Longtime toolmaker Tech Mold Inc. is making a significant thrust to expand its injection molding operations by adding equipment and space.
The Tempe-based firm will install six new injection presses in 2003 to its molding facility, said Michael Moran, president of Tech Mold Manufacturing. The company, a subsidiary of Tech Mold, now has 20 presses on its site. The new presses will range in size from 100-250 tons, he said.
The company also plans to add adjacent space to its 23,000-square-foot operation, Moran said in a Jan. 29 interview at the facility. A second, 12,000-square-foot building that had been dormant is being renovated for warehouse space. The company has owned half the building since 2001 and bought the other half in October.
The project is due for completion by late February, Moran said. Current expansion also includes a new tool-repair facility at the plant and remodeled offices.
The firm also has an option to buy a 40,000-square-foot building near the plant site. Depending on the timing of expected customer contracts, Tech Mold will add molding at that facility within the next 12 months, Moran said.
``We are ready to go with a new facility immediately if we receive the orders that we expect,'' he said.
Tech Mold also owns a 100,000-square-foot building that is not in use. Together, those facilities could form the foundation for a major push in injection molding, said Tech Mold Inc. President Bill Kushmaul.
Currently, about 30 percent of company sales come from molding, Kushmaul said. New contracts and sales growth should push molding to more than half of Tech Mold's sales in several years, he said.
About 90 percent of the company's molding work comes from medical products, Moran said. Those products include diagnostic and surgical equipment made at the clean room facility.