May 20, 2022
With the addition of a silo system and new extruders, representing a $2 million spend, Tosaf Inc. said that it has completed the current round of capital investments in its Bessemer City, NC, plant. The global developer and manufacturer of additives, compounds, and color and white masterbatches for the plastics industry, thus far, has invested more than $20 million in the US facility.
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, said Tosaf.
“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.”
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, said the company.
“Globally, we provide solutions for hundreds of manufacturers in all types of industries that produce a variety of flexible and rigid plastic products,” Tsadaka added. “About 20% to 30% of products from our Bessemer City plant are colors and additives for the food industry — plastics we see every day such as flexible packaging, film wrappings, and the like.”
Seventy-five percent of the company’s total product portfolio is manufactured to customer specifications. For custom colors, the number rises to more than 90%. The plant also supplies masterbatches for manufacturing rigid plastic pipes, building and construction materials, and agricultural supplies.
Founded in 1986 in Israel, Tosaf has more than 1,000 employees in 15 manufacturing facilities, serving 5,000 customers in more than 50 countries.
You May Also Like
Outlook for Electric Mobility on Land, Sea, and Air Detailed in New ReportNov 29, 2023
Dinsmore Named HP Digital Manufacturing PartnerNov 29, 2023
Bioplastics News StreamOct 04, 2023
Compact Cobot Handles Large PayloadsNov 29, 2023