First Reported in the Crittenden Press on December 16, 2021
Par 4 Plastics continues to expand its manufacturing operation in Marion. The company, which has been here for 31 years, has recently purchased a 450-ton Engel manufacturing press, added about 21 new employees since June and is building a new warehouse next to the plant on Industrial Drive. Par 4 President Tim Capps said recent growth in the consumer goods market has prompted much of the expansion. The 7,488-square-foot warehouse expansion will house low-volume service parts, materials, packaging, components, auxiliary equipment and molds for the automotive and consumer goods industry. “The expansion will allow our manufacturing facilities to grow and become more efficient,” Capps said. While the automotive industry continues to remain in turmoil due to high resin prices and severe supply chain restraints, Capps said Par 4 has invested over $400,000 in its manufacturing facility. “Our team is working hard every day and dealing with daily cancelations from our automotive customers,” he said.” We have never seen times like this. Inflation is driving all costs higher and we have to be very efficient to remain successful.” Par 4 is an injection molding and plastics company that also does some assembly. It has customers such as Toyota in the automotive industry, makes gun stocks and laundry baskets that are sold at Walmart among other goods. “We are fortunate and blessed to have added some other core business in very difficult times. The new business is credited to our hardworking team that has been versatile and resilient over the last two years,” added Capps. Par 4 has more than 200 employees working three shifts. Several of its product lines run 24- hours a day, five days a week.
0 Comments
|
ABOUTSharing stories, news, and business updates updates from the Lake Barkley Region of Caldwell, Crittenden, Livingston, and Lyon Counties. Archives
August 2022
Categories |