Wise buys three presses from Battenfeld

Published: April 2, 2012 6:00 am ET

Related to this story

Topics Injection Molding, Machinery

ORLANDO, FLA. (April 2, 9:30 a.m. ET) — Custom molder Wise Plastics Technologies Inc. has purchased three Wittmann Battenfeld Inc. (Booth 2843) injection presses as part of a multimillion-dollar expansion of its factory in St. Charles, Ill.

The TM 550/5100 ServoPower presses, each with a clamping force of 550 tons, are scheduled for delivery in April.

With the three new machines, Wise now has 57 injection molding machines, with clamping forces ranging from 35-1,100 tons.

Wise Plastics has invested $3.5 million over the past several months to add injection molding machines, custom automation equipment and four bulk storage silos.

The investment in equipment and infrastructure is mainly to support several new, long-term projects awarded to Wise Plastics in the fourth quarter of 2011.

The molder has a diversified customer base, with no single segment accounting for more than 20 percent of total sales. Major markets include medical, lighting/electronics, recreational/sporting goods and computers/business equipment.

Torrington, Conn.-based Wittmann Battenfeld Inc. has been a supplier to Wise Plastics since 2000 for various types of auxiliary equipment. This marks the first time the machinery company has supplied injection molding machines to Wise.

Wise Plastics was founded in 1974.


Comments

Wise buys three presses from Battenfeld

Published: April 2, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Smartphone work adds 52 percent to sales for China's Eva Precision

September 18, 2014 4:37 pm ET

Growth in supplying the smartphone and automotive industries helped Chinese processor Eva Precision Holdings Ltd. push injection molding sales up 52...    More

Image

Nolato Contour beefs up white room molding capabilities

September 18, 2014 11:56 am ET

Nolato Medical has extended its controlled environment options to include a white room at its Baldwin, Wis., Nolato Contour plant.    More

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Image

Cascade Engineering founder Keller to step down as CEO

September 16, 2014 8:33 pm ET

Cascade Engineering Inc. is undergoing a transition as President Mark Miller will also add the role of CEO, replacing founder Fred Keller, who has...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and Dis...    More

Market Reports

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

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

Upcoming Plastics News Events

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

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

More Events