Injection molder Plymouth Molding Group LLC plans to move into a new $2.5 million plant in its hometown of Plymouth, Ind.
The 40,000-square-foot location is set to open in December. It will be twice the size of PMG's current site.
In an April 22 phone interview with Plastics News, President Mike Lee said PMG will move 12 injection presses to the new site and plans to add three more. He added that the firm has signed a 15-year lease for the facility.
PMG posted sales growth of 18 percent in 2021 and is on track for 20-25 percent sales growth this year, according to Lee.
"We're seeing strong sales in all our key markets," he added. "We've been able to navigate all the challenges of these last two years."
PMG will move 18 jobs to the new plant, with plans to hire eight more.
PMG molds products for a variety of industries, including recreational vehicles, construction, and agriculture. As part of the project, the firm is investing $600,000 in additional equipment to meet production demand.
The plant is being built by Plymouth Industrial Development Corp., a local investment firm that's developed projects for Dean Foods, Del Monte, Pregis, Jeld-Wen, Hoosier Tire and many other firms since being founded in 1957.