CINCINNATI (June 6, 3:10 p.m. ET) — Injection molder Performance Plastics Ltd. of Cincinnati has invested about $500,000 since the start of the year on three new Roboshot-brand electric molding machines from Milacron LLC.
The machines were needed because of additional work that performance has gained in making small medical parts based on fluoropolymer resins, general manager Ken Kelly said in a June 6 phone interview.
Kelly said the machines are making parts on 16-cavity molds. He declined to provide details of the work, citing customer confidentiality. Performance used a federal energy grant to pay for part of the investment in the new machines.
A focus on medical molding has led to that sector now accounting for 25-30 percent of Performance's annual sales, Kelly said. In 2005, that total was only 5-7 percent. The firm may add another molding machine by the end of the year, he added.
Performance now operates 22 molding machines and has room for as many as 30 more at its 40,000 square-foot facility. The 30-year-old firm has about 50 employees and has annual sales of $7 million.
Kelly will be speaking next week at Plastics in Medical Devices 2012, hosted by Plastics News, June 11-13 in Westlake, Ohio.
Go to www.plasticsnews.com/pmd2012 for full details.