Plastics News Show Daily - April 5, 2012 - (Page 8)

8 PLASTICS NEWS, April 5, 2012 Venture Plastics buys third plant By Angie DeRosa PLASTICS NEWS STAFF ORLANDO, FLA. — Custom injection molder Venture Plastics Inc. of Newton Falls, Ohio, has purchased a third molding facility, which is its second in the Buckeye State. The Middlefield, Ohio, plant features the only combination of brush tufting and injection molding in North America, according to Bryon Osborne, Venture’s vice president of sales and marketing. “We needed capacity,” Osborne said in an April 4 interview at NPE2012. In addition, the purchase came with customers. Brush tufting and injection molding are key to the floor-care industry. Products made at Middlefield are marketed under the Rellem brand of vacuum-cleaner tools, brushes, dowels and attachment kits. The brand has been around since 1947. “We are able to tuft natural or synthetic filaments onto diverse brush holders,” Osborne said, “but we are also able to mold the actual brush holders, all within the same facility. Unlike other suppliers we do not have to outsource anything.” The 50,000-square-foot site in Middlefield has about 40 employees and 15 presses. Venture’s goal is controlled, measured growth. Its sales increased in the distressed environment of 2008 and 2009. The company has grown from $14 million in sales in the 2000-01 period to $30 million now. “We never let one customer or industry be more than 20 percent of our business,” Osborne said. “That risk strategy has worked well.” Now, all the market segments served by Venture are experiencing growth. Those include appliances, auto, industrial, consumer and truck/agriculture. The company is up to 180 employees. It will keep its eye on distressed businesses for potential future purchases. But Venture doesn’t plan on growing too quickly. “Fast growth is just as dangerous as no growth,” he said. Troubleshooting topic of latest Routsis series PLASTICS NEWS REPORT ORLANDO, FLA. — Routsis Training (Booth 472) is introducing a detailed, hands-on training series online that focuses on scientific troubleshooting. The package is designed to let employees solve and prevent processing problems. “This series is specifically designed to provide your employees with a scientific approach to correctly isolating a problem and finding a solution to fix it for good,” President Andy Routsis said in a news release. The four-course series starts with the fundamentals and details the scientific approach to molding. It covers the importance of documentation, isolating and identifying the problem, returning the process to the approved standard, and currently documenting and utilizing process outputs. The company is also offering its RightStart Program, which is an implementation process that gives employers the ability to tailor the skills of their employees to specific needs. This program starts with an on-site visit to create and implement the program, which is trackable and compatible with existing computers. Routsis Training is based in Dracut, Mass., and has provided training in the plastic industry for 30 years.  http://www.mahrusa.com http://www.mahrusa.com http://tsmcontrols.com http://www.ewikonusa.com http://tsmcontrols.com

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Plastics News Show Daily - April 5, 2012

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