Injection molder River City Plastic Inc. is consolidating its operations in a new, 60,000-square-foot facility that will be in full operation by the end of June.
The $4.5 million expansion project will replace two warehousing locations in Mendon and Schoolcraft, Mich., and the Three Rivers, Mich., headquarters office, said President Bret Lewis.
The Michigan Economic Development Corp. awarded a $3.5 million tax-exempt bond to help finance the project, Lewis said in a March 14 telephone interview.
The new facility, in Park Township near Three Rivers, will start with 24 injection molding presses with clamping forces of 35-700 tons, he said, but "we can more than double that."
The company reported $5 million in sales for 1997. Lewis would not disclose current sales, only saying, "We're quite a bit above that right now."
The company has enjoyed greater than 30 percent annualized growth during the past five years, he said, and officials hope to continue at that rate of increase.
With the investment, River City will continue to serve the automotive market, but the firm also is starting to grow in medical and office furniture, Lewis said. The company also serves the electrical, appliance and plumbing markets.
The company will continue operations at its Vicksburg, Mich., large-press facility, which operates five machines with clamping forces of 700 tons and greater, Lewis said.