Asahi Kasei Plastics North America Inc. (Fowlerville, MI) is investing $5.5 million to add new production and laboratory compounding lines, as well as peripheral equipment. The expansion is driven by growing interest in its Leona polyamide (PA) 66 and 66+6I, as well as its Xyron polyphenylene ether (mPPE) engineering plastics.
Asahi Kasei Plastics is also adding six new positions in sales, marketing, and development, in addition to 10 hires to support the manufacturing expansion. This investment follows on a $3 million investment in 2010 to upgrade existing production lines. In 2010, the company celebrated its 10-year anniversary, generating 300% growth in its business since the time it started. Given its continued growth, the company noted that its next capacity increase is currently scheduled for 2012....