Plastic Molding Technology (PMT) Inc. (El Paso, TX) was officially verified as a Veteran-Owned Small Business (VOSB) by the U.S. Department of Veterans Affairs Center for Verification and Evaluation (CVE). The VOSB designation is given to small businesses after a lengthy application process to verify veteran ownership and eligibility, including a thorough review by the CVE.
|Charles A. Sholtis, CEO , Plastic Molding Technology.|
“Our designation as a Veteran-Owned Small Business gives PMT priority access to secure new contracts versus other plastic injection molders,” explained Charles A. Sholtis, CEO and veteran owner of PMT. “It complements our business’s made in the USA commitment. The VOSB designation will allow customers to count business given to PMT as diverse dollars, helping meet supplier diversity requirements from their OEM customers.”
Sholtis is the second-generation owner of PMT. He graduated as a commissioned officer through the NROTC program at Villanova University in Pennsylvania, serving in the U.S. Navy as a lieutenant junior grade. He was the navigation officer aboard the USS Cushing (DD985), deploying to the Middle East in 1984 on the flagship destroyer.
In 1986, Sholtis honorably discharged from the Navy to join the family business. Twenty-five years later, Sholtis took the helm of PMT to lead the company as CEO and sole owner. Sholtis’ father, also a Navy veteran, served during the 1950s in the Atlantic fleet and founded PMT in 1973.
Sholtis attributes much of his leadership experience and training to his time in the service. “Lessons learned in the Navy include accountability, decisiveness and building a mission-focused team—all of which we use today to help the business succeed,” Sholtis said.
According to the National Veteran-Owned Business Association, 70% of Americans prefer to do business with veteran-owned companies. In 2017, the Small Business Administration released a report stating 2.52 million businesses in the U.S. are majority-owned by veterans. Ninety-nine percent of all veteran-owned businesses are small businesses.
PMT is proud to be veteran-owned and an employer providing more than 160 jobs in El Paso.