SO.F.TER. announced today the production startup of its new plant in Lebanon, TN. The new site is the company's third production facility in the Americas - the two others are located in Mexico and Brazil - and the first in North America. At the production facility, which has an initial annual capacity of 50 million pounds (23,000 metric tons) engineering plastics are currently being produced, but in 2015, the second stage of this long-term project will be implemented, doubling manufacturing capacity and adding TPE production. Ultimately, the production site will cover 250,000 square feet (23,000 square meters) and boast a total capacity of 200 million pounds (90,000 tons).
The new facilities are yet another step in SO.F.TER's triumph over the market conditions of the past six years. Despite an economy that seems stuck in the doldrums, the privately held compounder has grown into one of the largest independent compounders in the world, tripling its turnover since 2008. Some 50% of this growth is due to acquisitions; the other 50% is pure organic growth.