BARBERTON, Ohio—Preferred Compounding Corp.'s wholly owned Mexican subsidiary plans to double capacity and employment at its plant in central Mexico by the first quarter of 2015.
The company's board of directors approved a capital expenditure for Preferred Compounding de Mexico's expansion, which will include a second Farrel F-270 Tangential variable speed mixer and an in-line gear pump strainer at the 66,000-sq.-ft. factory, the company said.
Financial detail was not disclosed.
“We expected to add another compounding line sometime in the future, but our rapid growth in Mexico is enabling us to move forward now,” said Scott Lieberman, general manager of Preferred Compounding de Mexico.