Injection molder Electri-Tec expanding in Indiana

By Frank Antosiewicz
Correspondent

Published: August 21, 2013 1:05 pm ET
Updated: August 21, 2013 1:08 pm ET

Related to this story

Topics Automotive, Medical, Injection Molding, Agricultural, Wire & cable

Electri-Tec LLC , a manufacturer of electrical equipment, is adding 15,000 square feet of space and will nearly double the size of its Angola, Ind., facility, according to its President Dan Khorshid.

The company, which does injection molding, makes power cords, wire harnesses and electronic equipment for a varied clientele including medical, agricultural and automotive customers.

Electri-Tec was acquired by Khorporate Holdings Inc., of Fort Wayne, Ind., in November 2012. Khorshid said it has experienced a 25 percent growth rate for the first half of this year.

“Since we’ve come in, we’ve hired five new employees and we’ve used our connections to bring in new customers,” Khorshid said, in a telephone interview.

He said the new addition will boost the size of the building to 35,000 square feet and should be ready by December. The new layout will help improve efficiency.

Angola is providing a tax abatement for the project, and Electri-Tec will add five new employees.

Khorshid said Electri-Tec currently operates seven 30-ton molding presses. It has 36 employees.

The company was founded in 1972.

Khorporate Holdings, a family-owned company, also owns Mossberg Industries Inc., of Garrett, Ind., a manufacturer of plastic spools and reels that underwent a 45,000 square foot expansion that boosted its building to 130,000 square feet in 2012.


Comments

Injection molder Electri-Tec expanding in Indiana

By Frank Antosiewicz
Correspondent

Published: August 21, 2013 1:05 pm ET
Updated: August 21, 2013 1:08 pm ET

Post Your Comments


Back to story


More stories

Badger buys competitor Joseph Homa

September 17, 2014 4:04 pm ET

Badger Plug Co. has extended its protective plugs customer base by acquiring and closing a rival, Joseph Homa Consultants Inc. of Montreal.    More

Image

Cascade Engineering founder Keller to step down as CEO

September 16, 2014 8:33 pm ET

Cascade Engineering Inc. is undergoing a transition as President Mark Miller will also add the role of CEO, replacing founder Fred Keller, who has...    More

Image

Canadian, Mexican injection molders form auto supply joint venture

September 16, 2014 2:26 pm ET

A new automotive parts manufacturer will open in Querétaro, Mexico, through a joint venture between Canadian automotive supplier Papp Plastics and...    More

Image

Increased capacity in the US helps Zeon Chemical supply seals globally

September 16, 2014 9:46 am ET

The automotive industry continues to be one of the driving forces of Zeon Chemicals LP., which specializes in heat-resistant and oil-resistant...    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German su...    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

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

Upcoming Plastics News Events

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

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

More Events