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

Hong Kong injection molding equipment maker enters US market

October 31, 2014 1:39 pm ET

Hong Kong-based L.K. Technology Holdings Ltd. is entering the North American plastics processing market with a line of its eXcel injection molding...    More

Image

Finalists named for 2014 SPE Automotive Innovation Awards

October 30, 2014 11:00 am ET

The Society of Plastics Engineers Automotive Division has selected finalists for its 2014 Automotive Innovation Awards competition. Category winners...    More

Auto supplier receiving grant to help expansion

October 30, 2014 3:35 pm ET

Summit Polymers is receiving an $800,000 performance based grant to help with a $7.3 million expansion of three of its Michigan facilities.    More

Image

Magna opens new exterior facility, plans for lighting investment

October 30, 2014 1:36 pm ET

Canadian automotive supplier Magna International Inc. on Oct. 28 opened a new injection molding and robotic paint line facility in Delta Township,...    More

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a Worke...    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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events