Custom injection molder Plastic Molding Technology Inc. is expanding its total footprint in El Paso, Texas, to nearly 100,000 square feet by leasing additional space.
The company announced the project Feb. 5 and said it expects to move into the 39,000-square-foot space by the fourth quarter of 2020.
The new space will allow the company to focus on new technology and value-added services.
"The decision to expand within our current building footprint means we can seamlessly add more capabilities and capacity without a disruptive move to a new location," CEO Charles A. Sholtis said in a news release.
The expansion means PMT will now occupy the entire building at 12280 Rojas Drive in El Paso.
Adding space fits into PMT's plan to expand its medical molding capabilities. The company is currently preparing to install four all-electric molding machines, ranging up to 165 tons, into a new medical molding center. PMT also is working toward both ISO 13485 and ISO 14001 certification.
PMT has 62 injection presses and ranked No. 229 in Plastics News most recent survey of North American injection molders, with 2018 sales of $24 million.
Sholtis said with the final signing of the NAFTA replacement, USMCA, he expects PMT will see growth serving major international assembly operations across the border in Mexico.