Elkhart, Ind.-based Performance Plastics, which supplies water and holding tanks to the RV industry, is expanding into a new 40,000-square-foot building that should be operational by the end of summer.
The South Bend Tribune reported that the additional space will mean a minimum of 15 jobs for the company, which now employs 56 people in 60,000 square feet of manufacturing space.
“We’re on top of each other,” said Gary Wright, owner and president of the company founded in 2000. “It’s very crowded.”
The new building, on an adjacent lot to its current facility, will be used for “secondary operations,” according to Wright. Workers will apply fittings that connect the tanks to the units and also test the tanks.
Wright said the company will lease the new building, which he estimated to cost about $750,000, and will invest $500,000 in equipment for the building.
According to Wright, Performance Plastics posted sales of about $5.5 million in 2005 and it is projecting sales of about $7 million in 2006.
“The last year has been phenomenal,” he said, noting Performance Plastics supplies product for the towable and motorized sectors.