PMT named manufacturer of the year by consulting group Frost & Sullivan

By Roger Renstrom
Correspondent

Published: June 12, 2014 4:35 pm ET
Updated: June 12, 2014 11:18 pm ET

Image By: Plastic Molding Technology Inc. Charles A. Sholtis leads a tour of PMT in 2013.

Related to this story

Topics Automotive, Electrical/electronics, Medical, Injection Molding

Strategy consulting and research firm Frost & Sullivan named Plastic Molding Technology Inc. of El Paso, Texas, as the winner of a major manufacturer of the year award.

“The award is a tribute to the progress of the plastics industry and our employees who help us be one of the premier manufacturers,” Charles A. Sholtis, PMT owner and CEO, said in an interview.

The judging panel for Frost & Sullivan’s manufacturing leadership community recognized PMT as the manufacturer of the year in the competition’s small/medium category for companies with sales of less than $1 billion. PMT has 100 non-union employees, occupies 60,000 square feet including a tool-repair shop and projects 2014 sales of $16 million.

Sholtis said that PMT used internal resources in developing its highly detailed entry for the competition.

Frost & Sullivan cited two PMT transformational projects: a comprehensive lean continuous improvement initiative and a multi-dimensional, integrated sustainability program.

PMT says it began focusing on sustainable solutions in 2010 and continues to implement programs. The projects produce ongoing savings and contributed to PMT achieving record profit last year, Sholtis said.

Among the efforts, a proprietary hard-wired Shopwatch programmable logic controller automatically monitors machine run time and shuts off the pump motor of a press left unattended or in a standby mode.

An internally developed control system reduces idling time of PMT’s 40 plastic regrind machines and cut their energy consumption by 95 percent.

As part of an enterprise resource planning system from IQMS Inc. of Paso Robles, Calif., customized software captures data acquisition, archiving and collection of molding machine parameters.

A $150,000 system from Stanley Group’s Vidmar unit in Allentown, Pa., stores customer-owned molds, uses an IQMS link to track their locations and saves about 780 man-hours per year through shorter retrieval times.

PMT is accredited under ISO/TS 16949 and ISO 9001 and is pursuing certification under ISO 13485.

As of June 11, PMT’s operations had gone 1,409 days without a lost-workday accident.

PMT operates more than 56 horizontal injection molding presses of 45-390 tons, primarily from Toshiba, Nissei and Milacron, and seven vertical insert molding machines of 40-150 tons, mostly from Engel, Autojector, Nissei and Battenfeld. Thirty-one presses are energy-saving all-electric machines, and the remaining units are hydraulic.

PMT uses insert molding for about 35 percent of its plastics processing and conventional molding for the remainder. Precision parts, largely for Tier 1 and Tier 2 automotive suppliers, include gears, bushings, lamp sockets, knobs and wire harness and fuse components.

Other end markets involve electrical and electronic components, medical devices and consumer appliances.

The CEO’s father, Charles E. Sholtis, founded the business in 1973 in Connecticut and retired last year.

From 2001-2004, the custom molder moved its operations in stages to El Paso from Seymour, Conn., to accommodate some key customers wanting PMT closer to their maquiladora assembly plants in Mexico.

In an earlier recognition, PMT received the Plastics News Excellence Award for customer relations. The award was presented in March 2013 during the newspaper’s Executive Forum.

Mountain View, Calif.-based privately owned Frost & Sullivan presented its transformation of manufacturing awards to PMT and, in the category for firms with annual sales exceeding $1 billion, Boeing Co. of Chicago, during a June 5 ceremony in Palm Beach, Fla.

Boeing’s recognition related to its ThreatNavigator system, which taps into global data feeds and can provide a real-time situational operating picture with visual analytics. The system protects Boeing’s supply chain and employees.

Frost & Sullivan named two manufacturing leaders of the year: Dean Bartles, executive director of the consortium Digital Manufacturing and Design Innovation Institute of Chicago for his advocacy of education, and Susan Lewis of Dow Chemical Co. of Midland, Mich., for her promotion of environmental health and safety.

Frost & Sullivan’s first-ever manufacturing leadership lifetime achievement award posthumously recognized Richard E. Dauch, co-founder and chairman of American Axle & Manufacturing Inc. of Detroit. Dauch died in August.


Comments

PMT named manufacturer of the year by consulting group Frost & Sullivan

By Roger Renstrom
Correspondent

Published: June 12, 2014 4:35 pm ET
Updated: June 12, 2014 11:18 pm ET

Post Your Comments


Back to story


More stories

Image

RPC Group buying Iceland's Promens

November 27, 2014 8:46 am ET

In a major acquisition that combines two rigid packaging companies with international footprints, RPC Group plc has signed a 399 million euro ($497...    More

Image

Large part molder EnviroTech in 'growth mode,' adds space, equipment

November 26, 2014 9:54 am ET

Salt Lake City-based EnviroTech Molded Products Inc. is adding new equipment and expanding its factory as it gains business in some of its...    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 billion 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