New materials firm Ultima Plastics LLC has opened a compounding plant in Evansville, Ind.
In a news release, officials with Evansville-based Ultima said that the 110,000-square-foot plant will specialize in high-performance engineered compounds. Ultima is owned by a group of local investors led by Greg Riedford, a market veteran who serves as the firm's president and who previously co-founded compounder Omni Plastics of Evansville. Omni was acquired by Celanese Corp. in 2017.
Riedford is joined at Ultima by his sons Michael and John. Michael Riedford serves as the firm's sales manager, with John Reidford as operations manager. Ryan Clark is chief financial officer.
Ultima's products include filled and reinforced compounds based on nylon, polypropylene and polycarbonate. Officials added that the firm "focuses on reliability in the production and delivery of consistent, quality thermoplastic compounds."
Ultima's production equipment includes a new KM Berstorff Blue Power twin-screw extruder with loss-in-weight feed control. Officials said the extruder "provides exact proportioning of ingredient combinations designed to deliver tight-specification, high performance compounds at competitive prices."
The Evansville plant has an in-house molding and testing lab to assure quality results and provide physical property certification. Officials said the plant is located near rail and interstate access, allowing for fast delivery and competitive logistics.
In an email to Plastics News, Ultima officials said that the firm employs 10 and has annual production capacity of 15 million pounds. Target markets for Ultima's compounds are durable goods that require fiberglass and mineral filled products. Officials added that the firm also can make products for recycled markets.