Montrose composite company expanding to Front Range
MONTROSE — Polystrand, a Montrose-based composite-material producer, will break ground Friday for a 120,000-square-foot office and manufacturing facility near Denver in an effort to lower shipping costs of its product and materials used for manufacturing.
Gordon Holdings Inc., parent company of Polystrand Inc. and Gordon Composites Inc., is relocating its corporate headquarters in the move, according to a news release from DB Marketing in Denver. Its Montrose site will not lose any of its approximately 100 workers in the move, the news release said.
“We need room to expand, and being close to Denver International Airport will make it easy for customers to visit Polystrand as we work on development projects,” Gordon Holdings Inc. President Mike Gordon said in the news release.
Founded in 2004, Polystrand Inc. produces reinforced thermoplastic composites that provide structural reinforcement to trucking, automotive, air cargo, wind energy and other industries.
The new facility will be in the HighField Business Park, southeast of Centennial Airport near E-470 and Peoria Street. It is expected to cost around $14 million and will create nearly 240 new jobs in Douglas County, which is among the 10 fastest growing counties in the United States, according to U.S. Census Bureau data.
Sandy Head, executive director of the Montrose Economic Development Corp., said the expansion has to do costs of shipping between Montrose and Denver. Head said the company ships around 60 million pounds of material each year and that a facility on the Front Range makes the company more competitive.
“Easy access to major rail lines and transcontinental highways will also facilitate shipments of materials and finished products,” Gordon said in the release.
Calls seeking comment from Gordon were unsuccessful. A company spokesperson Tuesday said the company will not comment about the move until after the breaking ground Friday.