Intec Group Inc.'s new $6 million injection molding plant in Morocco, Ind., is now operational, and the firm is preparing to start production at a new joint venture in Singapore. The Morocco plant is 63,000 square feet on a 20-acre plot, a half mile from the old 45,000-square-foot facility.
Intec broke ground for the plant in November 1994 and it was completely operational by December 1995. Intec invested $4 million in the building and $2 million in machines. The plant's 40 insert molding machines process engineering thermoplastics, with more presses to be added in the near future. Production is devoted to the auto industry, said Steven Perlman, president.
``We supply such parts as connectors and housings to the major auto makers in the [United States] - GM, Ford, Chrysler, Honda,'' he said.
Despite being wooed by several counties in Indiana, Intec decided to stay in Newton County.
``We decided to stay committed to the area,'' Perlman said. ``The work force in the area is great. Our philosophies and principles are such that we wanted to give to the area.''
All 225 employees from the old building have moved to the new one with an additional 75 to be hired. Perlman said the current sales at the Morocco plant are $22 million. The three-year plan is to be at $30 million.
Intec also has a plant in Palatine, Ill., that houses the corporate offices as well as making products for the automotive, elctrical and computer industries. The company's total sales last year were $40 million.
In addition, Intec has entered a joint venture with Unitech Hold-ings in Singapore. Intec Manufac-turing (Asia) PET Ltd. will start production this month.
``Two years ago we started exploring Southeast Asia as part of our long-term strategy,'' Perlman said. ``We knew we had to become global to grow. We also wanted to bring the insert molding technology into the region.''
Intec chose Singapore because of its proximity to the facilities of two of its largest customers - GM and Motorola. Perlman also added that Singapore is a steppingstone to building a plant in China. In February, four natives of Singapore came to the Intec plant for training. When production begins, 10 people, all Singapore natives, will run the six-press plant. Intec's projected sales for the venture are $2.25 million.