Mantaline Launches Strategic Growth Campaign
Polymer Seal Application Manufacturer Remains Strong in Troubled Economy
MANTUA, OH (June 1, 2009) – In this tumultuous economy, industrial-component manufacturers are all under intense scrutiny. Mantaline Corporation of Mantua, Ohio, is working to remain a valued partner to their customers and an innovative provider of polymer and elastomer seals for the transportation industry; specifically the Heavy Truck, Off-Road Vehicle, Rail, Automotive, Recreational Vehicles, and Marine markets. Using a survivor strategy, Mantaline knows how to take advantage of the economic downturn by creating an opportunity for new business development and growth.
“At Mantaline, we are well-positioned to ride out the current economic conditions,” said Tom Mlinar, Vice President of Business Development for Mantaline. “We have already secured and implemented near-term growth projects that will improve our revenues by 30% this year.”
Last year, while the industry faced a near tripling cost of raw materials, Mantaline, with the assistance of key customers, was able to absorb the extraordinary additional material costs and still end its fiscal year 2008 in the black. Although volumes are down across the entire transportation industry this year, Mantaline has carefully managed their business for a positive outcome. They are not heavily dependent on industry giants like GM or Chrysler and instead have strategically focused their business positioning in other niche areas. They are also moving forward with an extensive business expansion plan that will allow them to more efficiently serve a variety of current and future customers.
Since 1964, Mantaline has been the leader in engineered sealing solutions for demanding molding and extrusion applications. Today, Mantaline is a strategically integrated supplier with dedicated market teams focused on providing the customer with engineered elastomer systems that manage wind, water, air, abrasion, vibration and lubricants. Mantaline’s expert technical staff is made up of highly trained industry veterans with expertise in product design, finite element analysis, tooling, processing, logistics, and project management.
For more information, visit their site at www.mantaline.com, call (800) 321-0948, or email info@mantaline.com.