Security Plastics Inc. plans to open an injection molding plant in Chihuahua, Mexico, by the third quarter of this year.
The Miami Lakes, Fla.-based custom molder is scheduled to break ground this month on the 20,000-square-foot plant. The company is looking at other locations such as the Orient and Europe for possible plants.
Security Plastics de Mexico will have six injection molding machines when it opens at the 6-acre site. Two to three expansion phases during two years will boost the plant to 60,000 square feet, 300 employees and 20 injection presses. It also will do secondary operations including welding, printing and assembly.
Officials would not reveal the cost of the plant—Security's fourth.
The firm chose Chihuahua to be close to customers in the Chihuahua; El Paso, Texas; and Juarez, Mexico area, and because of the good engineering community, said Norman Cohan, Security's president and owner.
Security has established automotive customers on the U.S.-Mexico border, and plans to keep growing in that area, and in electronics and telecommunications.
Like its other plants, Security's Mexican plant will apply for QS 9000 and ISO 9002 certification. The plant will work with local schools and universities providing training and exposure to automated equipment.
Security has a similar agreement with schools near its Rio Grande, Puerto Rico, and McAllen, Texas, plants.
``We plan to double our sales volume over the next four to five years,'' Cohan added. ``This is just one step in becoming a global supplier, which is critical for our customers.''
Security uses a custom molding system called Hetero-Cavity, as well as conventional injection molding.
The company recently spun off Reliance Precision Mold Inc., an independent toolmaking subsidiary in St. Petersburg, Fla.
Security Plastics reported sales of $71 million last year and has 550 employees and 142 presses.