Venture adds injection molding capacity in Ohio and Texas

(Newton Falls, OH) has added four injection molding machines and hired an additional production manager in response to “a significant amount of new business acquired during the second and third quarters of 2009,” according to Venture's President, Steve Trapp. The $600,000 investment over the last 90 days includes the addition of three new molding machines at its 45,000-ft² facility in Newton Falls, with one press added at its 48,000-ft² site in El Paso.

The new machines in Ohio include two Arburg systems (165- and 220-ton All Drives) and a 2004-model-year Mitsubishi. In Texas, Venture now has a new 150-ton Toyo Electric SI-150IV. As it has with its other machines, all new systems will be outfitted with RJG’s EDart process control and monitoring technology. The company’s El Paso site, which began operations in 2006, also named Joe Ortiz as its new production manager. Ortiz has more than 14 years of molding experience and is a certified Master Molder 3.

On Oct. 21, Venture celebrated the 40th anniversary of its 1969 founding by Ken Groff, who remains at the company as its CEO. Trapp told PlasticsToday that Venture’s revenues have expanded in 2009, and are forecast to grow even more in 2010, benefiting in part from new business, including transferred tooling. —Tony Deligio