SOUTHINGTON, CONN. — Custom injection molder Plastic Molding Technology Inc. of Seymour, Conn., is celebrating its 25th anniversary by expanding its operations in Slovakia.
Plastic Molding Technology Slovakia s.r.o. has entered a joint venture with Slovakian mold and die firm Esox to launch an injection molding firm, Eso Plast s.r.o.
With the deal, PMT will maintain two sites in Slovakia, including a design and technology center in Bratislava and a newly renovated, 10,000-square-foot facility in the town of Liptovsky-Hradoc.
The renovated building will have six Battenfeld injection and insert molding machines by the end of the year.
``We really needed a presence in Europe to serve some of our customers in Germany and Holland,'' Charles A. Sholtis, president of the Seymour firm, said Oct. 29 at Plasti/Conn 98 in Southington.
PMT Slovakia will handle design and mold building, and Eso Plast will be responsible for the injection molding business. PMT Slovakia is a mold-design, mold-making and engineering joint venture that Plastic Molding Technology Inc. and Esox started up in 1991 under the name Danube Mold & Die s.r.o. This year the venture changed its name to PMT Slovakia.
Together PMT Slovakia and Eso Plast employ about 50, including 10 in the molding facility.
Sholtis' brother Todd M. Sholtis is living in Slovakia and is sharing the responsibility of running the new Eso Plast operation as co-managing director with Tibor Tekel.
``We will be doubling our people [in Slovakia] by the year 2000,'' said Charles A. Sholtis. ``We will have a full turnkey mold-design and mold-building business, and we will export work out of Slovakia.''
Sholtis sees expanding opportunities in the region. PMT Slovakia exports some products back to the United States, he said.
His father and PMT chief executive officer, Charles E. Sholtis, started up the small Slovakian custom mold-making operation in 1991, after a visit to the region.
``Customers are calling and I think growth in that area will be greater than in the U.S., because all the multinational [customers] are looking for better deals,'' said Charles A. Sholtis.
Plastic Molding Technology Inc. has annual sales of $7 million, he said, and has been growing about 10 percent a year during the past three years. It has 80 employees working in a 26,000-square-foot facility in Seymour.
The company serves the electronic, medical, automotive, business machine and consumer appliance markets.
``Small presses and small parts — we range from 22 tons to 110 tons and that's our niche,'' Sholtis said.
PMT is ISO 9002-certified in the United States and currently is working toward certification in Slovakia.