All Service Plastic Molding moving to new site in Vandalia, Ohio

By Angie DeRosa
Conference Director

Published: October 20, 2011 6:00 am ET

Related to this story

Topics Automotive, Consumer Products, Injection Molding

DAYTON, OHIO (Oct. 20, 3 p.m. ET) — Injection molder All Service Plastic Molding Inc. of Dayton, Ohio, is investing upwards of $5.5 million in a consolidation project that will fold three existing leased facilities into one state-of-the-art building in nearby Vandalia, Ohio.

A new 140,000-square-foot building is scheduled for completion in late spring, ASPM President and CEO Joe Minneman said in an Oct. 19 telephone interview.

“That’s what we’re constructing,” he said. “More than likely it will be expanded upon shortly after we get into it. It’s expandable to 185,000 square feet.”

ASPM has been in business since 1984. It operates two facilities in Dayton and one in nearby Fairborn, Ohio. Those locations are about 13 miles apart and comprise 125,000 square feet. The firm is part of Minco Group, a family-owned company that includes Minco Tool & Mold Inc., also in Dayton.

ASPM will take a methodical approach to the move, Minneman said. “It will take us about one year to be fully operational,” he said.

For roughly a year, the company conducted a meticulous search for the best location, including sites outside Ohio. “The business friendly environment in Vandalia is what made us decide to locate there,” Minneman said.

ASPM operates with 58 injection molding presses ranging in clamping force from 50-1,100 tons. Officials are building a little more capacity into the new facility and plan on expanding it fairly quickly. Its equipment cache includes all-electrics.

“We haven’t bought anything that isn’t all electric in greater than five years,” Minneman said. “Our focus is to purchase electric presses.”

ASPM is growing in its automotive and appliance markets, but has seen improvement in other targeted business, including medical, assembly and decorative molding. It employs 180 full-timers and roughly 80 temporary workers. The consolidation will make the firm more efficient, and allow it to support the growth that it is experiencing, Minneman said. Sales have been growing more than 10 percent annually, he said.

“We were fortunate to continue to grow through the 2008-09 period,” he said of the company’s experience during the Great Recession. “We had large enough diversity to ride it out.”

The city of Vandalia and ASPM worked together to get the project accomplished, said Rob Anderson, Vandalia’s city manager.

“They’re a good company,” Anderson said in an Oct. 19 telephone interview. “We wanted to make sure we got the project for Vandalia. It’s a large project and we’re happy they chose us. We felt like we needed to be aggressive to get them to locate here.”

The incentive package included state grants, a grant from Montgomery County and incentives from the city. The county grant was $200,000 to help offset acquisition of the land. The state incentive focused on a rebate in state income tax toward jobs creation and city incentives related to jobs creation.


Comments

All Service Plastic Molding moving to new site in Vandalia, Ohio

By Angie DeRosa
Conference Director

Published: October 20, 2011 6:00 am ET

Post Your Comments


Back to story


More stories

Buyer plans to sell former Hoover molding, assembly plants

July 31, 2014 2:06 pm ET

A former Hoover manufacturing plant with 150 injection machines in El Paso, Texas, and a nearby maquiladora plant in Juarez, Mexico, changed owners...    More

Private equity firm buys majority share of truck accessory maker

July 31, 2014 10:30 am ET

A majority share of Ann Arbor, Mich.-based truck accessory manufacturer Tectum Holdings Inc. has been acquired by Boston-based private equity firm TA ...    More

Spain's ITC Packaging acquires Coveris rigids plant

July 31, 2014 9:59 am ET

International packaging group Coveris Holdings has sold its Spanish business Coveris Rigid Spain, including an injection molding plant, to the...    More

Image

Tessy investing $10 million in new plant, infrastructure

July 30, 2014 4:57 pm ET

Tessy Plastics Corp. continues to buy factory buildings in upstate New York — acquiring a 112,000-square-foot former Honeywell building in...    More

Image

Magna expanding interiors site in Slovakia

July 29, 2014 1:47 pm ET

Magna International Inc. plans to nearly double the size of its manufacturing facility in Trnava, in western Slovakia, to accommodate new automotive i...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events