RESIN EXPANS TO RALEIGH; CAPE WOMAN WILL MANAGE N.C. PLANT

EXPANDING TO NORTH CAROLINA: Resin Exchange has announced its expansion to Raleigh, N.C. The local firm will move one of its compounding lines, capable of producing two million pounds of plastics annually, to the Raleigh plant, shown here, and will open there within 30 days.

Resign Exchange in the Nash Road industrial area has announced its expansion into a 110,000-square-foot plant in Raleigh, N.C., and the signing of a contract with Monsanto.

The expansion comes as the local company observes its 10th anniversary this month. Dale R. Schumacher, president and chief executive officer of the firm, said the company was founded in November 1981, with two employees and a $500 investment. The firm now employs 85 people and its gross revenue exceeds $20 million.

Schumacher said the expansion is a joint venture in compounding between Resin Exchange and NMC, SA. NMC Corporation is an international operation with 17 plants: four in North America; four in Belgium; two each in France, Germany and Holland; and one each in Great Britain, Greece and Italy.

Resin Exchange will move one of its compounding lines, capable of producing two million pounds of plastic annually, to the Raleigh plant, and will open there within the next 30 days.

Tammy Propst of Cape Girardeau will manage the new plant. Propst, who has been with the firm three years in a sales capacity, will move to Raleigh soon.

Resin Exchange has been approved by Monsanto as a compounder, and has signed a contract that will provide the firm with an additional two to five million pounds of custom color work.

Resin Exchange was founded as a spinoff of Atlas Plastics, which was established by the late Charles N. Harris in 1960.

Both are divisions of Spartech Corp., headquartered in Clayton, Mo. Spartech acquired Resin Exchange and Atlas Plastics in 1986.