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PlasticsToday Staff

April 18, 2016

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IDI Composites, SMC Composites JV serves growing manufacturing base in Mexico

IDI Composites International (Noblesville, IN) announced today that it has entered into a joint venture agreement with SMC Composites (Weslaco TX) in Mexico City. IDI Composites International Mexico, as the JV is named, will focus on expanding IDI’s worldwide footprint and bring the number of its global manufacturing facilities to seven.

IDI reports that demand for its line of sheet molding compounds (SMCs) and bulk molding compounds (BMCs) is at an all-time high. Its newest product line, structural thermoset composites (STCs), is designed for more advanced and higher performing materials in applications requiring high strength and low density. IDI recently completed a multi-million dollar expansion and upgrade of its Noblesville  manufacturing facility and corporate headquarters. 

“The timing of this deal makes sense for us, as global demand for our products continues to grow,” said Tom Flood, IDI Composites International’s Vice President and General Manager, North America, in a prepared statement. “We see this continuing for the foreseeable future,” he added.

In addition to serving the growing manufacturing base in Mexico, especially in the surging automotive sector, as has been reported in PlasticsToday, the state-of-the-art facility in Mexico City also will open up markets in Central and South America, noted IDI Composites.

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