Composite material manufacturer PlastiComp added a production line for manufacturing long carbon fiber reinforced thermoplastic composite balls in 2017
Material company PolyOne has maintained a high momentum of acquisition by increasing the purchase price of composite material producer PlastiComp. This is the sixth company the company has acquired since the beginning of 2017. The company is based on plastics. , Its plastic synthetic material provides long-term fiber technology for medical equipment, robotics, drones, outdoor equipment and other markets.
Robert Patterson, chairman, president, and chief executive of PolyOne, said at a press conference on June 1 that: 'As part of our advanced composite investment portfolio, we are very pleased to be able to Accelerate business and operational investment and further expand this important composite technology.
PlastiComp was founded in 2003 by industry veteran and composite material pioneer Stephen Bowen. The company mainly produces composite materials, ranging from polypropylene to PEEK. It is reported that PlastiComp's long fiber composite material has high strength and high strength. Stiffness, corrosion resistance, wear resistance, recyclability and many other advantages. Bowen added: 'We hope to raise this business to another level, PolyOne is naturally the best choice. PolyOne's comprehensive approach in the design, service and innovation of thermoplastics and composites will further advance our long fiber technology.
Plastics will become part of PolyOne's specialized engineering materials unit. PlastiComp's latest expansion was in early 2017, when it added a new production for long carbon fiber reinforced composites. The company began producing these in 2014. Special materials, there are now five production lines for the production of these products.
PolyOne is a globally renowned company in the chemical industry. It is North America’s largest synthetic and concentrated producer and one of the largest resin distributors in the region. The company’s published data show that sales in 2017 exceeded US$3.2 billion. , an increase of 10% over the previous year.