CHESTERFIELD TOWNSHIP, MICH. (Sept. 21, 2:30 p.m. ET) — Prism Plastics LLC has just launched production at its new Detroit-area injection molding facility and already expects to add new employees there within the year.
Prism also moved its headquarters to the site in Chesterfield Township from its original facility in Port Huron, Mich. The company continues molding in Port Huron as well as at its third location, in Harlingen, Texas.
The firm specializes in tight-tolerance parts. The new plant has 10 injection molding machines and 10 employees and is running three shifts, seven days a week, said Vice President Jerry Williams in a Sept. 20 news release marking the grand opening.
Prism officials said the company will see annual sales of about $22 million this year, up from $5 million in 2009.