Penn Color Doubling European Color And Additive Masterbatch Capacity
VENRAY, The Netherlands - Penn Color is doubling its manufacturing capacity for color and additive masterbatches for the thermoplastic industry at its Venray, the Netherlands, location. In order to accommodate the new equipment, Penn Color will expand the Venray facility by an additional 21,500 square feet. The building expansion is scheduled for completion in October 2015 with the new equipment fully operational soon thereafter.
This development will broaden Penn Color’s ability to supply a wide range of colorants in both solid and liquid formats, as well as the capability to produce its expanding functional additive masterbatch line.
This is the second expansion at the Penn Color International B.V. facility in the last five years, coming on the heels of a major investment in 2010 that included four compounding lines, application research and development equipment, and production/warehouse space. The initial activities have allowed Penn Color to take a leading role in the colorants and additives business in Europe, complementing the company's position in the American market.
Additional investments in both manpower and equipment are also underway to support this new expansion, including a high-output, state-of-the-art twin screw extrusion line with multiple raw-material blending and feeding options for maximum formulation flexibility.
Penn Color also announced further expansions in both the Milton, WI, and at its largest facility in Hatfield, PA. The company is also actively pursuing additional acquisitions and expansions in Central and South America, India, China, and Europe.
Penn Color is a privately held company with seven manufacturing facilities in the United States, Europe, and India as well as a sales office and research and development lab in China.
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