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The well-known rising tide that lifts all ships? Contract manufacturer Plastic Molding Technology (PMT) is riding the wind and waves. The company announced today that it has invested nearly $1 million in new equipment this year to support the award of new contracts that require additional capacity.

Charles A. Sholtis, chief executive officer and owner of PMT, stated in a prepared statement: “Some of our customers have experienced record growth in their industries to support U.S. infrastructure.” For its part. , PMT expects this year’s sales to achieve double-digit growth. It makes full use of additional funds by investing in new injection molding machines and auxiliary equipment to support growing customer demand. 

So far this year, PMT has received 10 new Maruka USA Toyo injection molding machines, including 3 55-ton, 4 110-ton and 2 200-ton presses. PMT also invested in its first injection molding machine under 40 tons, the new Toyo 20-ton horizontal machine. The new investment will support major customers in the telecommunications, medical equipment and electrical industries.

PMT also purchased auxiliary equipment for the new press, including several HY Robotics 3-axis robots and gate pickers, Novatec dryers with a central conveyor system, and conveyors with part separation. Two new Gorbel bridge crane systems will provide safe mold transportation and setup in the company's white room space and factory floor.

PMT now has 72 injection molding machines in its 60,000 square foot manufacturing facility and operates 24/7 at its strategic border location in El Paso, Texas.

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