Loose Plastics Inc., a custom sheet extrusion manufacturer based in Gladwin, Mich., is on a path to grow the business.
For 2020, the company is projecting sales to increase by 10 percent, according to President Joshua Loose.
"Our sales growth is attributed to our amazing staff at LPI, which we consider family," Loose said in emailed responses to Plastics News.
The privately held, family-owned company declined to disclose sales figures but said the business has grown nearly 60 percent since 2015. Loose's father, Scott, established the company in 1985 and is still fully active in the day-to-day operations.
"Our team isn't scared to try new things, and they are always looking for ways to improve upon or solve — with plastics — all of today's challenges," Loose said of the company's 114 employees. "It really helps having a team that knows what they are doing and doing it very well, I must add. They are truly capable to make the biggest changes to capabilities with the quickest turnaround time I've ever seen."
Loose also cited the company's focus on quality, flexibility and old-school customer service as catalysts for growth and success in addition to its recycling efforts. The company recycles and reuses more than 1,000 trailer loads of plastic scrap each year, he said.
Loose Plastics specializes in extruding multilayer and monolayer sheet and roll stock. The company extrudes ABS, high density polyethylene and polypropylene, among other materials. Its plastic sheets are used in a wide range of products, including shower and bath surrounds, automotive components, packaging, headliners, all-terrain vehicle and recreational vehicle parts and accessories, and truck bed liners.
The company's 120,000-square-foot Gladwin headquarters houses the olefin processing equipment. Nearby, in Beaverton, Mich., Loose Plastics has a 24,000-square-foot plant for its rigid plastics processing.
"Both plants are located on plenty of acreage, which will make for easy growth plans well into the future," Loose said.