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

Coffee roaster looks to improve footprint of single cup systems

April 22, 2014 1:30 pm ET

One of the largest coffee and tea manufacturers in North America has introduced a single-serve beverage capsule intended to curb the waste created by ...    More

Two Eastman buildings among 10 biggest energy savers in national contest

April 22, 2014 11:35 am ET

Two offices at the headquarters of Eastman Chemical Co. in Kingsport, Tenn., ranked in the Top 10 for energy efficiency in the latest Energy Star...    More

Auto supplier adds production space, jobs at plant in central Hungary

April 22, 2014 9:50 am ET

Automotive parts manufacturer Ábrahám Kft. has expanded its factory in Túrkéve, in central Hungary, with the launch of a new production hall as part...    More

Image

German electronics firm expanding in Hungary

April 22, 2014 9:46 am ET

German electronics manufacturer Provertha GmbH has announced plans to set up a new plastic galvanizing plant at the Kapuvár Industrial Park, in...    More

Europe's bag use still expected to climb despite possible bag restrictions

April 22, 2014 9:29 am ET

Ceresana, a Germany-based research company, has released a report forecasting that by 2020 the sales volume of bags and sacks in Europe will reach 9.1...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 – The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events