Wisconsin mold maker doubling facility size

By Kerri Jansen
Staff Reporter

Published: July 16, 2014 2:05 pm ET
Updated: July 16, 2014 2:46 pm ET

Image By: Innovation Mold & Design Inc. Innovation Mold & Design Inc. will add 14,444 square feet of manufacturing at its plant in Wisconsin.

Related to this story

Topics Medical, Injection molds, Molds/Tooling

A Germantown, Wis. toolmaker is planning to more than double the size of its facility.

Innovation Mold & Design Inc., which currently occupies a 12,465-square-foot plant in the Germantown Industrial Park, plans to add an additional 14,444 square feet of manufacturing space and 2,500 square feet of office space. Innovation manufactures molds for automotive, consumer products and other industries.

“We’re kind of busting at the seams as far as manufacturing space goes,” Innovation president Alex Hermann told Plastics News. “There’s more specialty machines that we’d like to bring in-house, and we just don’t have the square footage for it. Even adding workforce, it’s kind of tight out there for space.”

The company doubled its sales from 2012 to 2013, Hermann said, and increased its staff from 9 to 20. The expansion will allow the company to serve its current customers better by increasing efficiency and improving timelines, while also allowing for more rush jobs and larger projects, Hermann said.

“With the capacity of the specialty machines that we want to bring in, it’s going to allow us to do a larger envelope of work as well, different types,” he said.

The expansion will also accommodate more business for the medical molding industry, an area in which the company is growing.

“We invest in technology here,” Hermann said. “A lot of stuff in medical industry has to be very high-tolerance tooling, and we’re accustomed to that.”

The company plans to add around 15 more jobs over the next five years as well.

Germantown’s Village Board approved the planned expansion July 14. Hermann said the company hopes to break ground on the expansion in September, with an estimated 7 to 8 months of construction time to follow.


Comments

Wisconsin mold maker doubling facility size

By Kerri Jansen
Staff Reporter

Published: July 16, 2014 2:05 pm ET
Updated: July 16, 2014 2:46 pm ET

Post Your Comments


Back to story


More stories

Spain's ITC Packaging acquires Coveris rigids plant

July 31, 2014 9:59 am ET

International packaging group Coveris Holdings has sold its Spanish business Coveris Rigid Spain, including an injection molding plant, to the...    More

Image

Tessy investing $10 million in new plant, infrastructure

July 30, 2014 4:57 pm ET

Tessy Plastics Corp. continues to buy factory buildings in upstate New York — acquiring a 112,000-square-foot former Honeywell building in...    More

Image

Packaging film shows promise as a low-cost alternative for medical tests

July 28, 2014 9:37 am ET

A new cheap way to run tests on medical and environmental samples has been developed using the plastic packaging staple — the air filled...    More

Image

Two medical device makers add specialty products through acquisitions

July 28, 2014 3:02 pm ET

The medical merger mania continues this summer as two more medical device manufacturers are swallowed up by bigger competitors.    More

Image

Deal combines US packaging thermoformers

July 28, 2014 12:42 pm ET

Thermoformed medical packager Nelipak Corp. is expanding its North American holdings and access to the U.S. health care market with the purchase of Ph...    More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events