SWEDESBORO, N.J. (Aug. 8, 2:15 p.m. ET) — Engineering resins compounder Infinity Compounding Corp. has expanded once again, adding its fifth production line and creating six new jobs.
Swedesboro, N.J.-based Infinity began running the new twin-screw extrusion line in May, co-owner Carlos Carreno said in an Aug. 8 phone interview. The line represents a $700,000 investment for the firm and increases its total annual capacity to 7 million pounds.
Carreno said the new line was needed because of growth in numerous markets, including electrical/electronic, business machines and medical. Infinity's medical business includes compounds that are used in surgical devices. Sales growth of 20 percent is expected this year. The firm has annual sales of about $15 million and employs about 35.
Infinity also recently hired industry veteran Thomas Braganini to cover its newly created Midwest sales territory, which includes Ohio, Michigan and Indiana. Braganini has more than 20 years of sales experience in engineering compounds with LNP Engineering Plastics and RTP Co.
The firm also is in the process of buying the 57,000 square-foot building it currently leases in Swedesboro. Carreno said Infinity has room for two more production lines at the site.
“Things are going really well for us,” he said. “July was our best sales month ever.”
Infinity's product mix includes reinforced, internally lubricated and electrically active compounds based on nylon and polycarbonate, as well as on more specialized engineering resins such as polysulfone and polyetheretherketone (PEEK).