PTM Manufacturing expands operations in Delaware

Delaware Governor Jack Markell and Delaware Economic Development Office director Alan Levin joined the partners of PTM Manufacturing LLC on December 11 to announce the company’s plan to launch a manufacturing headquarters in Delaware as it expands its line of cost-effective green energy ducting and insulation system products nationwide.

“The most important thing we can do to move our economy forward is to create jobs,” said Governor Markell. “PTM Manufacturing will help get Delawareans back to work producing products that will help their neighbors lower their energy bills. There can be a strong link between economic wealth and environmental health. Companies like PTM show that we can help our environment while growing our economy.”

The Delaware Economic Development Office awarded PTM Manufacturing a Delaware Strategic Fund loan in the amount of $645,000. The state’s investment is expected to help PTM create 23 new jobs in its first year and up to a total of 67 jobs within three years.

“It’s important to help Delaware businesses identify new opportunities, launch new products and expand into new markets,” said Levin. “The state’s investment in PTM Manufacturing will create green jobs, while enhancing our long-term economic and environmental sustainability.”

PTM was founded in 1998 for the development of HVAC energy efficient technologies and as a fabrication division of Eastern Industrial Services, Inc., based in Newark, Del. PTM distributes its HVAC product lines, Techna-Duc and KoolDuct regionally to provide energy-efficient technology to lower costs and reduce energy consumption. Techna-Duc is PTM’s patented insulation system for exterior ducting. It forms a shield against the environment that eliminates sweating and material breakdown, and has proven to reduce energy consumption by 25 percent.

The company is owned by three members who are the inventors of the Techna-Duc insulation system: Pete Faverio, Mike Zimny and Tim Shelton. PTM’s expansion will begin by establishing a new corporate headquarters in Delaware for all operations. Over the next three years, eight additional manufacturing and distribution facilities will be added throughout the United States.

“We are proud of all the people that have helped us get to this point,” said Pete Faverio, president of PTM Manufacturing. “As we expand, we will stay committed to the energy efficient products we produce and so believe in.”