“Since the beginning of 2011, our sales have nearly tripled and the view ahead is even more robust,” states Steve Bowen, PlastiComp President and CEO.
“PlastiComp primarily sells LFT pellets, but we also sell LFT technology. To date we have nine LFT lines installed in other companies under license from PlastiComp. Including our own production lines and new lines planned yet in 2013, that number will increase to 17 during 2013.”
PlastiComp, headquartered in Winona, Minnesota, USA, is also adding a new carbon fibre dedicated production line for both LFT pellets and UD (unidirectional) tapes.
“Another significant part of our growth strategy is development contracts with select industry leading companies to grow composite parts in new markets and new applications," notes Bowen.
"We have interesting growth plans in medical markets, energy markets, and sporting goods applications.”
