Inc. magazine listed Plastic Molding Technology Inc. (PMT; El Paso, TX) on its annual Inc. 5000 ranking of the nation’s fastest-growing private companies. PMT is the only El Paso–based company to make the list, ranking number 4748 on the 2019 list, with three-year revenue growth of 59%.
According to Inc., the list represents a unique look at the most successful companies within a dynamic segment of the U.S. economy—independent small businesses.
|Charles A. Sholtis, CEO, and daughter Jennifer Perez, Marketing Communications Specialist.|
“This achievement reflects the talent and focus of our team, a group that always rises to the next level when facing a challenge,” said PMT CEO Charles A. Sholtis. “PMT focuses on creating molding solutions for our business partners, and this ranking captured our renewed emphasis on using ingenuity and technology to achieve more.”
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists, according to Inc. The 2019 list achieved a three-year average growth of 454%, and a median rate of 157%. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
PMT is an IATF 16949– and ISO 9001–certified manufacturer of precision-engineered injection molded plastic components, producing more than 160 million parts per year for an array of industries including the automotive, electrical, medical device and industrial sectors. Strategically located in El Paso, PMT is well positioned to serve maquiladora (twin-plant) operations in Mexico.