Central Plastics & Manufacturing, which has been around for the past decade under current ownership, is now working to raise its profile to help continue a growth spurt that's been occurring in recent years.
The Tracy, Calif.-based company processes plastics in a relatively new 60,000-square-foot facility that's home to 23 injection molding machines as well as thermoforming and stretch blow molding equipment.
CEO Hiren Patel says his company has grown from $5 million in annual sales in 2020 to $11.5 million last year thanks, in part, to the new facility and equipment. The company hopes to get to $20 million in sales by the end of 2024.
Central Plastics previously had been in 30,000 square feet of leased space, also in Tracy, but had no room to grow.
"One of the reasons why we wanted to have our own space is mainly because we wanted to have the flexibility, the right opportunity, to grow the business, to add more space, add more machines, equipment. We didn't have that flexibility in the previous space we were in," Patel said.