Custom injection molder Deimling-Jeliho Plastics Inc. of Amelia, Ohio, is expanding its domestic presence and eyeing a move in China.
President Bill Deimling said by telephone Nov. 18 that his company will break ground on a 22,500-square-foot addition by January, to accommodate warehousing, assembly and a crowded molding area. The company recently purchased five molding machines, including a 720-ton press for larger parts. The firm now has 34 machines, with clamping forces of 45-720 tons. Its investment for the expansion totals about $1.4 million, including equipment.
``We'll be in by June,'' Deimling said. ``We'll have our permits by the end of the month.''
The firm has been in its current location since 1996; officials expanded the site to 53,000 square feet in 1999.
Deimling said a conservative approach keeps his company stable, as the firm has backed away from several opportunities that officials felt would involve an unacceptable level of debt. ``I've never let our company debt go over $1 million,'' Deimling said.
None of the company's 35 customers accounts for more than 20 percent of Deimling-Jeliho's business.
Opening a molding facility in China won't be a means to making products cheaply that can be brought back to the United States, Deimling said. Rather, Deimling-Jeliho's China opportunity would be to serve current customers in the China market.
Deimling-Jeliho began as a mold builder in 1975, moving into injection molding in 1984. Its end markets include fluid handling, building products, sports and electronic instruments. Its sales will be about $10 million for 2004.