Precision Plastics is investing $3 million in a new injection molding plant. The firm, which also has an injection molding plant in Crawfordsville, Ind., will open the Columbia City, Ind., plant in September. Up to 40 new jobs will be created in the 75,000-square-foot facility. It also will have 21 injection presses with room for 25.
``We needed additional space for growth and we want to make this facility more efficient,'' said Gary Arnold, vice president of marketing and sales. ``It will consolidate our mold making as well so we'll be under one roof. It lends itself as a more-efficient layout and work flow.''
Precision Plastics has 189 employees in its Columbia City mold-making facility and corporate headquarters.
The company's 45 injection molding presses have clamping forces of 50-1,000 tons and process nylon, polycarbonate, ABS, polypropylene, polyethylene and styrene as well as other engineering blends.
``This is the first step in our growth plan, with the new facility. After the plant is complete, we'll look to acquire or build other plants throughout the United States,'' Arnold said.
Precision Plastics offers secondary services such as painting, decorating, printing, hot stamping, insert molding, silk screening, sonic welding and insert and assembly at its Crawfordsville plant. The 180,000-square-foot plant employs 180 and has 24 injection presses.
Precision Plastics serves the automotive, consumer electronics, telecommunications, medical/diagnostic equipment, industrial and agriculture markets.