Extrusion
The expansion allows the company to triple its extrusion output over the next five years, officials said.
The facility will create 29 R&D and manufacturing jobs after it opens early next year; the company's goal is to become a pioneer of sustainable solutions.
The decision allows management to remain in place as the company looks for investors and reorganizes.
Seiler Plastics Corp. is expanding its product lineup by acquiring sheet extruder Central States Products Inc. (CSP) of St. Louis.
Tekni-Plex is spending about $8.5 million and doubling capacity at the Costa Rica plant, adding six extrusion lines plus downstream equipment.
HDPE extruder encounters "unprecedented demand" for products that protect telecommunication pathways.
Company selects Delaware, Ohio, for its third plant, which will employ people laid off by the previous occupant, Chroma Color Corp.
Pallet injection molder Greystone Logistics Inc. has diversified into extrusion with its recent acquisition of the assets of Paradigm Plastic Pallets Inc.
Coming into 2022, Processor of the Year winner Teel Plastics LLC had nearly doubled in size in just a few years. It had invested in injection molding and extrusion capacity to make a wide variety of products — most notably nasal swabs used to test for COVID-19.
Driven by advanced batteries and reshoring, many extruder makers are seeing record sales. But 2023 will bring new challenges.
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