Custom injection molder Hoffer Plastics (Elgin, IL) has invested $1.6 million in four new injection molding machines and automation to accommodate new packaging business in the food, pharmaceutical, and health and beauty and segments from Procter & Gamble, Kraft, and Johnson & Johnson.
The machines, which include three 470-ton Demag Systec presses with Wittmann-Battenfeld robots and an extended daylight 600-ton KraussMaffei, give Hoffer a total of 97 machines ranging in clamp force from 35 to 650 tons. A company spokesperson told PlasticsToday that the machines, which were bought new with cash, were installed in December after a 21-week lead time.
Hoffer is coming off a strong 2010 in which it boosted revenue by 23% and added 50 employees, giving the company approximately 350 employees. The company says it tries to invest $1.5 million per year in new capital equipment and facility upgrades, with its molding machines averaging six years of service or less. Since 1969, Hoffer says all its capital expansion has been financed by an internally generated fund, keeping the company debt free.