ANAHEIM, CALIF. — Plastikon Industries Inc. is investing nearly $7 million for land and construction of a 90,000-square-foot building in Hayward, Calif.
Work began in December, and Plastikon expects completion in July. Husky Injection Molding Systems Ltd.'s systems group designed the customized facility, now taking shape about one block from Plastikon's existing operations.
Over time, equipping the facility will cost $3 million to $5 million, said F. Fred Soofer, president and chief executive officer. Plastikon may add 30 injection molding presses, including 2,700- and 1,800-ton units, and will expand secondary operations in its foray into contract manufacturing.
"We do from concept to finished product" and ship globally, Soofer said in an interview at Medical Design & Manufacturing West 2001, held Jan. 8-10 in Anaheim.
The new facility will have a technical center with engineering, tooling and tool design capabilities and will become the production site for automotive and electronic components.
Plastikon will expand its clean room medical business in the existing 35,000-square-foot building, which now has 36 machines of 50-1,200 tons.
The company will pursue medical and diagnostic business, including surgical and in vivo parts, he said. A new medical project is entering the pilot stage after extensive development work with a customer.
On an interim basis, Plastikon has rented an adjacent, 35,000-square-foot space.
"We will keep 10,000 square feet because we have part of our maintenance of tools in there now," he said.
Soofer said Plastikon's automotive-related business has maxed out with its main customer, New United Motor Manufacturing Inc. The company, known as Nummi, is a Fremont, Calif., joint venture of Toyota Motor Corp. and General Motors Corp.
Soofer said Plastikon had 2000 sales approaching $21 million. He forecasts sales of more than $22 million this year.