Custom injection molder Plastic Molding Technology Inc. is expanding its total footprint in El Paso, Texas, to nearly 100,000 square feet by renting additional space.
The business announced the project Feb. 5 and stated it anticipates to move into the 39,000-square-foot area by the fourth quarter of 2020.
The brand-new area will allow the company to concentrate on new technology and value-added services.
“The choice to expand within our present structure footprint implies we can seamlessly add more abilities and capability without a disruptive relocate to a new place,” CEO Charles A. Sholtis said in a news release.
The expansion implies PMT will now occupy the entire structure at 12280 Rojas Drive in El Paso.
Including space fits into PMT’s plan to broaden its medical molding capabilities. The company is presently preparing to install four all-electric molding makers, ranging as much as 165 loads, into a brand-new medical molding center. PMT likewise is pursuing both ISO 13485 and ISO 14001 accreditation.
PMT has 62 injection presses and ranked No. 229 in Plastics News newest survey of North American injection molders, with 2018 sales of $24 million.
Sholtis said with the final finalizing of the NAFTA replacement, USMCA, he expects PMT will see growth serving significant worldwide assembly operations across the border in Mexico.