New molding firm Belmont Engineered Plastics opens in Michigan

By Frank Antosiewicz
Correspondent

Published: May 1, 2013 3:21 pm ET
Updated: May 1, 2013 4:50 pm ET

Related to this story

Topics Injection Molding

PLAINFIELD TOWNSHIP, MICH. — A start-up company, Belmont Engineered Plastics LLC, is establishing an injection molding operation at a former Kimberly-Clark Corp. factory near Grand Rapids, Mich.

"We're just excited to be there. We're looking forward to growing the plant," said David Schmid, vice president and secretary of Loudon, Tenn.-based Fort Defiance Industries Inc., which will be a sister company to Belmont Engineered Plastics.

Dallas-based Kimberly-Clark had planned to close the plant by June. It made work safety products such as safety flags, barricades and barrels. The company had announced in January that it was discontinuing that business and would close the factory, which it calls its Belmont Mill plant.

Fort Defiance is a Kimberly-Clark supplier. When company officials learned that the factory was shutting down, they investigated the opportunity.

Belmont Engineered Plastics is affiliated with Fort Defiance and another sister company, R&S Logistics Inc. of Lenoir City, Tenn. All three companies will remain separate entities, Schmid explained in a telephone interview.

Fort Defiance makes military medical items like water recovery systems and air compressors; R&S Logistics is a warehousing and logistics company.

Schmid said officials were impressed with the Plainfield Township area and the opportunity to be able to get into the injection molding business.

They also found state and local authorities to be accommodating. Belmont Engineered Plastics bought the 150,000-square-foot building and various assets in late March.

"It was all pretty seamless. We were down for about a week," he noted.

Belmont Engineered Plastics hired about 50 Kimberly-Clark workers, and it has promised to create 62 new jobs over the next three years. Terms of the deal were not released, but the new company is investing $5.5 million in machinery and the facility.

According to The Right Place Inc., a non-profit economic development agency, Belmont Engineered Plastics is receiving a $900,000 performance-based grant from the Michigan Business Development Program. It will also receive tax abatements from Plainfield Township.

Schmid said a key component of the deal was securing manufacturing contracts with Kimberly-Clark to continue making security products. The company also has other contracts, and is working to diversify its customer mix.

Belmont Engineered Plastics has 23 presses, in sizes up to 700 tons of clamping force. The company plans to invest in new machinery and molds.

Schmid added there are some synergies between their companies. R&S can provide warehousing and logistics. Fort Defiance can provide engineering and manufacturing help, while Belmont Engineered Plastics can provide plastic components for some Fort Defiance products.


Comments

New molding firm Belmont Engineered Plastics opens in Michigan

By Frank Antosiewicz
Correspondent

Published: May 1, 2013 3:21 pm ET
Updated: May 1, 2013 4:50 pm ET

Post Your Comments


Back to story


More stories

Image

German injection molders Metz-Werke and Inotech to collaborate

August 21, 2014 11:47 am ET

German injection molding companies Metz-Werke GmbH & Co. KG and Inotech Kunststofftechnik GmbH have announced that they have joined forces to bring...    More

Image

Enor expanding in S.C., moving toy production to U.S. from China

August 20, 2014 4:01 pm ET

Wal-Mart Stores Inc. has convinced toy producer Enor Corp. to expand U.S. production at the expense of sourcing from China.    More

Image

Venture Plastics adds 720-ton press

August 20, 2014 2:03 pm ET

Venture Plastics Inc. expanded its El Paso, Texas, custom molding facility in early summer to grow sales.    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Germany's Bolta building $50 million plating plant in Alabama

August 19, 2014 2:21 pm ET

A German company is setting up a plastics chrome plating plant in Tuscaloosa, Ala.    More

Market Reports

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

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events