Monday, November 2, 2009

Leading Plastics Extruder Has Optimistic Outlook, New Name

/PRNewswire/ -- One of North America's leading extruders of plastic profile, tube and sheet today announced a new corporate identity and reported positive indications for growth. The former Filtrona Extrusion is now Pexco. Management of the company, which is headquartered in Atlanta and operates seven manufacturing facilities in the U.S. and Mexico, remains unchanged.

Despite challenging economic conditions, Pexco is confident about its future prospects. "We're able to compete successfully due to an intense focus on efficiency in design, production and delivery. Pexco is helping other U.S. manufacturers make better products here, not offshore," said Pexco CEO Neil Shillingford.

"Signs of economic recovery are already evident in certain markets," Shillingford added. "We believe that Pexco is well-positioned to prosper as conditions improve. We have worked hard through the downturn to protect our resources -- both equipment and people -- and now we are ideally placed to grow as the market begins to pick up. We see our growth coming from continued commitment to our existing markets, also a renewed focus on product development and strategic acquisitions."

Pexco, which has been the brand name of the company's medical tubing products, chose its new name to emphasize a unified approach across multiple markets and production sites. Other brands that are now part of Pexco include Davidson Traffic Control Products, PDS Fence and A&B Plastics, a well-known brand in the aerospace industry.

Pexco's capabilities are aligned around several core markets: aerospace, retail, medical, traffic control, lighting and fence. It also offers a full range of capabilities including concept design, prototyping, die making, fabrication and sub-assembly. The company operates 126 extruders, 51 co-extruders and six sheet lines in 750,000 sq. ft. of production space. It ships more than 70 million pounds of extruded plastic product annually.

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