Welcome to Thomas Insights – we publish the latest news and analysis every day to keep our readers updated on what’s going on in the industry. Sign up here to receive the top stories of the day straight to your inbox.
A California contract plastics manufacturer is reportedly planning to build a new facility in Texas.
Plastikon, which provides injection molding, thermoforming, and other services to industries such as the automotive, pharmaceutical, medical, and consumer goods industries, has leased nearly 100,000 square feet on an industrial park in Kyle, Texas, the Austin Business Journal reports.
The report suggests the facility will produce components for Tesla’s upcoming Austin facility. Plastikon, based near Tesla’s Fremont, California, factory, already supplies products for Tesla.
Mark Petri, Plastikon’s executive vice president of sales and business development, told KVUE-TV that the company hopes to create 75-100 jobs initially and then add another 100 jobs by the end of the year in a second wave of hires. The facility is expected to open this fall.
Plastikon’s automotive products include exterior parts, interior trims, wrapping and injection molding systems, and under-the-hood components. The company also has facilities in Kansas, Kentucky and Michigan, as well as locations in China and Hong Kong.
The Business Journal found that hundreds of businesses could move into the Austin area to join Tesla’s local supply chain. According to the report, Simwon North America Corp., a bodybuilder, is planning a facility in the same industrial park.
Image Source: BoJack / Shutterstock.com
8 Industry Updates You Must Know About This Week [60-second Read]