Success is forcing injection molder J.A.M. Plastics Inc. of Leominster, Mass., to move to a new, 20,000-square-foot plant.
Joseph D. Mazzaferro Sr. started the business as a one-man operation in 1973. It has grown into a company of 19 employees, including his sons, Joseph Jr., vice president of operations; and Matt, vice president of engineering.
``They have really made it necessary for us to expand,'' he said of his sons. ``They've created a situation where we can handle more work.''
The firm spent $800,000 on 3 acres of land and a new building. The site should be in 24-hour operation by Oct. 15, said the president and chief executive officer.
The new, one-story building — more than twice the size of the old one — has 16-foot ceilings to accommodate larger injection presses. The firm now has 22- to 180-ton models. One, possibly two, 350-ton machines are in the plans. Mazzaferro said he expects to spend $250,000 on new machinery.
The company also will do more secondary work, such as packing, imprinting and assembling.
J.A.M. will have nearly $2 million in sales this year. Mazzaferro expects growth of about 10 percent a year during the next five years.
Most of the sales are in hangers for such items as socks, gloves, hosiery and ties. It also sells to the cabinet, eyeglass, medical and advertising industries. The advertising products include nameplates and refrigerator badges.
In exchange for creating 17 full-time jobs in the next eight years, J.A.M. will receive a 5 percent tax credit on new machinery from the city, and will save $30,000 in property taxes on the next building during the next five years.