
Industrial Molding Corp. Sold to Private Equity Firm - injection molding busines
Author:gly Date: 2024-09-30
With this particularly resource-efficient application for the packaging industry, special emphasis was placed on energy efficiency and on a part design that saves materials. Thanks to the all-electric packaging machine in combination with injection compression moulding, the energy footprint is improved by 20 per cent with a significant reduction in part weight from 13 to 10.8 grams. The special "Next Cycle IML" label can be completely separated from the cup's PP during recycling, so that the product can be recycled by type after use. In contrast to thermoforming, no pre-produced foils are used and no stamping waste is produced.
“We are thrilled to have John join our team,” said Alan Schultice, vice president of sales & marketing at Venture Plastics. “John’s exceptional ability to build trustful relationships with global key accounts and his experience in creating sustainable growth at senior levels align perfectly with our vision for expansion. We are confident that his contributions will be instrumental in driving our company’s continued success across diverse markets.”
Venture Plastics serves a wide range of key markets from both of its facilities, including Transportation, Agriculture, Appliance, Consumer, Power Back Up, Fuel Delivery, Telecommunications, Rail, Food Preparation, Point of Purchase, and Medical. The company has been a “Best in Class” supplier of custom injection moulding services since 1969, and its commitment to quality and innovation remains unwavering.
For reliable performance, a slimline design, and an unbeatable price, there is only one choice: the new ALLROUNDER 720 E GOLDEN ELECTRIC!
With 82,000 sq. ft. in Newton Falls, Ohio, including 57,000 sq. ft. dedicated to moulding, engineering and sales offices and 25,000 sq. ft. for warehousing. The El Paso location consists of a 60,000 sq. ft. moulding operation and warehouse. Venture Plastics is well positioned to meet the growing demands of its customers.
At its stand 3101 in Hall A3, ARBURG will be offering trade visitors nine exciting exhibits plus a whole host of information on sustainability, digitalisation and automation in the world of plastics. The fact that high-quality injection moulding technology can be an alternative to thermoforming will be demonstrated by an electric ALLROUNDER 720 A "Ultimate", for example, using injection compression moulding to produce thin-walled IML cups that can be easily recycled after use.
John Olley brings a wealth of experience to Venture Plastics, having worked with leading automotive companies such as Ford, TI Fluid Systems, Hutchinson, and others. His impressive track record includes managing a Chrysler L.L.C. Business Unit, where to secure new business opportunities he led a team of 20 cross-functional employees, including engineering, program management, and design. John is highly skilled at fostering strong customer relationships and ensuring both internal and external satisfaction.
The arburgXworld customer portal gives you access to a wide range of digital apps and features that make your daily work easier.
The exhibit uses a 4-cavity mould from Brink to produce thin-walled IML round cups from polypropylene (PP) using injection compression moulding. The flowpath/wall thickness ratio is 380:1. For process monitoring, the mould is equipped with six high-resolution inductive position measuring and embossing sensors. Four moulded parts, each weighing 10.4 grams and with a wall thickness of only 0.37 millimetres, are produced in a cycle time of 3.95 seconds. The plastic has a biomass footprint and ISCC-certified. Also integrated into the production cell is a side-entry robot from Brink that inserts the labels, removes the finished cups and stacks them on a conveyor belt.
Venture Plastics, a full-service, ISO/IATF 16949 certified custom thermoplastic injection moulder, has announced John Olley has joined the commercial team as director of new business development for both the Newton Falls, Ohio and El Paso, Texas operations.
Benefit from our expertise and lower the costs for your injection moulding production by optimising your energy requirement.
For reliable performance, a slimline design and an unbeatable price, there is only one choice: the new ALLROUNDER 720 E GOLDEN ELECTRIC!
GETTING A QUOTE WITH LK-MOULD IS FREE AND SIMPLE.
FIND MORE OF OUR SERVICES:


Plastic Molding

Rapid Prototyping

Pressure Die Casting

Parts Assembly
