automotive, building products, industrial, electrical, telecommunications, consumer goods, appliances and agriculture.
Growth has been helped by the 2009 acquisition of the intangible assets of PVC Compounders LLC of Kendallville, Ind., he said.
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.
Bhargava said tax abatements and a grant from McKinney Economic Development Corp. and the city 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 company in Los Angeles.
McKinney, population 133,500, was ranked in 2008 as one of the top 100 wealthiest U.S. cities.
“Manner Plastics has been an outstanding corporate citizen since coming to McKinney in 2000,” said McKinney Mayor Brian Loughmiller in a news release. “They have not only contributed financially to the community but also through their service efforts.”