Carris Reels Inc. of Rutland, Vt., announced Aug. 27 that it is opening an injection molding plant in Monterrey, Mexico, next year to manufacture reels for the magnetic wire, building wire, telecommunications and welding wire industries.
``Carris has been active in the Mexican market since 1994,'' said Hank Appleton, Carris Reels' international sales account manager. He added that the Monterrey location can serve markets beyond Mexico.
``We are not limiting ourselves,'' he said Sept. 1 in a telephone interview from Rutland.
Potential export markets ``may include the United States, the United Kingdom, Europe and Latin America,'' Appleton said.
The company also will investigate new product lines, according to Appleton.
Carris Reels manufactures plywood, nailed-wood, plastic, hardboard, wood-metal, and metal reels for the wire and cable industry.
It has sold plastic products in Mexico through direct sales and in deals with two Mexican cable reel manufacturers, President William Harris said in a prepared statement.
Carris Reels plans to open the plant in the second quarter of 1999.
Appleton would not disclose details about the size or cost of the operation.
Carris Community of Cos. consists of several distinct operating segments with 15 facilities in eight states.
The oldest division, Carris Reels Inc., began producing plywood reels in 1951.
The Carris Plastics division reported $6.2 million in injection molding sales in 1996 — the most recent year available — and $600,000 in extrusion-related sales.
Carris Community reported its total 1996 sales were $88 million.