Technical Precision Plastics growing in US, Dominican Republic

By Frank Antosiewicz
Correspondent

Published: July 2, 2014 3:58 pm ET
Updated: July 2, 2014 4:10 pm ET

Image By: Technical Precision Plastics Inc. Jim Piermarini says Technical Precision Plastics will add clean room space in North Carolina, manufacturing space in the Dominican Republic.

Related to this story

Topics Medical, Injection Molding, United States, Latin America, Multishot

Technical Precision Plastics Inc. is boosting its capacity, adding 8,000 square feet of Class 8 clean room molding space in Mebane, N.C., and nearly doubling the size of its facility in the Dominican Republic.

President Jim Piermarini and business development manager Jim Corrado detailed the company’s expansion plans recently during a teleconference with Plastics News.

“We’ve got a great team — they are really dedicated and very professional. There’s a lot of longevity and very low turnover,” said Jim Piermarini, detailing the reason for the company’s success over the past 30 years.

Technical Precision Plastics was founded in 1984, according to Piermarini, by four people with injection molding experience who leased 10,000 square feet of space. They used a Small Business Association loan plus an equipment loan from Milacron to get started.

The company now operates 38 molding machines at two locations in Mebane, as well as eight presses in its Haina, Dominican Republic facility.

Piermarini said a large part of the company’s business is in the medical field and that they are enlarging one of its two Class 8 clean rooms to offer more capacity. They also have a Class 7 clean room for assembly work.  The company is looking to add three more all-electric machines.

Image By: Technical Precision Plastics Inc. Technical Precision Plastics Inc. has both two-shot and three-shot injection molding.

He and Corrado said strong customer service and expertise in two- and three-shot molding has fueled the increase in business.

As an example, he cited a situation where the company worked with medical start-up to redesign a product for easier manufacturing. He said that after prototyping and testing, they ended up replacing a thermoset rubber with a thermoplastic elastomer. They also designed a multi-shot component that eliminated the parting line of the TPE sealing surface. Piermarini said the return on investment of over $1 million in tooling and assembly equipment was achieved in less than a year.

He said that the Dominican facility opened five years ago to handle business for the island and that they are finding markets opening elsewhere in the Caribbean.

The Dominican expansion is underway with the size of the building going from 10,000 to 20,000 square feet. It is scheduled to be completed in the next 60 days.  The company is adding two Milacron Roboshot presses — 165 and 330 tons — and is expanding its tool shop.

Piermarini also noted that community involvement is important to the company. In North Carolina, it will be sponsoring its 15th consecutive golf tournament, which raises more than $15,000 annually for various charities.


Comments

Technical Precision Plastics growing in US, Dominican Republic

By Frank Antosiewicz
Correspondent

Published: July 2, 2014 3:58 pm ET
Updated: July 2, 2014 4:10 pm ET

Post Your Comments


Back to story


More stories

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

German molder picks North Carolina for US manufacturing plant

February 26, 2015 4:21 pm ET

German medical goods company Raumedic AG has chosen Mills River, N.C., for its first U.S. manufacturing site and U.S. headquarters.    More

Image

Medical compounder adding two extrusion lines

February 25, 2015 3:49 pm ET

Compounding Solutions LLC plans to add two new co-rotating twin-screw extruders this year to raise its capacity and provide more flexibility.    More

Image

New press at Diamond Line a North American first

February 24, 2015 5:39 pm ET

L.K. Systems Inc. has delivered its first eXcel-brand injection molding machine to a North American customer.    More

Image

Technology helped Cosmetic Specialties solve tool room problems

February 24, 2015 1:10 pm ET

LAKE LAS VEGAS, NEV. — A private equity guy now loves running an injection molding factory.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events