ROSEMONT, ILL. - Paragon Tech-nologies Inc. in Warren, Mich., on July 12 formally will open a 25,000-square-foot expansion to its Paragon Plastic Machine Remanufacturing Inc. division. ``It's an addition to our existing [85,000-square-foot] building,'' President Dennis Connors said June 11 at Plastics Fair Chicago in Rosemont.
The remanufacturing division strips down injection molding machines and restores them from the frame up, according to Connors.
The plant can accommodate 16 presses at a time and 30-35 people will be employed there, according to David Sinclair, marketing manager.
In addition, engineering consultants will be transferred to the new building. Many of the engineers designed and fabricated separate subsystems within the facility.
The $1.5 million project - constructed without state or local incentives, according to Connors - provides space to work on the machines and move them around. The addition includes a cleaning and painting booth big enough to accommodate injection presses as large as 2,500 tons, and an in-house railroad to facilitate moving the remanufacturing projects from area to area.
Injection molding firms send their presses to Paragon Plastic Machine Remanufacturing for re-furbishment.
Paragon strips down the assembly and remanufactures more than 20,000 separate industrial controls, covering 600 brands of electronic and 75 brands of hydraulic components.
Paragon Technologies sells, services and retrofits compoonents for electronic and hydraulic machines.
The company, with 100 employees, reported 1995 sales of $10 million.
Connors projects 1996 sales of $12 million to $15 million for the 8-year-old company.