Petlon Polymers completes £1.3m investment in Lydney UK compounding operation
- January 22, 2016
- Posted by: admin
- Category: Uncategorized
LYDNEY, GLOUCESTERSHIRE, UK, April 28th 2016: Vision Petlon Polymers Limited, the UK’s largest independent custom compounder of engineering thermoplastics announces the successful completion of a £1.3m investment program at its Lydney UK operation.
The plans to upgrade and expand the the business were announced in October 2015 following the acquisition of parts of the former Teknor Apex UK business by Petlon Polymers.
In April 2016 the company commissioned its latest state of the art compounding line moving its annual nameplate capacity to 20KT and has made substantial investments in upgrading its research and development facilities and IT infrastructure including the implementation of an enterprise resource planning system Poly.ERP.
Vision Petlon Polymers Managing Director, Mark Clayton said
our investment plans are strengthening our position in engineering plastics in Europe increasing our capacity to facilitate future growth and increasing capability to better serve our customers with tailor-made engineering plastic compounds.