With bankruptcy a distant memory, Intertech Plastics Inc. has expanded and improved the layout of its Denver custom injection molding facility.
Intertech has spent about $1.2 million on the project, including the purchase of a refurbished, 1,500-ton Husky injection press. It has built a new, 5,000-square-foot tool and die shop and added 6,000 square feet of new office space.
``It's a celebration of survival, giving thanks for what we've got,'' Intertech President Noel Ginsburg said in a telephone interview. The company shared its good fortune and the expansion with an open house Aug. 29.
In 2000, Ginsburg and Intertech management took the firm into Chapter 11 bankruptcy protection after it ran into trouble when a major customer stopped paying bills, he said. Intertech emerged from Chapter 11 in 2003, after Herculean efforts to retain customers and key employees, cut costs and commit the firm to continuous improvement.
The Husky machine underlines the company's prospects. It will mold new jobs in packaging, construction and pet products, Ginsburg said. It surpasses Intertech's previous large machine, a 1,000-tonner, and is needed to pump out the shot sizes the new contracts demand.
Intertech runs 24 presses. It also operates a large-part blow molding machine for industrial components. Other services offered are assembly, design, pad printing and fulfillment. The toolroom mainly repairs and maintains molds. In total, Intertech has 120,000 square feet of manufacturing and warehousing space.
The firm claims to be the biggest Colorado-based custom molder, with sales of about $16 million.
Ginsburg leads in the community as well. He and his company have received awards for helping underprivileged children and for other causes. Among the awards are the Martin Luther King Social Responsibility Business Award, Outstanding Large Business from the Colorado Children's Campaign and the Daniel L. Ritchie Award for Ethics in Business.