Innovative Injection Technologies Inc. is investing $10 million to expand its West Des Moines, Iowa, operations including a 75,000-square-foot physical expansion and the purchase of 10 new molding machines.
"These new capital investments allow us to better serve these key stakeholders and enables us to meet significant demand increases from new and existing customers," Josh Janeczko, president and CEO of i2-Tech told Plastics News in an email.
The expansion includes a 25,000-square-foot machine bay that will house up to 15 machines and two overhead cranes with up to 50 tons of lifting capacity. It also includes an addition of 50,000 square feet of warehouse space, expected to be complete in the third quarter of this year.
"The machine bay required significant infrastructure improvements including electrical, concrete, material handling and process water," Janeczko said.
The injection molder's equipment purchases include three 500-ton Roboshots, 110- and 55-ton Q-series Milacron machines. It also includes a 340-ton, 610-ton, two 1,900-ton and a 4,400-ton press from Engel.
The machines are in "various stages of delivery," Janeczko said, with some already in operation and the rest expected to be running by Sept. 1.
The company will add 60 new employees by July 1 to i2-Tech's current 230 workers, he said.
"These are exciting times at i2-Tech and the strength of our company is built on the strong culture we have of delivering on our commitments to our employees, suppliers, customers, and our community," Janeczko added.
I2-Tech is No. 137 on Plastics News' most recent ranking of North American injection molders with $48 million in annual sales.
The company was PN's Processor of the Year in 2007 and serves customers in segments including construction, medical and automotive.