ROCKLAND, MASS. (July 27, 12:20 p.m. ET) — Polymer Corp is expanding its injection molding division with a bigger press and a move from Monson, Mass., to nearby Palmer, Mass., which will increase its large-part manufacturing capability and provide more space.
“The main thing is that we outgrew our other facility. It is inefficient and we had to get more efficiency,” said President and CEO Bob Underwood, in a telephone interview.
The company, which is headquartered in Rockland, Mass., is converting about 58,000 square feet of what was formerly warehouse space in Palmer into a more modern manufacturing facility that it hopes will be ready in late September or early October.
“Our work production is much larger than it's been in the last five to 10 years,” said Jim Ryan, the company's chief operating officer.
The company is revamping the building for manufacturing, including new wiring and a 5-ton overhead crane, according to Ryan. Floors are being redone, and a clean room area is in the design stage.
The company has already ordered an 800 ton Haitian press to boost its capacity, and it will soon be delivered to the new facility. Overall, Polymer Corp. has 23 injection presses, ranging from 28 tons up to the new 800 ton.
Last year the company installed two 500 ton Haitian presses.
The move will be made in stages to provide continuity in the production process. It will start in mid-September with plans to be completed by the end of October.
“It is a very good location for our workforce and is close to the Mass Pike,” Ryan said.
The company's existing facility in Monson has lower ceilings and was not built for modern manufacturing. The company looked at alternate locations, both in state and out of state. However, a key consideration was its skilled workforce. The company expects all 78 employees to make the move.
Ryan said Polymer Corp. worked closely with state and local officials. The state announced that the company will receive a 10-year tax increment financing package of $57,757 from the town of Palmer. It is also getting $368,486 in investment tax credits from the state Economic Assistance Coordinating Council. The project is expected to create 23 new jobs.
Underwood said the project was a significant investment and will allow for growth opportunities. Polymer Corp. does work that range from gunstocks and recoil pads for recreational firearms to medical equipment housings. It also does high-end industrial products and defense work.
The company also does liquid resin casting at its Rockland facility, and it has a Polymer marine division for undersea components for various industries.
“We're having a really good year – a record year,” Underwood said.
He would not disclose sales figures, but noted that the company has had continuous growth through the downturn has seen a substantial pickup in business lately.