Sunrock Ceramics, based in Broadview, Illinois, USA, has announced that it has raised equity capital from Stantine Limited Partnership. The proceeds will be used to increase press and kiln capacity to meet growing demand for its industrial ceramics, allowing Sunrock to more than double the production capacity of its 20,000 square foot facility, as well as putting more resources into the development of new products and markets.
Sunrock President and CEO, Doug Thurman, stated, “We are grateful for the confidence that Stantine has shown us. In this period of tight financial markets, we are pleased to be able to take full advantage of the robust order pipeline in our highly specialised markets. Business has been very strong for some time now, with many great opportunities for further expansion, and now we can take Sunrock to the next level.”
Steve Dehmlow, Stantine’s Managing Director, also added “We are very pleased to be involved with Sunrock. They are participating in some exciting markets related to cutting-edge energy, transportation and medical applications, and their ability to deliver the highest quality products in a fraction of the time of others impressed us. We believe Sunrock also provides us with a platform to co-invest in related niche markets down the road.”
Sunrock Ceramics is a manufacturer of high performance alumina consumables used in the production of MIM and PM parts.