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Article: ELCO TEXTRON BOLSTERS PLASTICS PRESENCE
- Article from:
- Plastics News
- Article date:
- June 22, 1998
- Author:
CopyrightCOPYRIGHT 1998 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Known mainly for metal fastening products, automotive supplier Elco Textron Inc. wants to put more plastics in its future.
The company, a wholly owned subsidiary of Providence, R.I.-based Textron Inc., is investing about $3.8 million to expand its Elco Thermoplastics Inc. plant in Mishawaka, Ind., and buy eight new injection presses by the end of 1998.
But that is only the start of where the company wants to head with plastic molded products, said Elco Textron business development manager Thomas Keller. The company is launching a five-year plan to buy as many as 10 independent molders.
"We have to go outside Mishawaka to better position ourselves ...