Custom injection molder Hoosier Pride Plastics Inc. is doubling the size of its Fort Wayne, Ind., facility to keep up with expanding needs of two of its biggest customers.
The company is seeking $2.5 million in industrial revenue bonds to expand its building to 60,000 square feet and to add machinery.
``There is an indication that we need to increase production,'' Michael A. Hoeppner, president and chief executive officer, said in a telephone interview.
The customers are Peg Perego USA Inc. of Fort Wayne, which in June is coming out with a John Deere Gator children's two-seat utility vehicle.
The other customer is Safety 1st Inc., a maker of children's safety equipment with a plant in Greenwood, Ind.
The addition will include four shipping bays, allowing the company to separate its shipping and receiving areas. It also will enlarge assembly and storage capabilities.
The company will add two injection molding presses and robotic equipment to improve efficiency and create a better work flow.
Hoeppner said financing will take about 60 days, with construction starting soon after. Construction should be completed by the end of the year. The company has pledged to hire five employees within a year and 10-15 within five years. The 14-year-old firm now employs 25.
Hoeppner said the company's name reflects the love he and his wife Linda have for the community and the state of Indiana.
Hoosier Pride Plastics operates nine presses, with clamping forces of 125-1,500 tons. It serves the toy, infant, agricultural, automotive, commercial and industrial markets.