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PRISM Plastics (Port Huron, MI) is investing $2 million in Toshiba injection molding machines, adding four presses to its plant in Chesterfield, MI and two in Harlingen, TX. The move will boost capacity by 20% and give the company a total of 31 injection molding machines with a tonnage range of 65 to 390 tons.

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Auto business drives PRISM Plastics to add six new Toshiba injection molding machines

PRISM Plastics (Port Huron, MI) is investing $2 million in Toshiba injection molding machines, adding four presses to its plant in Chesterfield, MI and two in Harlingen, TX. The move will boost capacity by 20% and give the company a total of 31 injection molding machines with a tonnage range of 65 to 390 tons.

PRISM will add 4 employees over the next six months, "as these new machines and new projects get up and running," a company spokesperson told PlasticsToday, noting that the automotive rebound has been a big driver for its investments.

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PRISM Plastics

The production floor of PRISM's Chesterfield, MI plant, which will be adding four all-electric Toshiba injection molding machines.

"PRISM's work is primarily automotive, so the global uptick in car sales has been a significant driver of new business," the spokesperson said. "We also added a new steering component contract earlier this year with Nexteer that has been a strong addition for us."

The company has standardized on Toshiba injection molding machines. "Prism has evaluated all the major machine brands and conducted a thorough review of machine capabilities," the spokesperson said. "Toshiba has consistently achieved Prism's highest overall score." 

PRISM's 30,000-sq-ft Harlingen plant was established in 2005, while the 25,000-sq-ft Chesterfield operation was opened in 2011. Over the same time period, it has also expanded capacity three times at its original Port Huron site, which opened in 2000. When the Chesterfield site opened, PRISM said it has capacity for up to 10 injection molding machines, and would employ 21 when fully staffed.

PRISM registered $19 million in revenue in 2012, up from $5 million in 2009. In a release, the company said  "continued strengthening of the auto sector, both in the U.S. and globally," has allowed it to continue to grow, booking  $24 million in business for 2013. PRISM projects that revenue will eclipse $30 million in 2014.

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