Rancho Cucamonga, Calif. — Donna Pursell pays close attention to the medical market as owner and CEO of both Prestige Mold Inc. and Pres-Tek Plastics Inc.
"A lot of consolidation is occurring in the business," Pursell said. Over three years, a domestic customer "gobbled up" four of her companies' other clients.
Medical work accounts for all of injection molder Pres-Tek's sales and about 90 percent of Prestige sales with the mold maker's remainder in consumer and industrial jobs.
Located in adjacent buildings, Prestige and Pres-Tek are looking to expand in different ways, Purcell said in an interview in Rancho Cucamonga, about 40 miles east of Los Angeles.
Prestige plans to acquire advanced equipment to increase its throughput volume in making molds.
Pres-Tek intends to increase its physical footprint although no immediate change is foreseen.
Turnkey projects are becoming more important to both companies. During 2017, the two organizations completed three full cells, handled 10 significant turnkey activities such as adding to a package mold and proving its viability, and also worked on 50 low-key turnkey activities.
Prior to Pres-Tek involvement, Prestige would add value, but more was possible. "Now, the process is more sophisticated with Pres-Tek capabilities," Pursell said.
A Prestige-Pres-Tek project might take two to three months for the full validation of a turnkey project. In comparison, an original equipment manufacturer might need a year if handling validation internally.
Among its turnkey jobs, Prestige received a customer's order in July and will deliver the mold to Pres-Tek in January for validation. The customer should receive the turnkey project in February.
The organizations also provide an accessible portal through which a customer can log in and see the availability of spare components and review the status of an existing job.