CHICAGO (July 17, 12:45 p.m. EDT) — Integration, expansion and a new facility in DeWitt, Iowa, could help GI Plastek Inc. increase business significantly during the next couple of years.
At NPE 2000, GI Plastek announced a massive plan to expand in the agricultural market, starting with a new, 70,000-square-foot plant in DeWitt, said Wayne Donohue, vice president and general manager for GI´s reaction injection molding business in Newburyport, Mass.
The plant will start with six injection presses with clamping forces of 390-5,500 tons, as well as a 600-ton press for reinforced reaction injection molding and two dicyclopentadiene RIM machines, he said.
"We´re trying to gravitate toward larger equipment" for agricultural products, Donohue said.
GI recently bought the land in Iowa and plans to begin construction in August. The plant could be expanded to 110,000 square feet within two years, he said.
"Obviously, it depends on our business," Donohue added.
The company announced plans a year ago to build a plant somewhere in Iowa, but the location and details about the size of the facility and the equipment previously were undisclosed.
Plans to add 40,000 square feet to the firm´s headquarters in Marysville, Ohio, are on hold, to see how well business is handled in Iowa. Some of Marysville´s business will be transferred to that facility, Donohue said.
"I don´t have any more room for growth there right now. We´re outsourcing some of the molding right now as well because we just don´t have the capacity," he said.
GI would like to bring most of that business back in house, Donohue said.
"Another order could put (the Marysville plant) back into the forefront again and put that expansion back on," he said.
Newburyport has been GI Plastek´s only RIM molding plant since its opening in 1985. That plant will add two presses — 950- and 1,450-ton models — by the end of the year, Donohue said. There currently are 12 RIM presses in operation at that facility.
The 40,000-square-foot plant in Wolfeboro, N.H., which has 9 injection presses, will receive a facelift this year with the replacement of two of its older machines — a 950-ton press and a 720-ton machine.
GI Plastek also has an 80,000-square-foot painting and warehousing facility in Marysville, and a manufacturing plant in Bellville, Ohio.