DENVER (Aug. 6, 3:30 p.m. ET) — Polystrand Inc. has relocated to a new, larger facility near Denver and will begin production of its reinforcing tape there on Sept. 1.
The 8-year-old firm is relocating from Montrose, Colo., more than 300 miles away. In spite of that distance, 32 employees are making the move with the firm. Polystrand eventually expects to employ as many as 240 at the new 120,000 square foot building, which is in Douglas County.
The move was made to gain additional manufacturing space and to be closer to major transportation hubs in Denver, CEO Mike Gordon said in an Aug. 6 news release. The opening of the new facility “marks the opening of the largest facility of its kind in the world,” President Ed Pipel added.
Polystrand's reinforcing tape is made from composites that are based on polypropylene or other thermoplastic resins, which are combined with structural fibers. The firm's composites also can be made in roll, sheets, laminates and preformed inserts.
Markets served by Polystrand's materials include transportation, aerospace, automotive and military/ballistic. End-use applications include threat-resistant armor and structural composite panels.
Some machinery will be transferred from Montrose to the new location. Some pieces of new machinery are being installed as well, a company spokesman said.
Parent firm Gordon Holdings Inc. also is relocating its corporate headquarters to Douglas County. The firm will continue to operate its Gordon Composites and InnoVoc Solutions businesses in Montrose.