(Plastics Today) -- Automotive injection molder Century Mold Inc. will invest USD4.2 million to expand its Shelbyville, TN plant, a move that ultimately will create 58 new jobs. Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty today joined with representatives from Century Mold to announce the investment on Jan. 13.
According to the company's website, the operation in Shelbyville covers 100,000 sq ft, and runs 25 injection molding machines, ranging in clamp force from 60 to 1150 tons. It also as a full tool room with the capacity to build molds up to 20,000 lb.
In early 2012 Century Mold will start construction on a new injection molding facility in Queretaro, Mexico located in the El Marques Industrial Park. The company plans to invest more than USD15 million on new equipment for this facility over the next 36 months, with the plant to cover approximately 100,000 sq ft and able to house injection molding machines up to 3500 tons.
Century anticipated that facility being complete early in the fourth quarter of 2012, with actual production to start as early as January 2013. The facility will house up to 40 machines in larger tonnages ranging from 390 tons to 2200 tons by 2016 including two shot injection molding machines.