PRISM Plastics to Invest $2 Million in New High-Tech Molding Equipment

Continued growth in automotive driving the need for more capacity

Chesterfield Twp., Mich. – July 2, 2013 – PRISM Plastics has announced a $2 million investment in new Toshiba injection molding machines (85 to 200 tons of clamping force) for its facilities in Chesterfield, Michigan and Harlingen, Texas. The machines, installed between now and the end of 2013, will add approximately 20 percent to PRISM’s production capacity for producing tight-tolerance seat belt, air bag, fuel, steering and brake parts. PRISM Vice President Jerry Williams made the announcement.

“Our niche—difficult-to-mold, functional, safety parts—requires us to take full advantage of the latest technology at every step in our processes to eliminate variation,” says Williams. “This new investment will increase our capacity and allow us to take on a number of new projects and volume increases with our current customers.”

PRISM’s commitment to technology has driven the company’s success, even when much of the industry has struggled. Its leadership team’s ongoing investment in automation, environmental controls and process management exemplifies PRISM’s vision: to equip each facility with the best people, technology and infrastructure available to assure world-class control in the manufacturing of critical-use components requiring the tightest of tolerances.

“Since they opened their doors in 2000, PRISM has been a great example of a company that uses our injection molding presses to their fullest potential,” says Michael Werner, Senior Technical Sales Manager at Toshiba. “Their team is constantly pushing the boundaries of our technology and the materials to produce perfect parts faster and more efficiently.”

The company brought in $19 million in revenue in 2012, up from $5 million in 2009. With a continued strengthening of the auto sector, both in the U.S. and globally, PRISM has $24 million in booked business for 2013 and projects more than $30 million for 2014.

About PRISM Plastics

Founded in 1999 and committed to the most effective and efficient use of technology, PRISM Plastics manufactures tight-tolerance components, primarily life-saving safety parts for the automotive industry. PRISM ships nearly half-a-billion parts per year from its three facilities in the U.S.: Chesterfield Twp., MI; Harlingen, TX; and Port Huron, MI.

CONTACT: Luke Capizzo
248.258.2333
[email protected]