Exo-s shifts operations to Indiana site

By Michael Lauzon
Correspondent

Published: October 11, 2013 1:44 pm ET
Updated: October 11, 2013 1:46 pm ET

Related to this story

Topics Automotive, Blow Molding, Injection Molding

A Canadian company plans to shuffle two of its plants in Michigan to a site in Howe, Ind.

Exo-s Inc., an injection and blow molder based in Sherbrooke, Quebec, will relocate operations from Three Rivers and Centreville to Indiana and begin production in Howe in early 2013. The move represents an investment of $6.8 million, according to a news release issued Oct. 9 by the Indiana Economic Development Corp.

“The move will allow Exo-s to accommodate planned expansion of operations to support increased customer demand,” said Todd Fowler, plant manager for Three Rivers, in a news release.

Exo-s supplies heating, venting and air conditioning ducts; engine covers; and related products to the automotive industry. It also runs plants in Coldwater, Mich., and Richmond, Quebec. It has a sales office in Troy, Mich.

Exo-s will occupy a 191,000-square-foot facility in Howe. The relocation will lower production costs and add space to accommodate future expansion. The firm now employs more than 200 in Three Rivers and Centreville and said it will boost staff levels to as high as 250 by 2016 in Howe. Exo-s will begin hiring machine operators, manufacturing staff and technical and engineering personnel early in 2014 to support the move.

Exo-s’ origins date to 1968, when transportation products conglomerate Bombardier Inc. of Montreal set up an injection molding operation in Richmond. In 1982 it combined some plastics and other operations to form Camoplast, which opened a blow molding plant in Kingsbury, Quebec, in 1992. Camoplast expanded to blow molding in Michigan with the acquisition of Crocker Ltd. In 2010 Camoplast bought Solideal and the combined business spun off Exo-s two years later as an injection and blow molder. Camoplast Solideal now focuses on off-road tires, vehicle tracks, vehicle undercarriage systems and other components for off-road equipment, agriculture and material handling.

Exo-s received a General Motors Supplier of the Year award in 2012. Other auto products it molds include coolant and washer reservoirs and air induction systems. Indiana hosts more than 630 automotive-related companies, according to government estimates.

Exo-s also custom molds for agricultural, all-terrain vehicle, toy and appliance markets. Its total employment exceeds 600. It is majority owned by venture capital firm Desjardins Group of Montreal with management also retaining interest.

“The Hoosier State’s sound stat sheet, business-friendly culture and hardworking workforce are just a few of our many compelling values for attracting new business,” stated Indiana Gov. Mike Pence in a news release.

Indiana Economic Development Corp. is offering to Exo-s US LLC up to $2.75 million in conditional tax credits and up to $225,000 in training grants, both based on job creation. LaGrange County, where Howe is based, will consider additional tax abatement.

Exo-s officials did not respond to requests for more details.


Comments

Exo-s shifts operations to Indiana site

By Michael Lauzon
Correspondent

Published: October 11, 2013 1:44 pm ET
Updated: October 11, 2013 1:46 pm ET

Post Your Comments


Back to story


More stories

Image

Jarden hiring for new plastics plant

December 19, 2014 1:45 pm ET

Consumer products conglomerate Jarden Corp. is hiring plastics technicians for a new operation in Erlanger, Ky.    More

Image

The return of HPM's big presses

December 19, 2014 11:47 am ET

HPM is back in big injection molding machines.    More

Image

Sabic: Rapid demand growth led to Ultem shortage

December 18, 2014 12:06 pm ET

Sabic Innovative Plastics has been increasing production capacity for its Ultem polyetherimide but it still got caught short by increasing demand for ...    More

Auto supplier M-Tek relocating headquarters

December 18, 2014 3:37 pm ET

M-Tek Inc., a subsidiary of Japanese automotive supplier Kasai Kogyo Co. Ltd., will build a new North American corporate headquarters in Murfreesboro,...    More

Image

Indian auto parts maker set to buy assets in Germany, Mexico

December 18, 2014 10:35 am ET

Indian auto parts maker Samvardhana Motherson Gropup is buying the assets of insolvent German plastics car parts producer Scherer & Trier (S&T).    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

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

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