Global expansion under way at medical packaging thermoformer Prent

Mike Verespej

Published: February 15, 2012 6:00 am ET

Related to this story

Topics Packaging, Medical, Thermoforming

ANAHEIM, CALIF. (Feb. 15, 2:35 p.m. ET) — Medical packaging thermoformer Prent Corp. is building on its strategy of supplying customers globally, with expansions under way in Costa Rica, Malaysia and Denmark.

All that growth is on top of a 50,000 square foot expansion at its headquarters plant in Janesville, Wis., last year that boosted the square footage of that facility to 300,000 square feet.

“We started on the Costa Rica project in late 2011,” said President and CEO Joseph Pregont in an interview at the Medical Design & Manufacturing West show, held Feb. 14-16 in Anaheim. “It’s going to be ready late in the second quarter.”

The Heridia, Costa Rica, plant will be approximately 20,000 square feet and the company’s seventh plant globally.

“It is primarily to serve our medical device customers who manufacture their devices or products in Costa Rica,” Pregont said. “They will get a lot of savings because we will be shipping raw materials there now, instead of shipping products from the mainland United States to Costa Rica.”

Pregont also said that Prent will be moving into “a brand-new facility this month” in Johor, Malaysia, that is approximately 180,000 square feet. The new plant will replace its current 80,000 square foot facility in that country.

“It’s a greenfield facility with Class 8 clean rooms. We’ve been working on it for about six months. Our expansion in Malaysia is based on a recovery in electronics markets and the growth in the medical device market.”

That’s similar to a move two years ago when Prent moved into a new plant in Shanghai that doubled its capacity in that country, and increased the number of clean rooms in China from one to three.

Additionally, the company’s 30,000 square foot facility in Holbaek, Denmark, is “getting itself in position for an additional equipment expansion sometime this year” that will increase the production capacity of that plant by 50 percent, he said.

“We are continuing to position ourselves for the next move for where we need to be for our customers,” Pregont said. “We have to continue to supply our products where our customers wants us to manufacture them. Prent is dedicated to our customer base and our global supply concept.”

Pregont credits the company’s continued expansions and double-digit growth the past decade to “good people who are willing to work hard to improve our quality.”

“We are the only true global supplier to our customers, and we offer superior design and better quality,” Pregont said. “We are working hard to be innovative, develop new product solutions and ways to reduce costs because that is the objective of our customers. With the continued spiraling resin costs, our customers are demanding we come up with cost savings. So we continue to take costs outs out of our products and processes through more labor-efficient equipment, better designs and lighter products.”

Prent currently has approximately 1,600 employees — about one-third of them in Janesville. Prent custom builds its own thermoforming equipment and designs all of its facilities to be identical so that it can move production and equipment from plant to plant.

Prent also has plants in Yauco, Puerto Rico, and Flagstaff, Ariz. Prent’s sales are estimated to be in the neighborhood of $300 million.


Comments

Global expansion under way at medical packaging thermoformer Prent

Mike Verespej

Published: February 15, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ebola scare, ACA could drive health care growth

October 30, 2014 2:45 pm ET

Bill Wood's new forecast for medical supplies and equipment calls for an increase of 6.6 percent in the total output of these products in 2014, and...    More

Image

Protective packaging predicted to grow 6.1 percent annually

October 29, 2014 3:39 pm ET

Protective packaging looks to be a high-growth market in the coming years, according to a new study by Freedonia Group Inc.    More

Image

Schütz investing $20 million for bulk container production in Missouri

October 29, 2014 11:18 am ET

German packaging company Schütz GmbH & Co. KGaA is expanding its presence in the United States through a $20 million project in Missouri slated to...    More

Image

Cosmetic packaging maker expands in China

October 28, 2014 3:32 pm ET

A $180 million expansion project by the Derjin Group of Taiwan has broken ground in China's Jiangsu province.    More

Image

Dow wants more collaborations

October 27, 2014 1:08 pm ET

Dow Chemical Co. is happy to see resins the company produces being stored in silos around the world, but working in a silo is a whole different matter...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events