Published:
Plasticon to Commence Manufacturing at Pro Mold Facility on November 10th
Plasticon International Inc. (OTC: PLNI)
announced today that the company will commence manufacturing at the Pro
Mold, Inc. production facility in St. Louis, Missouri, on November 10th.
"For the first time in the history of the company, Plasticon will control
the manufacturing process from start to finish, which will allow us to
control our own destiny through the Pro Mold production facility," said Jim
Turek, President and CEO of Plasticon International. "From this point
forward, we will no longer rely on contract manufacturing. This is an
exciting milestone for Plasticon." Next week, Plasticon will webcast a
video tour of the entire plant. Mr. Turek will be present to start the new
state-of-the-art 500-ton Toyo molding machine, signaling the beginning of
Plasticon's control of the facility. "We will now control the entire
manufacturing process, from molding the recycled resins, shaping them into
innovative recycled plastic products and delivering the final product to
the field," Mr. Turek said.
According to Mr. Turek, there are several major advantages to acquiring the
Pro Mold facility. "First, the new plant will allow the company to offer
enhanced service to our customer base through faster turnaround times on
orders. Secondly, the new plant will give the company more direct
supervision of quality control issues. Third, it will allow us to meet
increased demand. Demand has been steadily rising for our most recently
patented product, the PAC Chair III, as well as our additional recycled
plastic rebar support products. The new facility allows us to control the
process and effectively meet demand. Additionally, there is currently a $1
million backlog in orders for Pro Mold, which will need to be met as soon
as possible. Fourth, the facility will allow us to produce custom-made
orders, which will allow for expanded sales opportunities. We are looking
forward to getting started on November 10th."
The new production facility allows for $20 million in production and sales
annually at present production capacity, and with the addition of several
new Toyo machines, production capacity can be pushed to between $25 million
to $28 million annually.
For more information about the Plasticon International and for important
updates, please visit the Plasticon web site online at
www.plasticonintl.com. Plasticon was recently featured in Investor's
Business Daily and can be viewed on the Investors.com web site at:
http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on
the Plasticon International web site at:
http://www.plasticonintl.com/manofrecycledplastic.pdf.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and
distributes high-quality concrete accessories, transportation signage,
plastic lumber, and office supplies which are all produced from recycled
and recyclable plastics. Plasticon is a leader, an innovator of
cutting-edge design, engineering, and production of industrial and
commercial products. Plasticon is a green Company, environmentally
friendly, using recycled plastics to produce its line of products.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and
1995 for all public news releases. Statements, which are not historical
facts, are forward-looking statements. The Company, through its management,
makes forward-looking public statements concerning its expected future
operations, performance and other developments. Such forward-looking
statements are necessarily estimates reflecting the Company's best judgment
based upon current information and involve a number of risks and
uncertainties, and there can be no assurance that other factors will not
affect the accuracy of such forward-looking statements. It is impossible to
identify all such factors. Factors whish could cause actual results to
differ materially from those estimated by the Company include, but are not
limited to, government regulation, management and maintaining growth, the
effect of adverse publicity; litigation, compensation, and other factors
which may be identified from time to time in the Company's public
announcements.
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Tags: ,Chemicals:Plastics and fibers, ManufacturingandProduction:MachineryandTools, RealEstateandConstruction:Construction, ,INTHPINK,KY,LEXINGTON, KY
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