Clarion Technologies Inc. plans to expand the injection molding operation it acquired earlier this year in Montpelier, Ohio.
The Schaumburg, Ill., firm will spend $9.3 million to build a 164,000-square-foot facility, more than five times the size of its current one, the former Triangle Plastics Inc. operation. Clarion will install a 5,000-ton injection press and three other presses with clamping forces of 2,200-3,500 tons in the new facility, located about a mile from its existing one. HPM Corp. is supplying the presses, which with auxiliary equipment, will cost $8.5 million, estimated Troy Wiseman, Clarion's chairman and CEO, in a telephone interview.
Clarion expects the new facility to be operating in the first quarter of 1999. About 80,000 square feet will be dedicated to molding and another 60,000 square feet will be for assembly, storage and shipping. Wiseman said it will focus on heavy truck parts and air conditioner components. The existing facility, with 12 presses up to 2,250 tons, will be dedicated to truck service parts for Navistar and Freightliner.
Timothy Kline, president and chief operating officer of subsidiary Clarion Plastics Technologies, claimed in a news release that its 5,000-ton press will be one of only a few among U.S. custom molders.
Clarion is a holding company with another subsidiary, Clarion Specialty, that makes and markets novelties and games. The unit opened a new plant in Bryan, Ohio, in May and will install a press there to injection mold game components. Clarion Plastics has been molding its parts.
Clarion Technologies was formed in October after current management led a buyout of Clarion House Inc. and spun off its pest control business. Clarion House was the firm that bought Triangle Plastics early this year. Clarion Technologies trades on the Nasdaq's Over the Counter Bulletin Board.