Carrie Plastics Industries Inc. is settling into a 150,000-square-foot plant in Warren, Ohio, that gives the molder plenty of room to grow. Its former, 37,000-square-foot facility in nearby Niles was a tight fit for the firm, according to its president, Milan Campbell.
Carrie's seven injection molding machines have been running at the new, leased site since May 17, Campbell said. He said the move will cost the company about $300,000.
``We were in a very limited space and no chance to expand,'' he said.
The 7-year-old firm molds what Campbell refers to as ``door lights'' for the home building industry - high-impact polystyrene frames that hold glass panels in doors; and polyethylene storage crates. That business kept the company busy in its old plant, he said.
At the new plant, its seven presses, with clamping forces of 450-1,000 tons, use only about 20,000 square feet, he said, leaving more than enough space for offices, a warehouse and, eventually, more manufacturing.
The state has approved a low-interest loan of $200,000 for another press, which Carrie plans to buy within six months. The size of that machine is contingent on what new business comes its way. But when it arrives, Carrie will need to add five workers, with as many as 10 more to follow in the next couple of years as business picks up, he said. It employs 35.
Another low-interest loan for $45,000, through the city, will help pay for equipment already installed, including a new cooling tower and silos. Warren also is granting the company a 10-year, 75 percent tax abatement on personal property.
Last year's sales were about $3.7 million, Campbell said. This year he expects sales to reach about $4.1 million.
``We have to go out and attract new business to pay for the move, to pay for the bigger building,'' he said.
Now that the company can take on more business, it needs to ``put the word out,'' he said.
``I'll have to pursue the leads that I have and start beating on doors, I guess,'' said Campbell, who is one of several investors in the company.