By this time next year, Plastek Industries Inc. will be an international company with a 150,000-square-foot plant in Mansfield, England.
``We wanted to become global and Europe figures prominently in becoming global,'' President and Chief Executive Officer Joseph Prischak said. ``And England offered us a decent package.''
The company received a Regional Selective Assistance grant of £1.6 million ($2.68 million) to build in the Crown Farm Industrial Park in Mansfield. In addition, the injection molding company will benefit from grants and assistance from the East Midlands Development Co. and North Notts TEC, according to a report in the Nottingham Evening Post.
Construction will begin later this month and the plant will be operational by mid-1999. Prischak declined to reveal the amount of the investment and number of injection presses to be installed.
However, the Nottingham Evening Post reported that the $21.4 million plant will create 200 jobs.
Plastek serves the automotive, electrical, computer, telecommunications, packaging, food-service, industrial, office product and aerospace industries. The Erie, Pa.-based firm molds high density polyethylene, polypropylene and thermoplastic polyester.
With estimated injection molding sales of $105 million, Plastek placed No. 49 in Plastics News' ranking of North American injection molders. It has three U.S. locations and employs 1,300.