DALLAS — There's a new player in the plastic pallet business that boasts 350 potential customers who may lease its 40-inch-by-48 inch pallets.
Dallas-based Plastic Pallet Production Inc. fired up its four injection molding machines June 28 to make components for the pallets, said Michael John, chairman and chief executive officer. The 20-employee plant soon will begin 24-hour production, he added.
The company has 350 firms waiting to test the product. The pallets will be leased to customers for $3.75 per trip.
John established the company under its parent name, PalWeb Corp., more than three years ago. Since then, Plastic Pallet Production has designed and built its own injection molding machines and obtained patents for them and the pallets, he said.
Each machine can make 10,000 pallets a month. John said he hopes to increase that capacity to 200,000 a month by the end of the year.
John said he plans to expand by building four plants in various parts of the country. PPP is the principal subsidiary of Cabec Energy Corp., a publicly held, Dallas-based company.