LOS ANGELES (April 16, 1:10 p.m. EDT) — Custom injection molder Multi-Plastics of New Mexico Inc. has extended its lease in Las Cruces, N.M., and is considering its future plans.
Multi-Plastics Inc. of Saegertown, Pa., established the division in 1998 to shorten the distance to customers doing business in Mexico, particularly in Hermosillo and Ciudad Juárez. The division employs 14, operates 10 presses of 28-150 tons and has broadened its clientele.
"We extended the lease for two years while we determine what we want for our permanent operation," Bryn Davis, division general manager, said in an interview at the Mesilla Valley Economic Development Alliance booth at Plastics Encounter/Los Angeles, held April 10-12. "We received a lot of encouragement to bring our level of molding and expertise to the border area."
Multi-Plastics of New Mexico focuses on automotive and electronic parts and is venturing into medical work: "Medical tends to be more stable in a tumultuous market," Davis said.
Molding, tooling and metrology operations in Pennsylvania have annual sales exceeding $16 million, and the fast-growing New Mexico division adds another $1 million now.
"That (figure) is growing as we speak," said sales manager Peter Kraus.
Currently, six other firms, including plastics processors, are evaluating the Mesilla Valley for relocation, said Capri Chapman, the alliance´s marketing director. Several industrial areas are located in the 45-mile corridor from Las Cruces to Ciudad Juárez.
Relocation incentives include tax breaks, available labor, utilities and a university-town quality of life, she said.