N.E.O. Plastics Inc. of Austinburg, Ohio, said that by July it should be operating a second rotational molding machine and, in early fall, it will start constructing a substantial plant addition.
``We have been fortunate and landed accounts,'' particularly for automotive shipping containers and marine applications such as kayaks and sailboats, President Jeffrey Dunne said in a telephone interview. The additional business advanced N.E.O.'s expansion program and should result in 1998 sales of $2 million. N.E.O. had 1997 sales of about $900,000.
The company is taking delivery this month of a Ferry 330 three-arm rotomolder with a 131-inch diagonal swing.
``We will put smaller products on the new machine and create room on the bigger machine for projects in the tooling phase,'' Dunne said.
N.E.O.'s existing rotomolder is a Ferry 440. The firm mostly uses linear low density polyethylene and cross-linked PE.
N.E.O. opened in January 1997 with a 25,000-square-foot facility. The firm now plans, two years ahead of schedule, to add 20,000 square feet, principally for secondary operations such as packaging, trimming, drilling and assembly. Long term, the 5-acre site can handle facilities with a total of about 100,000 square feet.
Separately, an outside mezzanine is being enclosed to create a 1,044-square-foot, 20-desk classroom for training new employees. N.E.O. employs 24 and expects by year's end to add six more.
Dunne and his father-in-law, Joe Licate, co-own N.E.O. Until starting N.E.O., Dunne was in sales for three years with Saddle Brook, N.J.-based Meese Orbitron Dunne Co., which had acquired a plastics business in 1992 from his father Jim Dunne and uncle Bob Dunne.