New Oxford, Pa.-based Covington Plastic Molding is investing $1.5 million to purchase a 65,000-square-foot facility, a new forklift and warehouse equipment.
The facility, located one block from Covington's West York, Pa., production facility, is currently used as a warehouse, but is planned to have expanded production capabilities over the next three to five years, Scott Covington, vice president and co-owner of CPM, told Plastics News.
The company plans to consolidate its two other facilities to one location in York, Covington said.
"This will allow us to not have to pay for redundant utilities, insurance … and have everything under one roof," he said.
Once the facility is fully operational, it expects to add 10 to 15 new positions as a result of the investment, he added.
"This [is] something we have wanted to do for about five years, but could not find the right fit," Covington said. "The price was right, the location was right and the timing was right."
"This year the big step was buying the building," he said, which will require upgraded electric, HVAC and a silo. Those updates will happen "in time," Covington said, as funding becomes available.
Covington's business has doubled in the past five years, a news release said, "driven in large part by the company's production of key components … [in] computer server networks."
Covington Plastic Molding produces plastic injection molded parts for industries including retail, medical, electrical, sporting goods, transportation and military.