Injection molder and mold manufacturer 1st Tech Molding Inc. more than doubled its space in Austin, Texas, in February with the addition of 24,000 square feet of leased space.
The firm produces a range of molds and plastic products for the computer, electronics and sports industries, according to Gary Pankonien, chairman and chief executive officer.
In addition to production and assembly, the 3-year-old firm offers industrial design, engineering analysis, rapid prototyping and toolmaking.
``We have a pretty good set of customers,'' Pankonien said in a Jan. 6 telephone interview.
Computer manufacturers Dell and Compaq, for whom Pankonien previously worked in Houston, are among 1st Tech's customers. Other clients include Burton Golf Co. in Fort Walton Beach, Fla., and Austin-based Austin Innovations Inc.
Burton Golf produces locking golf bags for which 1st Tech manufactures a slide mechanism that secures clubs within the partitioned housing at the top of the bag to a holding device at the bag's bottom. Austin Innovations developed a line of small, flat-panel, electroluminescent night lights for the consumer market.
Pankonien, who with 1st Tech President Curt Stewart owns a majority of the company, said the firm employs 75 and operates 11 Van Dorn presses with clamping forces of 15-650 tons. He said the firm expects to add a 335-ton HPM machine during the first quarter of 1998 and achieve year-end sales of $10 million — more than doubling 1997's $4.5 million.