Plastics Design & Manufacturing Inc. will spend $3 million to build a headquarters plant next year in Englewood, Colo. The firm is selling two buildings in Denver that house both its thermoforming and profile and tubing extrusion operations, said Keith Giacchino, vice president. When the new, 110,000-square-foot facility in Englewood is finished in fall 1997, PDM will gain nearly 70,000 square feet.
Of the firm's $5 million in sales last year, $4.5 million were in thermoformed products, mainly high-end, close-tolerance pressure formed housings for computers, medical, telecommunications, and aviation equipment. It operates 10 thermoformers and offers such finishing processes as painting, silk-screening and electromagnetic interference shielding.
Four years ago PDM bought its first extruder and began making components, such as edge moldings, for its thermoformed assemblies. Since then, the company has added three more extruders for custom work, which now makes up 90 percent of its $500,000 in extrusion sales. One of its main products is recycled high density polyethylene fencing, Giacchino said.
He said PDM initially expects to rent out 30,000 square feet of the new facility, which can be expanded to 150,000 square feet and can accommodate clean rooms, if needed. Groundbreaking is scheduled for spring.
For now the company has no plans to add equipment, he said. Family-owned PDM employs about 50. Keith's father, Jon Giacchino, is president.