Eldora Plastics Inc. adding floor space
ELDORA, IOWA - Custom injection molder Eldora Plastics Inc. is investing about $200,000 to add space at its Eldora facility.
``We have been in tight quarters for a couple of years,'' said Sean Roling, vice president and general manager. ``We are going to 19,000 square feet'' from the current 14,000 square feet.
Site grading started in March, and completion of the addition is anticipated by June.
Increased assembly work was a driver for the addition. Principal end markets include agricultural vehicle components and outdoor sporting goods items such as fishing lures.
Eldora Plastics employs 20, operates eight presses of 52-300 tons of clamping force and had 2005 injection molding sales of $1.7 million out of total company sales of $2.2 million.
Tom Smith Industries completes expansion
CLAYTON, OHIO - Injection molder Tom Smith Industries Inc. recently invested more than $2 million in plant and equipment expansions.
Floor space increased 49 percent, and four used Krauss-Maffei presses were added.
Now, the firm's 11-acre Clayton site has 97,000 square feet of buildings.
The addition for warehouse, assembly and a shipping office became operational in late 2005, said James Pugh, sales manager.
``We are experiencing growth with existing customers'' primarily in automotive and large highway-truck markets, Pugh said. ``Our parts range from 8 cents to $10.
``The 32,000-square-foot addition is already maxed out,'' Pugh said. ``Here, everything is done conservatively.''
The Native American-owned firm employs 200, operates 28 Krauss-Maffei and Van Dorn presses of 72-730 tons and had 2005 sales of $20.5 million, up from $20 million last year.
Thomas R. Smith Sr. established the firm in 1981 and continues as owner and chief executive officer. The site's original, 65,000-square-foot facility was constructed in 1994.