Injection molder M3 launches in Ohio

By Frank Antosiewicz
Correspondent

Published: January 24, 2014 2:00 pm ET
Updated: January 24, 2014 2:04 pm ET

Related to this story

Topics Sustainability, Appliances, Automotive, Injection Molding

A new entity, M3 Productions LLC, which is affiliated with mold maker International Engineering Group LLC, has purchased a 33,000 square foot building in Bellefontaine, Ohio, with plans to offer injection molding as well as mold making and repair.

"We plan to have 15 presses, but we will start with four and add two more shortly," said Danny Allen, vice president of operations of M3, in a telephone interview.

He said that the company will be using Arburg presses and that they will range from 110-550 tons. He expects the first presses up and running by March 1.

The company has five employees and is busy hiring more. It expects to grow to 15-20 quickly.

Allen said that the aim is to supply automakers such as Honda, which is nearby. He also said the appliance and gun industries present opportunities.

The building that M3 purchased had been used for warehousing, and the company is busy upgrading it with a new crane, LED lighting and other amenities.

Allen said that the company has made a big push to "go green," and that's why they chose the LED lighting. They will be using servo motors on the presses, as well as an RJG inspection system in the molds. The initial investment is about $2.5 million.

Owner Jim Moore formed IEG in 2004 and currently has its headquarters in Dublin, Ohio. The company supplies molds that are produced in China and shipped to the United States.

Allen said they plan to bring work back to the United States with the new facility. The site will also enable the company to repair molds.

IEG originally worked with the Ohio Tax Credit Authority for a planned expansion in May 2013 in Hilliard, Ohio, but after due diligence, that deal fell through.

The new location is about 45 miles from the company headquarters.

M3 worked with OhioJobs, a private nonprofit economic development agency, and with Bellefontaine officials to find the new location and were offered an incentive package.


Comments

Injection molder M3 launches in Ohio

By Frank Antosiewicz
Correspondent

Published: January 24, 2014 2:00 pm ET
Updated: January 24, 2014 2:04 pm ET

Post Your Comments


Back to story


More stories

Image

SPI hopes to build on EPS recycling

November 26, 2014 6:00 am ET

Successfully recycling expanded polystyrene can be a challenge, there's no doubt about that. EPS, however, has value, is in demand and deserves to be ...    More

Image

Pan-European plastics recycling show scheduled for 2015

November 26, 2014 6:00 am ET

Europe is to get its first pan-European exhibition and conference aimed at the region's plastics recycling industry next year.    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Uni Cap to build cap molding plant in Jordan

November 25, 2014 12:57 pm ET

The Persian Gulf's largest molder of caps and closures is investing $10 million in a new factory near Amman, Jordan, as part of an effort to boost its...    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

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

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