Filtrona, an extrudersof plastic profile, tube and sheet is reporting positive indications for growth. It also announced, on Nov. 2, a new name -- Pexco.
"Signs of economic recovery are already evident in certain markets," Pexco CEO Neil Shillingford said. "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 brand in the aerospace industry.
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.