Contract injection molder Plastic Molding Technology Inc. has received a 2015 export achievement certificate from the U.S. Department of Commerce’s commercial service section.
U.S. Rep. Beto O’Rourke presented the award in a Jan. 29 ceremony at PMT’s facility. O’Rourke, a Democrat, represents the 16th congressional district of Texas in which PMT’s El Paso plant is located.
O’Rourke said the certificate acknowledges “the work and pioneering innovation that is taking place” at PMT. He suggested that the PMT team can serve as a model for high-skill, in-country employment and underscored the value of domestic manufacturing of goods.
Most of PMT’s customers require shipment of finished parts from facilities in the U.S. to assembly sites worldwide. More than 85 percent of PMT’s finished products with an annual value exceeding $8 million are exported to an international client base. That includes Mexico, with its numerous maquiladoras, as a primary market.
Charles A. Sholtis, PMT owner and CEO, said the award backs up the firm’s success in making quality components that are delivered and used worldwide.
Robert Queen nominated PMT for the award. He directs the U.S. International Trade Administration’s El Paso export assistance center for New Mexico and western Texas. The center is part of the U.S. commercial service.
PMT was founded in 1973, employs 92, occupies 60,000 square feet, operates 56 injection molding machines ranging in size from 40-500 tons and had 2015 sales of $15.5 million.