Precision Custom Products Inc. is putting the finishing touches on a two-year expansion program that increased molding and toolmaking capacity.
Precision President Greg Best said his firm's final step in the program is to add new electric discharge and milling machinery at its De Graff, Ohio, facility at a cost of about $150,000.
Best expects his firm will install the new tool-building machinery by July.
He said Precision already invested about $1.5 million in expansion at De Graff to position the company for future growth. In the past two years Precision boosted its injection press count to 15 machines, most of which are new Sumitomo presses, and expanded its toolroom.
Last year it expanded floor space by 12,000 square feet to 40,000 square feet and improved molding efficiency by organizing all the presses and auxiliary equipment in one area. Other efficiency moves included adding a central chiller and equipment upgrades.
The company focuses on small precision parts made of engineering materials, such as glass-filled nylon and polyester, polyphenylene sulfide, liquid crystal polymers and urethanes. Best said Precision's major markets are electronics, industrial pumps and appliances. Its presses have clamping forces of 22-300 tons.
The toolroom makes some customers' molds and engineering changes and does all Precision's tool repair and maintenance.
Best said recent investments also improved the appearance of the facility and its working areas, making them ``more presentable'' for customer visits.
He said Precision has enough molding capacity for short-range growth plans. Its sales grew about 10 percent last year to about $4.5 million. Jim Kerg, Precision chairman and chief executive officer, is the majority owner of the 22-year-old, 60-employee private firm.