Injection molder expanding in Ohio
MENDON, MICH. — Injection molder TH Plastics Inc. is investing $3.2 million in a new plant in Findlay, Ohio, that it plans to open by early next year.
The Mendon-based company caters to the appliance and automotive industries, with secondary operations including welding, assembly and testing.
“We chose the Findlay [site] because of customer locations and opportunities,” said Chris Haas, vice president of sales.
Local authorities have approved a seven-year, 45 percent jobs-creation tax credit for the new facility. The company also received a $1.3 million, 10-year, low-interest Ohio state loan.
The firm estimates it will need 85 employees for the plant, which is slated to begin operations in the first quarter of 2010.
TH Plastics was founded in 1974 and has three facilities totaling 105,000 square feet in Mendon.
Credit crunch forces Maxcy shutdown
FORT WORTH, TEXAS — Maxcy Molding Technologies Inc., a Fort Worth injection molding company, filed for Chapter 7 liquidation under the U.S. Bankruptcy Code on May 22.
Lonnie Maxcy, a 39-year veteran of the plastics industry, started the company in 2003 with two machines. The 8,000-square-foot plant had four production lines and four employees.
The company supplied end markets including military, medical and consumer goods.
Maxcy said he tried for the past six months to consolidate loans and borrow extra capital to keep the operation going.
“Some banks wouldn't talk to me and others said they were not lending money at all,” he said. He subsequently attempted to sell the company, but was unsuccessful.
“I just wish and pray it could have ended under more respected and honorable terms,” Maxcy said.
Jamestown Plastics adds to operations
BROCTON, N.Y. — Custom thermoformer Jamestown Plastics is boosting capacity by adding equipment at two of its plants.
The company plans to add a 5-foot by 7-foot rotary thermoforming machine at its Brocton headquarters that will boost capacity by 25 percent, Jamestown officials said in a June 23 news release. The firm recently added a used, 3-foot by 4-foot single-station former at its second plant in Brownsville, Texas, for a 15 percent capacity increase there.
The company said it hopes to expand its workforce later this year. The total cost of the expansion was undisclosed, but was at least six figures, according to the release.
Family-owned Jamestown manufactures parts for the health-care, pharmaceuticals, electronics, consumer goods, automotive and aerospace markets, as well as making shipping and handling trays and packaging.
Vinyl Institute moves to Alexandria
ALEXANDRIA, VA. — The Vinyl Institute moved July 1 from Arlington, Va., to nearby Alexandria, Va. The association's new address is 1737 King St., Suite 390, Alexandria, Va., 22314. Its new phone number is 571-970-3400, and its fax number is 571-970-3271.
The institute is headed by President Greg Bocchi, who joined the association 14 months ago.
VI had been renting space from the American Chemistry Council, which will be moving from its current Arlington headquarters into new, leased space near Capitol Hill in downtown Washington, in June 2010.
Dhake to expand Mich. headquarters
PLYMOUTH, MICH. — Plastics coating specialist Dhake Industries Inc. has started work on an expanded headquarters and research facility in Plymouth.
Dhake makes a variety of coatings used for both interior and exterior car parts, including center console trim, wheel covers and bumper fascia.
Contractors are renovating a Dhake facility and building a two-story addition that will boost space for the company's existing engineering, research and development, quality and application laboratories.