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 EATONTOWN, N.J., Aug. 19 /PRNewswire/ -- Novatec Plastics & Chemicals Company Inc., yesterday announced a major expansion of its plastic compounding operations. The company plans on spending in excess of $2 million over the next two years on additional building, mixing, and pelletizing equipment that will eventually result in a 50 percent increase in its compounding capacity.
 Phillip L. Friedman, president and CEO of Novatec Plastics said, "The company will break ground next week on the first phase of this expansion project. We expect to complete a 20,000 square foot addition to our plant which will include added facilities for R&D, Quality Control, Manufacturing and Warehousing. Novatec Plastics has recently completed its tenth year of operations and is committed to continued growth in our markets."
 Tina Palombo, marketing manager of Novatec Plastics said "Novatec's initial entry into rigid PVC compounds in 1982 focused on the extrusion blow molding bottle market. This market will continue to be an important product segment for our company with more than 30 commercial products ranging from a variety of general purpose, chemical resistant, FDA, and hot fill compounds. The company's growth in the 1990s however, is in injection molding compounds and alloys for the business and electronic equipment and wiring device markets, as well as the extrusion compound market for a variety of construction related applications."
 Ms. Palombo further said "Rigid PVC is a very viable material in engineering applications requiring flame retardency, high impact, and excellent chemical and UV resistance and is a lower cost alternative compared to more traditional engineering plastics such as polycarbonate, modified PPO, and FRABS. Novatec Plastics already has an extensive portfolio of NOVABLEND(R) rigid PVC and NOVALOY(R) ABS/PVC alloys for injection molding applications and Novatec's expansion will be necessary to support this growth in these new markets."
 Novatec Plastics & Chemicals Company is a wholly owned subsidiary of PVC Container Corporation (NASDAQ: PVCC) and a leading supplier of specialty plastic compounds. In addition to supplying the industry with several lines of proprietary compounds, Novatec Plastics also offers custom and toll compounding services for its customers. PVC Container Corporation is a major manufacturer of plastic blow molded containers for the packaging industry and operates two major blow molding facilities located in Eatontown, and Paris, Ill. The company's stock is traded under the NASDAQ symbol of PVCC.
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 /CONTACT: Tina Palombo of Novatec Plastics & Chemicals Company Inc., 908-542-6600 (note area code change from 201 to 908), or 800-PVC-NOVA, or fax, 908-389-0431/

CO: Novatec Plastics & Chemicals Company Inc.; PVC Container Corp. ST: New Jersey IN: CHM SU:

TS-OS -- NY016 -- 4232 08/19/93 10:08 EDT
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Publication:PR Newswire
Date:Aug 19, 1993

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