Latest Business Deal Firmly Positions PTi in New Global Region
AURORA, Ill- Processing Technologies International (PTi), a leading global manufacturer of high-performance sheet extrusion machinery, has announced the sale of a new sheet extrusion system to Aserpet, based in Gaziantep, Turkey, a PET recycler and soon-to-be manufacturer of PET sheet roll stock. The recently completed sale is PTi's first in Turkey and represents a major stepping stone as part of the company's global expansion strategy.
Aserpet, a recycler of PET flake for the packaging industry, purchased its first sheet extrusion line to help support the company's entrance into the packaging industries. The PTi coextrusion system, which runs 750 kg/hr of PET, also includes a roll stand, winder, and stacker. The machine has been installed and is up and running at the Aserpet facility.
"This is a significant business deal that firmly positions us in yet another key global region," said Patrick Johnsen, eastern regional sales manager. "We're excited about entering the Turkish market because it represents another important step in our global growth strategy." He added that Turkey's economy has remained strong - even during the global economic slowdown - and growth prospects are bright.
As part of its business plan, Aserpet considered several global suppliers of sheet extrusion systems. "After careful examination, we were impressed with PTi's focus on high quality and its commitment to producing machinery with tight-tolerance capability," said Oztas Kaleoglu, general manager of Aserpet. "Our comfort level grew even more due to PTi's emphasis on customer support."
PTi sold the machine through its agent Kerem Anil with Plast-teknik in Istanbul. The company is exploring other business opportunities in Turkey, targeting PET, PP, PS, and barrier sheet extrusion systems for the packaging industry.
About Processing Technologies International LLC (PTi)
Processing Technologies International LLC, based in Aurora, Ill., is a leading global manufacturer of high-performance sheet extrusion machinery, serving more than 20 countries. Established in 1988, PTi produces and services single-screw extrusion equipment for many end-use markets including packaging, construction, automotive, lawn and garden, office products, signage and displays, and appliances. PTi's extrusion systems are engineered to exacting standards and offer an exceptional range of design features which result in superior equipment performance. More information is available by calling (630) 585-5800 or visit www.ptiextruders.com.
(630) 585-5800 Ext. 119