Tech plans to prep the expanded production space for specialized molding capabilities in a clean, climate controlled environment for precision medical, automotive, and electronics products including over-molding of close tolerance, thin wall connectors produced with high performance engineering grade resins. A corridor will connect the two buildings and serve as the primary gateway for efficient flow of finished goods.
The company operates currently with 29 injection molding machines ranging in size from 40 to 309 tons. Two new high precision molding machines have been ordered and will arrive in a few weeks with 4-6 additional high precision molding machines added as the building is modified to support specially designed molding systems with cavity pressure sensing technology.
The family owned business currently employs over a hundred people with 28 full time employees added in 2010 with support from 35 temporary workers. With the facility expansion in place for 2011, Tech plans to add an additional 27 employees in the next few months and convert more temporary workers to full time by reducing short-term employment.
Low debt, strong financial's, and a commitment to reinvestment has been a founding principle of the company since its inception in 1973. “We have been fortunate to practice the basic concept of saving pennies during good times to support operations during extended periods of bad times,” said Scott. “We do no justice to our customers, our people, and ourselves if we extend debt, risk, and responsibility beyond our means.”
The company was founded by William and Eva Hanaway with the drive for precision in mold building, custom molded plastics, and skilled people. Problem solving talent has grown the company from a garage shop to an international operation that ships products to countries across the globe. |
