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Composiflex Receives Award from Erie County Economic Development Corporation for Job Creation and Capital Investment.

During an award ceremony on January 22, 2009, Alan Hannibal, Composiflex president, accepted an award from the Economic Development Corporation of Erie County in recognition of job creation and capital investment throughout 2008. Composiflex, global supplier of highly-engineered composite products, has experienced growth that would be considered notable in any time, but remarkable under the prior year’s economic conditions.

The mission of the Economic Development Corporation of Erie County is to “facilitate the creation of new jobs and wealth…by providing technical assistance, financing and real estate programs to organizations that can be engines for economic growth and community prosperity.”

Composiflex has augmented its work force and enhanced its production capabilities in response, partly, to increased demand from the defense and aerospace market sectors. The company is also seeing more applications that employ recently expanded filament winding and resin transfer molding (RTM) processes, which complement their more traditional prepreg/autoclave methods. Ground has been broken to add more than 60% to the current facility’s square footage, all production space, that will mark an increase from 34,000 to 55,000 sq. ft. this year.

 
 
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