Injection molder Raleigh Precision Products Inc. is investing $2.5 million to build a new headquarters plant in Garner, N.C., that will double its current manufacturing space. Raleigh Precision has grown too big for its 5,000-square-foot plant in Wendell, N.C., according to Peter Smith, president and owner of the 12-year-old custom molder.
The Garner site, located in a brand-new, 172-acre business park, also will give the company better access to major highways, he said.
``We're kind of out in the country right now,'' Smith said. He noted that his company chose to remain in the Raleigh area mainly to keep its current work force intact.
``We've got a crew that has been with us for quite a while. We really don't want to upset that apple cart,'' Smith said.
Raleigh Precision has needed more room for a couple of years, and was looking to buy a plant rather than build one. But explosive growth in the Raleigh area has made standing buildings hard to come by, he said. The firm has not begun construction yet, but wants to be moved into the new plant by year's end.
At Wendell, Raleigh Precision operates 12 injection presses, mostly Sandrettos, with clamping forces of 44-300 tons, to make plastic products that include matchstick-sized lip gloss applicators, motor housings for hospital beds and pumps, computer mice and plastic eyes for Mickey Mouse hats.
Raleigh Precision also offers mold building, and employs 14.
Raleigh Precision's business, $1.3 million in 1995, is largely regional, he said.
Although already cramped at Wendell, the company may need to install as many as two more presses, even before the move, to accommodate business, said Smith.
The 10,500-square-foot Garner plant is expandable to twice that size.