By Maureen Werther
Polyset, a designer and manufacturer of protective coatings, resins and filtration adhesives, is preparing to expand its operations in the coming year.
A manufacturer of polyurethane adhesives, elastomers and foam systems for the air filtration industry for more than 30 years, the Mechanicville-based company has continued to diversify and expand its market share over the past three decades.
Under the leadership of its partners and brothers Rajatat and Nil Ghoshal, the company has expanded into other markets. In addition to its strong presence in the air, liquid and water filtration industries, the marine, construction and petro-chemical industries constitute a large and growing share of their business.
The company has been ISO 9001-certified since 2008 and is also a certified Minority Business Enterprise (MBE) in New York state.
The company was started by the Ghoshals' father and his business partner 36 years ago in a garage in Round Lake. Both men had been employed by General Electric Co. as engineers before venturing out on their own. Rajatat joined Polyset 14 years ago, after his father's partner retired. A graduate of RPI, he started out as a production engineer in the company's micro-electronic adhesives operation.
Nil joined the company nine years ago, after earning his MBA. He manages business development and marketing for the company.
Currently, Polyset employs 37 people in its 55,000-square-foot manufacturing and administrative facility at 65 Hudson Ave. in Mechanicville.
The company is looking to add warehouse space in order to increase their inventory levels to accommodate the growing needs of their customers.
"We would like to add an additional 10,000 square feet to our existing space," said Rajat. They have already received bids for the work, but they have not made any final decisions or awarded any contracts.
In July, Polyset applied for an Empire State Development grant for $250,000 to help finance the expansion. This amount represents 20 percent of the company's $1.25 million expansion budget, according to Rajat.
The company expects to hear a decision on the grant application by December and, if all goes well, they hope to break ground sometime in the Spring of 2017.
"We are proud of our commitment to job creation, and we hope we can add six more production staff, two lab personnel and one additional office person as part of our expansion efforts," said Rajat.