$10 million investment will nearly double manufacturing space for sheet extrusion systems maker.
December 21, 2015 by Canadian Plastics
Sheet extrusion equipment supplier Processing Technologies International LLC (PTi) is making a US$10 million expansion to its headquarters in Aurora, Ill.
The company will add 40,000 square feet of space, nearly doubling its net manufacturing capacity while increasing office space to 20,000 square feet.
Groundbreaking is slated for March 2016 and the new space is expected to be fully operational by October 2016.
“Our strong sales are driving this expansion need,” said Dana Hanson, PTi president. “Over the past couple of years we’ve enjoyed a steady rise in business volume and this appears to be the trend for the foreseeable future.”
An integral part of the expansion, Hanson said, is a 15,000-square-foot technology development centre that will be dedicated to product development and process trials for customers on production-scale systems. “This space will accommodate up to three different systems, including the high-vacuum twin-screw extruder dryer-less technology, a conventional multi-layer (barrier) system, and a third system with newly patented sheet extrusion technology that will be released soon,” he said. “All demonstration systems will feature winders for producing roll stock.”
The company also expects to announce new hiring in connection with the expansion.