MOSCOW (MRC) -- Sheet extrusion equipment supplier Processing Technologies International LLC (PTi) is making a USD10 million expansion to its headquarters in Aurora, Ill, said Plastocsnews.
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. Artist's rendering of the completed PTi plant. Artist’s rendering of the completed PTi plant.
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.
As it was written before, Processing Technologies International (PTi), a leading global manufacturer of high-performance sheet extrusion machinery,has announced that it is in the final stages of formalizing a commercial agreement with a leading global tooling manufacturer for the exclusive sourcing of its patented layer-flipping technology. This technology allows processors to quickly change the position of extrudates from two extruders in a coextruded structure without tedious disassembly and costly shutdowns.
PTi is a Global Leader in high performance sheet extrusion machinery. Engineered to exact standards PTi systems offer a unique array of design features resulting in superior equipment performance. PTi provides its customers with sheet extrusion systems that manufacture sheet goods to the highest quality standards found anywhere throughout the industry.
MRC