HAMBURG, Germany—Phoenix Compounding Technology GmbH is expanding its global operation with the addition of a plant, machinery and more capacity at different sites in Europe.
The rubber and silicone compound producer, a subsidiary of ContiTech A.G., is building a rubber compounding plant in Nyiregyhaza, Hungary, with plans to complete construction in late 2012. The facility will create a variety of compounds, a spokesman said.
Phoenix is investing about $6.3 million in the complex, which will serve the company's air springs plant in Nyiregyhaza—called Phoenix Legrugo Technologia Ltd.—its hose manufacturing facility in Carei, Romania, and external customers in the region.
The factory is being built in stages, and according to current plans about 30 jobs will be created under the first phase.
Hamburg-based Phoenix, which became part of ContiTech in 2004 and specializes in the production of silicone compounds for high temperature-resistant applications and uses, needed the compounding center to help build up additional capacity because it has seen a greater demand for silicone and other rubber offerings during the last year, the spokesman said.
In addition to the plant in Hungary, Phoenix is investing in a silicone compounder, which is scheduled to enter production in the second half of 2012. The spokesman said the compounder is being added to meet the needs of customers. The company did not reveal which plant would house the compounder.
The firm also is expanding its capacity to manufacture continuous strips at its Hamburg factory with the addition of a bigger gear pump extruder, which will make it possible to make different size strips in a preserving process starting in mid-2012.
Phoenix, with about 780 employees, produces more than 150,000 tons of finished compounds each year at its Hamburg and Waltershausen, Germany, facilities. Its standard range is composed of about 700 formulas for elastomer-based compounds, including natural rubber, silicone, EPDM, SBR, NBR and numerous others.