What is Automation Plastics?
Automation Plastics Corporation, established in 1980 and headquartered near Cleveland, Ohio, is a specialized custom molder of thermoplastic injection molded parts. The company excels in high-volume production of precision plastics, including tight-tolerance functional components and heavy-wall parts for specialty fittings. Operating from an 80,000+ square foot facility, Automation Plastics leverages over 100 employees and 40 horizontal injection presses to offer a comprehensive suite of services. These include precision plastic machining, automation and assembly, tooling and maintenance, and engineering support. Their client portfolio spans diverse commercial and industrial markets, with a consistent focus on delivering superior quality and innovative manufacturing solutions.
How much funding has Automation Plastics raised?
Automation Plastics has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Automation Plastics
PPP
Public-Private Partnership
What's next for Automation Plastics?
The recent major strategic investment signals a pivotal growth phase for Automation Plastics, likely enabling expansion of its manufacturing capabilities, technological advancements in automation, or penetration into new market segments. This capital infusion is expected to bolster its position as a key provider of precision plastic components, potentially facilitating further innovation in tooling, engineering support, and assembly services. The company's trajectory suggests a continued emphasis on high-volume, precision molding for demanding industrial applications.
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