DENVER – The manufacturing market is changing and Intertech Plastics Inc. is adjusting to its rapid growth with vigor, investing $2 million in machinery including a chilling system, automation and two 1,100 ton presses in 2012.
"What makes us unique is that we are a full turnkey supolier," said President and CEO Noel Ginsburg, in a telephone interview.
He said the company has increased its reach by offering services ranging from design to injection molding to fulfillment.
"We've seen growth from re-shoring as well as from current customers developing domestically – customers that need distribution from the Mississippi River and west. They see Denver as a great hub to come west with," he said.
The company had a big year in 2012, growing its sales 75 percent to about $35 million, according to Ginsburg. He's optimistic about this year, but is not ready for any projections.
In the last quarter of 2012, Intertech added its third new Husky 1,100 ton injection molding machine, automation for support including Yushin robotics and a Thermal Care plant-wide chilling system. The company now has 24 molding machines ranging from 55-1,500 tons of clamping force.
He said the chilling system replaced an older system that had problems coping with the warmer summer weather in Denver.
Intertech operates out of a 120,000 square foot facility and moved some of its warehousing offsite to a nearby 100,000 square foot building. It has between 150 and 200 employees depending on the work.
Ginsbug said customers that moved their business overseas have grown accustomed to a full-service vendor, and that the re-shoring trend finds companies looking for multiple services from their suppliers.
"The old school molders used to supply just the plastic part," he noted.
Intertech, he said, can do more, including product and graphic design, high-speed high-volume molding, assembly, packaging and even delivering products. It does other value-added services such as in-mold decorating and screen and pad printing.
He said the company grew its services by developing its own proprietary products and that has been a catalyst in preparing for the needs of other customers.
The company is making a variety of products for big box type stores. According to Keith Hamilton, Intertech's vice president of sales, the new machines are used for consumer products such as laundry baskets, trash cans, storage containers, phone and tablet cases, and utensils.
The company is growing steadily, especially in the consumer products and industrial industry segments.