CIMCO Branch Signs Hewlett-Packard Pact

Compounding Technology Inc., a Corona-based subsidiary of CIMCO, said it has signed a long-term contract with the Palo Alto branch of Hewlett-Packard Inc. to provide a number of enhanced plastic materials for its computer products.

A company spokeswoman said the specific terms of the contract, effective immediately, could not be disclosed. However, she placed the value at between $2 million and $5 million per year and said it currently is scheduled to run less than 10 years. The contract is CTI’s largest.

CIMCO is a Costa Mesa-based maker of thermoplastic components and sub-assemblies, and Compounding Technology Inc. adds glass and other enhancers to plastic to alter its properties.