Plasticon Announces Purchase of New Equipment to Increase Capacity of Its Pro Mold Operations
Sep 22, 2006
LEXINGTON, KY -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced that it acquired two additional injection molding machines and related equipment. The purchases, totaling $525,000, are designed to increase the operating capacity of its subsidiary Pro Mold, Inc. by over 33%.
James N. Turek Sr., President of Plasticon, announced the purchase and stated that with this purchase, "We will be better able to meet the contractual requirements to our exclusive distributor of rebar supports as well as new orders for existing clients that require the usage of larger tonnage molding machines for their products."
The acquisition included a 500 Ton Toyo at $231,000, a 310 Ton Toshiba at $149,000, and two Matsui Dryers at $43,000 together with conveyors, grinders, and temperature control units and related installation costs for a total investment of $525,000. The acquisition of this equipment is part of the Company's efforts to enhance its ability meet customer needs and market trends.
About Plasticon International, Inc.
Plasticon International designs, produces, and distributes high-quality concrete accessories, transportation signage, and plastic lumber 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.
