Genesis Plastics Welding adds space, clean rooms in Indiana

By Roger Renstrom
Correspondent

Published: April 8, 2013 11:08 am ET
Updated: April 8, 2013 11:11 am ET

Related to this story

Topics Medical

FORTVILLE, IND. — Genesis Plastics Welding is investing about $3.3 million to expand, renovate and equip its site in Fortville, Ind.

Medical applications make up about 80 percent of Genesis' sales.

The contract plastics welder is adding a 2,600-square-foot, Class 7 clean room that will be operational by May, President and CEO Tom Ryder said in an interview. Genesis already has two 1,000-square-foot Class 7 clean rooms.

In October, Genesis completed a 27,000-square-foot addition and upgrades to its original 15,000-square-foot plant, at which time it vacated 13,000 square feet of rented space.

The State of Indiana Economic Development Corp. granted the firm an industrial revenue bond that will provide tax credits based on job creation. The town of Fortville provided a 10-year property tax abatement that decreases on an annual basis.

The firm, which now employs 87, is hiring for engineering, research and development, and prototyping positions.

Ryder said Genesis is looking for 20-25 percent growth in 2013 vs. 2012. That increase will include new opportunities in energy and sustainability markets, he said. He would not disclose sales.

Genesis received certification earlier this year under ISO 13485:2003.

"We appreciate the suppliers and those in material development who have allowed us to explore less-expensive, better-quality materials for product improvements," Ryder said.


Comments

Genesis Plastics Welding adds space, clean rooms in Indiana

By Roger Renstrom
Correspondent

Published: April 8, 2013 11:08 am ET
Updated: April 8, 2013 11:11 am ET

Post Your Comments


Back to story


More stories

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

No action yet, but opposition still brewing to medical device tax

April 11, 2014 1:29 pm ET

Indiana politicians are stepping up their game in attempts to get the much-maligned medical device tax repealed.    More

3D printing specialist buys Colorado injection molder

April 9, 2014 5:34 pm ET

ARC Group Worldwide Inc. is expanding its reach to plastic injection molding, tooling and magnesium injection molding with the acquisition of two...    More

Eldon James sees more growth in 2014

April 7, 2014 2:30 pm ET

Now settled in its new home, plastics processor Eldon James Co. forecasts sales growth of 40 percent during 2014, coming on top of a 20 percent climb ...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events