A $6 million custom injection molding facility in Monterrey, Mexico, is the latest addition to the SPM/Dynacast family. The 60,000-square-foot plant, scheduled to open this year, is SPM Inc.'s 14th production facility in North America and will be called SPM/Monterrey. The plant is the first project jointly planned and executed by SPM since it was purchased by Dynacast Inc. in March.
SPM will relocate five machines to Monterrey from other plants. It also has purchased 14 Van Dorn Demag HT Series presses with clamping forces of 85-230 tons. Each press is equipped with the Pathfinder 2500 control system. Initially, SPM/Monterrey will employ 75 and offer mold maintenance and repair. The firm will build new molds in the United States.
SPM chose the Monterrey site to provide injection molding, tooling and assembly services for a nearby Northern Telecom plant. The company plans to expand the plant to 120,000 square feet asgrowth dictates.
Chuck Finkbiner, senior vice president of business development, said SPM in the next three years plans to place facilities in India, Malaysia, Western Europe and the British Isles.
Larry Noggle, SPM executive vice president, said the company is buying 33 Van Dorns this year. It has 350 presses, employs 1,550 and was 15th in Plastics News' 1995 ranking of North American injection molders, with sales of $177.5 million.
