Increased customer demand is spurring Compass Plastics & Technology Inc. to enlarge its 9-month-old Tijuana, Mexico, operation and install a coordinate- measuring machine in its MOS subsidiary in San Jose, Calif.
Gardena, Calif.-based CPTI is diversifying its customer base and investing in facilities, hardware and software, Michael Frink, senior vice president of sales and marketing, said by telephone. Gardena and Tijuana make mostly television housings and computer monitors.
The Tijuana plant opened in October with 90,000 square feet. Another 60,000 square feet will be added by November.
The maquiladora AB Plastics de Mexico employs 230 and operates 14 Toshiba and two Cincinnati Milacron injection molding machines with clamping forces of 60-1,450 tons.
When complete, the facility will have 38 molding machines, most with 300-1,800 tons of clamping force and all equipped with Mattec Corp.'s ProHelp Millennium shop-floor monitoring system. The plant will have eight paint booths and auxiliary equipment to apply waterborne and solvent-based paints and four flexible decoration and assembly lines.
``The expansion is in response to increased [consumer electronics] demand from Sony, Hitachi and Casio as well as new customer programs from monitor plants opened recently in Tijuana and Mexicali,'' Frink said.
The new monitor work is from Samsung, Acer and ADI. Also, CPTI is molding parts for McCain Traffic Supply, cordless telephone maker Panasonic AKME, medical-device developer Pyxis Corp. and snowboard binding producer Switch Manufacturing.
At MOS, General Scanning Inc. has installed a Voyager 1800 coordinate measuring machine to expedite part inspection for Hewlett-Packard Co. and Johnson & Johnson. MOS employs 148 and focuses on tooling and molding of tight-tolerance, thin-wall, two-color parts. CPTI acquired MOS in February.
CPTI's AB Gardena unit completed an 80,000-square-foot warehouse in June, allowing it to consolidate several storage sites. The plant employs 217 and operates 22 presses with 90-1,800 tons of clamping force.
CPTI reported a loss of $264,000 on sales of $23.9 million for the six months ended April 26.
On June 19, New York-based Private Equity Partners LP, of which CPTI Chairman Geoffrey J.F. Gorman is managing partner, purchased 200,000 shares of CPTI, increasing its holdings to 679,914 shares, or 13.9 percent of the shares outstanding.
CPTI stock began trading Sept. 4 on the Nasdaq market following an initial public offering.