Hansen Plastics Corp. is enlarging its Elgin, Ill., plant to accommodate incoming business and more equipment.
In mid-July the firm will move into a 23,000-square-foot plant addition to its current, crowded, 29,000 square feet.
Operated under an employee stock ownership plan, Hansen invested about $1.5 million for equipment, including five Toyo presses and related Dri-Air dryers and Wittmann five-axis robots. The Toyos have clamping forces of 200-400 tons. Hansen now has 29 presses.
The custom injection molder will pay for construction costs through its lease. The landlord, former owner Elmer Hansen, invested about $1.6 million for the plant addition and $300,000 for a late-2001 enlargement of 9,000 square feet to a raw-material warehouse.
The projects have ``filled out the footprint'' of the firm's 2 acres, President David Watermann said. Managers anticipate doubling manufacturing with the addition, he said.
``We stayed busy through the slowdowns. Some companies consolidated business to us [and] not away from us,'' he said.
One customer, System Sensor of St. Charles, Ill., named Hansen its 2001 supplier of the year. Hansen supplies System Sensor with components for fire extinguishers and other safety products. System Sensor reduced its supplier base, transferred several tools to Hansen and receives daily just-in-time shipments from Hansen, said Cory Miller, senior buyer for new production with System Sensor, part of Honeywell International Inc.'s security and fire solutions unit.
Hansen employs 42 and had sales of $9.4 million for the fiscal year ended March 31. Major end markets are safety, automotive, consumer products and water treatment.