Re-shoring fuels growth at Colorado molder Intertech Plastics

By Frank Antosiewicz
Correspondent

Published: February 1, 2012 6:00 am ET

Related to this story

Topics Consumer Products, Injection Molding

DENVER (Feb. 1, 1:15 p.m. ET) — When you double your business in one year, it is tough to say that you can do it again. However, that’s exactly what Intertech Plastics Inc. is saying it can do.

With sales doubling to $20 million in 2011, President Noel Ginsburg says he expects the total to rise to $38 million to $40 million by the end of this year.

“Part of it is that we’re drawing business back onshore from Asia and Mexico. That’s a significant part of it,” Ginsburg said in a Jan. 31 telephone interview.

He said that in his 32 years of business, he’s seen business shift to other states or overseas, but he’s convinced that there is a new trend to bring business back to the United States.

“The economy is changing,” he said, noting that the costs for production, research and development, and shipping are increasing. There is also more demand for quicker turnaround.

Ginsburg said it has found a niche in that companies are looking “for cradle to grave” service, meaning that Intertech can start with a design, build the product, package it and even ship it.

He also said in the push to build international trade, companies have farmed out a lot of their services, and now they are coming back to the U.S. looking for companies that can it all.

“I was at the consumer electronics show. I met with six potential customers and without exception, they said, were looking for U.S. suppliers. We want to move some work back and we don’t know where to start,” he said.

Ginsburg said that injection molding for the electronics, housewares and industrial product segments have been especially strong.

Intertech has been preparing for increased sales. The company spent a $1 million on equipment last year, adding 25 employees in the last quarter. He expects to spend another $1 million this year and add more employees.

Intertech installed a 1,000 ton Husky molding machine at the end 2011 and plans to add another in March and a third in the second half of the year. The company also is improving efficiency – a new chilling system added 40 percent capacity and is reducing energy costs by $56,000 according to Ginsburg. The firm also is adding a 10-ton crane, new LED lighting as well as robotics, labeling and conveyer system.

The company has 110 employees and works in a 120,000 square foot facility. It also has about 80,000 square feet of off-site warehouse space. It is also evaluating its future space needs.

Being able to hire more people is important to Ginsburg, who said that a company core value is community involvement. He and his employees do high school mentoring, help Habitat for Humanity build houses and have raised more than $100,000 in a golf tournament for the United Way the last 10 years.


Comments

Re-shoring fuels growth at Colorado molder Intertech Plastics

By Frank Antosiewicz
Correspondent

Published: February 1, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

DS Smith adds to footprint with Croatian injection molding acquisition

September 10, 2014 2:05 pm ET

DS Smith plc, the London-headquartered packaging giant, has announced the acquisition of Kaplast dd, a Croatian injection molding company.    More

Image

California mold maker adds new press

September 9, 2014 1:54 pm ET

M.R. Mold & Engineering Corp. of Brea, Calif., has upgraded its injection molding capability to enhance testing and sampling of customer molds prior...    More

Image

Chicago molder certified as woman-owned company

September 9, 2014 1:41 pm ET

The Women's Business Enterprise National Council (WBENC) has certified Magenta LLC as a woman-owned business.    More

Image

Guangzhou molder creates new products for niche markets

September 5, 2014 1:24 pm ET

GUANGZHOU, CHINA — Guangzhou Talents Foamer Pump Co. provides an object lesson on how small commodity manufacturer can make a mark in an ever-...    More

Image

Rank Group moves forward with plans to sell CSI

September 5, 2014 12:22 pm ET

A proposed sale of Closure Systems International Inc. is looking more likely.    More

Market Reports

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

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

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

Upcoming Plastics News Events

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

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

More Events