Auto supplier Prism Plastics adding six presses

By Rhoda Miel
News Editor

Published: July 2, 2013 3:15 pm ET
Updated: July 2, 2013 3:17 pm ET

Related to this story

Topics Automotive, Injection Molding

Auto supplier Prism Plastics LLC is investing $2 million in additional capacity at its plants in Michigan and Texas.

Prism will add six Toshiba injection molding presses — with 85-tons and 200-tons of clamping force — at its plants in Chesterfield, Mich., and Harlingen, Texas, the company said in a July 2 news release.

The expansion will allow the company to boost production by about 20 percent. Prism makes tight-tolerance parts used in seat belts, air bags, fuel components and brake systems.

The company launched in 2000 and in 2012 it posted $19 million in revenue. It has booked $24 million in business for 2013 and more than $30 million so far for 2014.

“Our niche — difficult-to-mold, functional, safety parts — requires us to take advantage of the latest technology at every step in our process to eliminate variation,” said Vice President Jerry Williams.

The new presses will allow the company to take on new parts in addition to higher volume production, he said.


Comments

Auto supplier Prism Plastics adding six presses

By Rhoda Miel
News Editor

Published: July 2, 2013 3:15 pm ET
Updated: July 2, 2013 3:17 pm ET

Post Your Comments


Back to story


More stories

Image

Toyoda Gosei's growth strategy places a big focus on North America

October 23, 2014 1:21 pm ET

Sometimes, knowing your weaknesses is just as important as knowing your strengths. And if 2014 is any indication, automotive supplier Toyoda Gosei Co....    More

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

BASF targets coffee and automotive connoisseurs with new resin grades

October 21, 2014 2:07 pm ET

BASF SE is using polybutylene terephthalate (PBT), which is normally used to manufacture high-end electronics, in a food consumer packaging product.    More

Image

Report: Suspected former Nazi with plastic connection collecting Social Security

October 20, 2014 3:52 pm ET

UPDATED — A one-time plastics executive in Akron is among dozens of suspected former Nazis who have been collecting U.S. Social Security payment...    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

More Events