Tosaf Completes Latest Capital Investments in Bessemer City, N.C. Facility

Tosaf, Inc., a leading global developer and manufacturer of additives, compounds, and color and white masterbatches for the plastics industry, today announced the completion of additional capital investments in its Bessemer City, N.C. plant. The latest commitment of $2 million for a silo system and additional extruders brings the company’s total investment in the facility to more than $20 million.

The silos were installed to take advantage of a rail spur that serves the plant. Built in 2016, the facility was designed to accommodate the silo system retrofit, a major part of the enhancements that advance its efficiency and cost-effectiveness.

“We now have the needed infrastructure to receive raw materials via rail, which reduces labor and packaging required in our manufacturing processes,” said Tosaf General Manager Chai Tsadaka. “The silos and enhanced production capabilities allow us to better meet short lead times for our rapidly growing customer base. Unlike others, we provide a seven working day or less production order response time.”

Tosaf’s North American 2021 sales surged 30% above 2020. A large portion of that growth is attributable to new customers who represent 28% of active buyers.
more at: https://www.businesswire.com/news/home/20220517005871/en/

Related Posts

Mactac to Showcase Industry-Leading Adhesive Tapes at Tape and Functional Film Expo 2023

Mactac® Engineered Tapes & Laminates announces it will have a leading presence at the 2023 Tape and Functional Film (TFF) Expo, showcasing a wide variety of bonding and laminating tapes for diverse applications. “Mactac has been providing specially engineered, high-quality adhesive tapes for bonding, mounting and fastening applications for more than 60 years and we are excited to show expo attendees what Mactac tapes are made of,” said Janet Page, General Manager, Mactac Engineered Tapes & Laminates, and TFF advisory board member. “Our products are constructed for high-performance long-term applications, economical temporary applications, and everything in between. They are formulated in-house, and they are cleaner and greener than other pressure-sensitive adhesives (PSAs) on the market.” Mactac tapes feature attributes such as high strength, excellent tack and peel, superior shear performance, near-immediate adhesion, ease of product handling and die-cutting, and chemical and UV resistance. Mactac leads the industry in sustainable manufacturing practices as one of the first manufacturers to specialize in 100% solids adhesive technology.

Metsä Group’s 3D fibre product Muoto is a significant new initiative in the packaging market

Metsä Spring, Metsä Group’s innovation company, has launched a new 3D fibre product called Muoto®. Muoto has been produced at Metsä Group’s and Valmet’s demo plant in Äänekoski since May 2022, and is made of Metsä Group’s wood fibres. Muoto is a significant initiative in the packaging market. It is user-friendly, sustainable and scalable and features advanced technology. Using brand new technology, the products are pressed into their final form and their properties can be tailored during the production process according to the intended purpose. The raw material of Muoto grows in northern, sustainably managed forests and is fully traceable. Both renewable and recyclable, Muoto is a good alternative to fossil plastic, for example, in food packaging, including serving dishes or containers of various sizes and shapes. Packaging that is produced to meet a specific need is ideal for reducing food waste.

Highcon and SEE announce Strategic Collaboration

Highcon announced a $8M investment by Sealed Air Corporation in the context of a strategic collaboration between the two companies. The scope of the strategic collaboration includes the following components: *Developing new product offerings, expansion into new segments and enabling manufacturing efficiencies by leveraging Highcon technology *$8M investment in the form of convertible debt and 15% warrants to be converted by the 5th anniversary of the Effective Date at a price of 3.1 NIS per share. *Additional warrants to be granted against possible future purchases up to $20 million of Highcon's products and services over a period of 3 years.
Back To Top
×Close search
Search