US-based blown film system provider Addex has closed its facility in Stoughton, Massachusetts and expanded its site in Newark, New York.
The company aims to streamline its business and upgrade its cooling technology, including high-output and stability stackable cooling, and internal bubble cooling (IBC) control systems.
Addex's Newark site expansion includes the installation of a new lab line for developing high-performance cooling technologies, as well as performance and cost-saving upgrades for its electronic control systems.
The company intends to open a cooling system at the Newark site, which will feature EGC auto profile controls, digital IBC controls, and LFR and MGC dual-flow air ring technologies.
The Newark facility will have 15 employees, including newly appointed inside sales manager James Botcher.
Addex president Robert Cree said: "The consolidation is an important step forward because it enables us to focus on what we do best, namely cooling technology."
Cree stated that by closing the Stoughton operation, the company aims to improve its cost structure and overall financial position.
Formed in 1989, Addex no longer supplies complete blown film lines, but continues to service its previous products, such as dies and oscillating haul-offs.
The company currently offers technologies for high-quality film production.