By Rich Rovito, The Business Journal
As many of its competitors struggled to survive the recession or failed altogether, Plastic Components, Inc. in Germantown experienced a sizable boost in business.
With the economy on the mend, the plastic injection molding firm's growth has become even more dramatic, leading to plans to open a second plant - one that is fully automated with zero employees - in the Washington County community.
Plastic Components had revenue growth of 37 percent in this year's first quarter compared with the same period last year, a trend that is likely to continue, said Thomas Duffey, the company's president.
The first-quarter performance followed a year in which the company's 2010 revenue shot up to about $15 million, a 32 percent increase over the prior year, according to company management.
Plastic Components made a major investment in information technology on the plant floor and in marketing and business development during the downturn, fostering the dramatic growth coming out of the recession, Duffey said. Investments totalled about $480,000, he said.
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