SAN LUIS POTOSI, MEXICO –Preferred Compounding’s mixing operation in central Mexico is increasing production and warehousing space by more than 70 percent to 137,000 square feet. The custom compounder with four North American locations has signed a ten-year lease effective Jan. 1 on a building immediately adjacent to its San Luis Potosi facility.
Last year Preferred Compounding de Mexico added 15,000 square feet of inventory and office space and brought online a second Farrel F270 black mixer.
“We continue to grow and will need more room to stay ahead of demand,” said Scott Lieberman, general manager for Preferred Compounding de Mexico and vice president of strategic initiatives for Preferred Compounding. “When the building next to us became available, we moved quickly to secure the space. Location doesn’t get any better than this.”
Preferred purchased the San Luis Potosi facility from a Spanish company in 2012 and brought online one Farrel F-270 in early winter 2013 and then added the second in 2015. The mixers and controls are identical to ones in use at Preferred locations in Tennessee and Georgia. The ISO 9001:2015 certified facility in San Luis Potosi mixes black compounds.
Preferred currently employs 115 people at the 80,000 square-foot facility, about 15 percent ahead of 2015 projections. Initial use of the newly-leased building will be for warehousing, said Lieberman.
“We’re growing faster than the market but keeping our focus on the fundamentals of quality and delivery,” Lieberman said. “What customers and prospects are telling us is that they appreciate our value-added focus on customer service and the business relationship. When we perform, our customers can achieve their objectives.”
Preferred Compounding de Mexico provides custom compounds and services primarily to the Mexican operations of US, Asian and European parts manufacturers. Value-added services include flexible supply and materials agreements, compound development, improvement and testing resources and the company’s MixLoc™ Quality Program, which includes 24/7 online access to quality data and more.
“Like everywhere we operate, we take a custom approach to serving customers,” Lieberman said. “Customers appreciate that we treat each of them individually.”
Preferred Compounding de Mexico is a wholly owned subsidiary of Barberton, Ohio-based Preferred Compounding, the second largest custom compounder in North America. Preferred currently makes black compounds in Ohio, Tennessee, Georgia and Mexico, and color compounds in Ohio and Georgia. Mesabi Mix Vision is used as a common production control platform across all locations.
About Preferred Compounding
Preferred Compounding (preferredperforms.com) supplies proprietary and custom mixed rubber compounds to customers including molders, extruders, mixers and others in the rubber goods market. Primary industries served are automotive, construction, power generation and roll goods. The company is owned by Audax Private Equity.
Jerry Pignolet, Power Marketing/PR: 440-527-0446, firstname.lastname@example.org
Marc Pignataro, vice president, sales and business development, Preferred Compounding: 330-798-4960.