It’s been less than a year since Park Electrochemical opened its doors at the Newton airport, but already it’s planning a major expansion.
Park Aircraft Technologies Corp., as the business there is called, plans to add 42,000 square feet of manufacturing, office and storage space in a $5 million project. It’s expected to open by September 2010.
Employees at the facility develop and produce advanced composite materials for the aircraft and space vehicle industries. The expansion is needed so the company can offer a wider array of composite materials, parts manufacturing and development technology and capability to the two industries, the company said.
In 2008, the Melville, N.Y.-based company opened the 52,000 square-foot Newton plant, a $15 million project.