Plastics News - Show Daily - October 24, 2022 - 15

SHOW DAILY
Plastics News, October 24, 2022 * 15
Plastics Machinery
Group adds space to
remanufacture equipment
By Bridget Janis
Plastics News Staff
With its full sales staff participating,
Plastics Machinery Group
is up and running at K 2022.
PMG buys and sells new, secondhand
and refurbished plastics
processing equipment. The company
focuses on buying and selling
thermoforming equipment, injection
molding equipment, blow
molding equipment, grinders and
shredders, extrusion and plastics
auxiliary products.
PMG is working toward a global
presence. Its headquarters is in
Bedford Heights, Ohio, but it also
has an offi ce in England and two
salespeople in the Middle East.
The original business plan of
PMG is to offer new and refurbished
equipment, but it also
aims to make a pivot to more remanufacturing
and repairing used
equipment.
" Some of the biggest things that
we're doing right now is we're totally
remanufacturing blow molders
and grinders, " said Donald
Kruschke, president and CEO.
In December 2016, PMG bought
Loveman Steel and Fabrication in
Bedford Heights to move machinery
into and give the company
more space. By buying Loveman
Steel, PMG was able to upgrade to
a 78,000-square-foot building, in
addition to its other building and
warehouse, which is just under
20,000 square feet.
But now, with this pivot in the
business focus, PMG will be selling
off the intellectual property of
Loveman Steel but will keep the
plant as well as the staff to launch
the remanufacturing business.
" They know their material, "
Kruschke said. " They've already
done a number of grinders for us. "
Kruschke used to send machines
off to other companies to
be remanufactured, experimented
last winter with the goal of being
able to get into that business
themselves.
" What's really interesting is I
couldn't sit there and put a fi nger
on it, " Kruschke said. " But I knew
that [Loveman Steel] could come
in use for something. "
The next step for the company
is to expand the physical capacity
to be closer to 200,000 square
feet altogether. As of right now,
the new building is only in design
mode and there is not yet a budSome
of
the biggest
things that we're
doing right now
is we're totally
remanufacturing
blow molders and
grinders. "
Donald Kruschke
Plastics Machinery Group
get for the project, he said.
Currently, PMG is in line to have
2022 be a second record year in
sales. Offi cials don't see any signs
of business decreasing soon, but
it is something for which they are
watching out.
" It's extremely hard to navigate
future purchases just because of
infl ation and interest rates, " Kruschke
said.
Donald Kruschke,
president and
CEO of Ohiobased
Plastics
Machinery Group,
at K 2022.
Plastics News photo by
Caroline Seidel
PLASTICS
MACHINERY
GROUP
Hall 13,
Booth A89-15
Rethink
Reshape
Reinvent
This is our future-positive revolution.
For the planet and for all life on it, we're reinventing
essentials for more sustainable living.
As a global leader in advanced and sustainable chemicals
and materials solutions, we're helping customers transform
to be more circular and climate neutral. Our innovation and
partnership means progress for all.
Find out more and visit us at KFair 2022 19-26 October,
Hall 6, Stand A43
Keep Discovering

Plastics News - Show Daily - October 24, 2022

Table of Contents for the Digital Edition of Plastics News - Show Daily - October 24, 2022

Plastics News - Show Daily - October 24, 2022 - CT1
Plastics News - Show Daily - October 24, 2022 - CT2
Plastics News - Show Daily - October 24, 2022 - 1
Plastics News - Show Daily - October 24, 2022 - 2
Plastics News - Show Daily - October 24, 2022 - 3
Plastics News - Show Daily - October 24, 2022 - 4
Plastics News - Show Daily - October 24, 2022 - 5
Plastics News - Show Daily - October 24, 2022 - 6
Plastics News - Show Daily - October 24, 2022 - 7
Plastics News - Show Daily - October 24, 2022 - 8
Plastics News - Show Daily - October 24, 2022 - 9
Plastics News - Show Daily - October 24, 2022 - 10
Plastics News - Show Daily - October 24, 2022 - 11
Plastics News - Show Daily - October 24, 2022 - 12
Plastics News - Show Daily - October 24, 2022 - 13
Plastics News - Show Daily - October 24, 2022 - 14
Plastics News - Show Daily - October 24, 2022 - 15
Plastics News - Show Daily - October 24, 2022 - 16
Plastics News - Show Daily - October 24, 2022 - 17
Plastics News - Show Daily - October 24, 2022 - 18
Plastics News - Show Daily - October 24, 2022 - 19
Plastics News - Show Daily - October 24, 2022 - 20
Plastics News - Show Daily - October 24, 2022 - 21
Plastics News - Show Daily - October 24, 2022 - 22
Plastics News - Show Daily - October 24, 2022 - 23
Plastics News - Show Daily - October 24, 2022 - 24
Plastics News - Show Daily - October 24, 2022 - 25
Plastics News - Show Daily - October 24, 2022 - 26
Plastics News - Show Daily - October 24, 2022 - 27
Plastics News - Show Daily - October 24, 2022 - 28
Plastics News - Show Daily - October 24, 2022 - 29
Plastics News - Show Daily - October 24, 2022 - 30
Plastics News - Show Daily - October 24, 2022 - 31
Plastics News - Show Daily - October 24, 2022 - 32
Plastics News - Show Daily - October 24, 2022 - 33
Plastics News - Show Daily - October 24, 2022 - 34
Plastics News - Show Daily - October 24, 2022 - 35
Plastics News - Show Daily - October 24, 2022 - 36
Plastics News - Show Daily - October 24, 2022 - 37
Plastics News - Show Daily - October 24, 2022 - 38
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_daily_20221025
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_daily_20221024
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_daily_20221022
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_daily_20221021
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_daily_20221020
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_daily_20221019
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_20191112
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_201910
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_201909
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_20190708
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_201906
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_20190520
https://www.nxtbook.com/nxtbooks/crain/plasticsnews_2019042229
https://www.nxtbookmedia.com