Many companies have struggled with the threats of the past decade or so like the recession, outsourcing, skills-gaps, and technology upgrades. This interview in Company Week depicts how Intertech Plastics fought through the struggles and came out on top. http://companyweek.com/company-profile/intertech-plastics
Reshore Archives - Intertech Plastics
Made In America
Re-shoring projects from Asia has helped grow Intertech Plastics, the economy, and the community. Read this inspiring story about what it means to be Made In America by Plastics Business. http://www.plasticsbusinessmag.com/stories/090313/intertech-plastics.shtml#.VHi6uDHF-ao
The Medical Manufacturing Industry is Booming
The medical manufacturing industry is booming and Intertech Plastics wants in. To hear more about Intertech’s acquisition of Image Molding and the creating of Intertech Medical, read this article from the Denver Business Journal. http://www.bizjournals.com/denver/news/2013/07/17/intertech-plastics-buys-image-molding.html
Intertech Plastics’ growth by bringing projects home from Asia
Rising labor costs in Asia, expensive freight, and long lead times are causing supply chain managers to re-think manufacturing overseas. Plastics News has a great article that talks about Intertech Plastics’ growth by bringing projects home from Asia. http://www.plasticsnews.com/article/20120201/NEWS/302019942/re-shoring-fuels-growth-at-colorado-molder-intertech-plastics
Growth with Product and Process Diversity
Molding a Better World
People often ask me what our tagline “molding a better world” means. Good question. The answer is it means something a little different to everyone, understanding first that not a grandiose claim of superiority, rather it’s much more personal than that. There are three primary outlooks relative to molding a better world; passion for products, global trends, and personal development, and a part of each is true inside each employee at Intertech Plastics.
The first is the passion that our employees share with our customers, about the products they produce. These injection molded products enhance lifestyles, they’re the products we buy and use, so to be a part of the production side is even more special. It’s about adding value, and as we add value to our clients with custom molded, assembled, printed, and distributed products, we are also adding value to our own lives.
The second aspect of molding a better world is reflective of the current global economy, and the trend we’re seeing with products being “reshored” from Pacific Rim vendors. Many US-based OEM’s are now realizing their products are better served by molding them in the United States, a reversal of the opinion from as recent as 10 years ago. Faster response times, confidentiality of intellectual property, and competitive pricing are among the reasons we’re seeing more molded programs return to the US, and how our domestic manufacturing improvements are molding a better world.
The final thought of this relative to personal development, and the contributions that Intertech Plastics has made and continues to make, both in its employees and community. Examples include the United Way, the Colorado I Have a Dream Foundation, and School to Career Initiative, all ways Intertech Plastics has engaged with local communities to foster both economic and professional development. Internally the commitment to employee development remains a very high priority, and the result is an engaged, committed, empowered staff excited to go to work. There is a long list of individuals who all have one thing in common- their lives have been enriched because of Intertech Plastics. And I’m happy to say I’m one of them.
Made in Colorado
It was a real treat yesterday to be a part of the April 16th Made In Colorado event, hosted by ColoradoBiz Magazine. It was even sweeter to see Intertech Plastics be recognized as “top 25” award finalist for its outstanding contributions in our community, something we’re very proud of here.
But even better was the discussions I had with several other business leaders, and the shared excitement and enthusiasm for Colorado manufacturing. The round table sessions that CAMA facilitated were very well received, and some great contacts were made by everyone present. It’s great to see we’re not alone in our endeavors to not only re-shore programs from Asia, but at the same time work to build sustainable jobs here in Colorado. And to be a part of this is not only inspiring, but truly special.
Perhaps the highlight of the day for me was seeing Denver Mayor Michael Hancock speak. It was the first time I’d heard him, but must confess his presence at the podium is something I’d like to experience again and again. His review of his JumpStart 2012 and JumpStart 2013 initiatives, his commitment towards DIA as a global commerce hub, and how this “aerotropolis” will lead to so much local development and growth for both current and future generations, was truly invigorating.
And the icing on the cake was being able to shake his hand afterwards, say thank you, and get a nice “keep up the good work” in return. Well you bet I will, Mr. Mayor, and that’s a promise. -tim
It’s great to be a part of something
It’s always fun to see your name in print, be interviewed for a story, and looked to as a thought leader for something. That in itself can be very validating. I had the experience to relive that joy earlier this week in a news release from Plastics Today, if you missed it here’s the link: http://www.plasticstoday.com/articles/intertech-adds-two-presses-central-chiller-response-reshored-business022520131
But better than this, what’s really special is to be a part of something here at Intertech Plastics. We can talk all day about the numbers behind why programs are moving back to the U.S., and we can speculate about all of the risks with sourcing in China, all reasons that compel us to mold and manufacture here in the States. However it’s quite another thing to actually see it happening- being able to see the tools, touch the products, and speak to the people actually working on the programs, then walk through a store in the midst of all the made in China products and be able to say “hey see that part?, we made that. In Denver.” This “re-shoring” thing you keep reading about is real, and seeing is first-hand is really something to be proud of. -tim