WARWICK – Cool Polymers, a Providence Business News Business Excellence Award recipient, is relocating its headquarters to a 40,000-square-foot North Kingstown facility, the company announced Thursday.
The engineered materials manufacturer is currently headquartered in a 25,000-square-foot facility in Warwick. The company decided to relocate 12 miles away to North Kingstown after seeing continued growth and increasing customer demands.
“With the expansion at the new site, Cool Polymers will be able to better serve both our domestic and international customers,” said Kevin McCullough, general manager of Cool Polymers. “The move is in response to our need to rapidly expand the manufacturing capacity for both CoolPoly and Xyloy products.”
Cool Polymers introduced its Xyloy, an injection-moldable alloy, to the market in May 2008. The new headquarters will include dedicated space for Xyloy molding demonstrations and training.
The relocation should be completed by Aug. 2, said the company, but it plans to continue production at full capacity during the move.
“In the new facilities, we will be placing additional focus on numerous growth markets that depend on our products, [including] LED lighting, electronics, connectors, thermal management, medical and consumer devices, automotive and appliance, among others,” said McCullough.
Cool Polymers is an ISO 9001:2000 certified manufacturer of thermally conductive plastics and injection-moldable alloys. Originally part of a 50-year-old organization, Cool Polymers became a separate corporation in 2000.
The company is a 2004 and 2009 recipient of the Providence Business News Business Excellence Award, both times in the Entrepreneurship category. In 2009, it posted a record year, and so far in 2010 has experienced a 30 percent growth rate despite the economy, although the company would not reveal sales figures.
Cool Polymers currently employs approximately 50 people at its Warwick headquarters. With the move to the larger North Kingstown facility, the company plans to add at least two more workers to the second shift and an undetermined number to the first shift.
Additional information is available at www.coolpolymers.com.
