Tessy Plastics Corp. is investing $6 million in a 60,000-square-foot addition to one of the buildings at its Elbridge, N.Y., headquarters.
``We've gotten additional business and have gotten busier and busier,'' said President Roland Beck. ``We've had to work overtime on weekends, and this will make the company more efficient.''
The firm hopes to break ground soon and have the expansion complete within six months. The $6 million investment includes the building, machines, conveyor systems and other necessary equipment. The company will add about 100 employees and 18-24 injection presses with clamping forces of 100-385 tons. The presses will mold PET, polyethylene and polypropylene for the consumer products and automotive industries.
``A lot of our work is automated,'' Beck added. ``We have a diverse group of customers and have secured some work through online bidding. We buy the right equipment and have invested the money to run as efficiently as possible.''
Tessy operates three facilities - in Elbridge, Lynchburg, W.Va., and Shanghai. With 750 employees, the firm runs 170 injection presses. Tessy placed No. 92 in Plastics News' injection molders ranking earlier this year, with related sales of $64 million. Tessy's markets include business machines, medical, automotive, cellular phones and cameras. In 2000, the family-owned firm received Plastics News' Processor of the Year award.