Parkway Plastics Inc. plans to open a new warehouse and has been replacing equipment to assist with growth in stock jar products.
The injection molder, based in Piscataway, N.J., expects to invest more than $3 million to open a new warehouse by the end of summer for its inventory of standard jars and closures, Gary Minor, senior vice president, said at EastPack 2002, held June 4-6 in New York.
The company has used several outside warehouses but decided to use space on its 5-acre site to open its environmentally controlled warehouse facility. The new site will help Parkway better control inventory and ship products, Minor said.
The 3,500-square-foot warehouse is part of a plan to update operations at the 51-year-old company, Minor said. With business remaining strong in certain consumer-product lines, the company is buying new equipment and adding automation, Minor said.
``We decided to make some major changes in equipment this year to keep up with growth,'' Minor said. ``We've added quite a bit to our operations to help make us more efficient.''
The firm replaced four of its 14 injection presses and added robots. The company also has added space to its laboratory and expanded its telemarketing force, he said.
The market for molded jars continues to grow, even in tight economic times, Minor said. The company, a maker of regular- and thicker-walled jars, has found an emerging market in hair products, including jars for hair gels and mousse, Minor said.
Parkway also makes its own tools and is refurbishing molds for customers, Minor said.
The firm was founded by Plastics Hall of Fame member Edward Rowan Sr. His son, Edward Rowan Jr., has been Parkway president since 1980.