Capitalizing on steady growth and solid markets, a Solon, Ohio, injection molder will move to larger quarters and will hire more workers.
North Star Plastics Inc., a 3-year-old company that makes household and industrial goods, will relocate next spring to a new, 39,000-square-foot plant in nearby Glenwillow from its 17,000-square-foot home in Solon.
``We have grown very fast,'' said President Michael Lerner. ``We started out with my wife and I and one machine, and now we have 11 machines and 55 workers.''
Lerner, a former Cincinnati Milacron employee, uses all Milacron presses. The firm plans to buy two more soon, Lerner said.
The Cuyahoga County Board of Commissioners last week authorized $3.1 million in county industrial revenue bonds to finance the expansion and the purchase of more machinery. The new plant will be built on 5 acres and will include 3,200 square feet of office space. North Star is responsible for repaying the bonds.
The company budgeted $2 million for the facility and $1.5 million for new machinery.
Lerner said the firm will add 10 injection molding machines by the time the new plant is ready for production. He also estimates North Star will hire 10-12 workers a year during the next five years.
``We have been very lucky to have found some very good business partners and to have had very good markets,'' he said. ``We hope that continues, and we are working to add new products to our line.''
Lerner said he hopes to break ground for the new plant by mid-November. He said it should be up and running by April.
North Star Plastics molds bathroom accessories, such as soap holders and shampoo racks, industrial soap dispensers, floral bouquet stands, vases and other household items. The company also recently landed a contract to make poker chips for the gambling industry.
The firm had about $3.5 million in sales in 1996. Lerner declined to estimate sales for this year.