Custom injection molder Formula Plastics Inc. has invested more than $2 million on injection presses, dryers and controllers to modernize its Tecate, Mexico, operations.
The acquisition and replacement program brought the average age of the injection presses to five years from more than 10 years, Alex Mora, president, said in a telephone interview.
Ontario, Calif.-based Formula runs most production through Tecate operations at the maquiladora Polimeros Formula de Tecate SA de CV and the Mexican national company Moldeo de Pl sticos. Together, the operations employ 200 for molding and 170 for assembly. They occupy 90,000 square feet in three buildings.
Mora began operations in Tecate in 1988 with seven machines. Now, Polimeros has 25 presses, and Moldeo, 12.
The equipment includes 18 new machines, including 12 that arrived in January. In the past two years, Mora has purchased nine Cincinnati Milacron machines, six Van Dorns, two Battenfelds and one Arburg. Clamping forces range from 170-550 tons. With the newer equipment, ``we will save on electricity and have more efficiency,'' Mora said.
Also, the investment covered the cost of 12 Thoresen McCosh dryers and six Advantage temperature controllers.
The Tecate operations mold parts for power tools, medical respirator bags, filter housing parts, toys and pump housings, impellers and motor mounts for pools and spas.
In Ontario, Formula employs 50, operates 12 molding machines and provides sales, logistical, purchasing and mold acquisition services for the Tecate plants.
Mora said 1997 companywide sales were $13.6 million, up from the previous year's sales of $11.3 million.