Success Stories
Plastic Injection Mold Manufacturer
California
This second generation company specializes in
quality precision plastic parts
production and turnkey manufacturing solutions. It
is a full service contract
manufacturer equipped to support prototype,
pre-production and plastic production
component orders.
During the 2 years prior to certification, the
company suffered reduced annual sales
in key product lines due to increasing foreign
competition. As a direct result, annual
sales in those product lines decreased 4% from 1999
to 2000, with employment
decreasing 3% to 73 during this period.
The company with assistance from the University of
Southern California’s Western
Trade Adjustment Assistance Center (Western TAAC)
became certified as trade
impacted by the US Dept. of Commerce, Economic
Development Administration
(EDA) in May of 2001.
Western TAAC and the company's management developed
a strategy to specialize in
the manufacture of complex precision molded parts
while expanding and diversifying
its customers and industry base. The strategy
included expanding into the medical
industry.
The company has successfully completed its 5th year
in the implementation phase of
the TAA Program. During this period the company,
with Western TAAC assistance,
implemented its marketing, finance, quality, 2
phases of its product design
engineering projects, and 4 phases of its
information technology projects. Since
beginning its public/private sector partnership with
the TAA for Firms Program,
sales increased 30% to $11M, productivity improved
to increased 66% to $189,754
sales per employee, and the company regained
profitable operating income over the
past three years. |
