Molders are in the same boat as other manufacturers when it comes to finding skilled employees, and for companies on a steep growth curve, like Xten Industries, a Kenosha, WI-based company with contract manufacturing plants in Kenosha and in Lockport, IL, the problem can be acute. As customers like the automotive OEMs and Tier 1 suppliers Xten serves demand more from their suppliers, a skilled workforce is critical to continued growth and success.
“Our customers are demanding more engineering help, more project management assistance and more communication regarding deliveries and inventories,” Xten’s CEO and co-founder, Matt Davidson, told PlasticsToday.
Currently, Xten is experiencing the largest and fastest expansion in its 70-year history, with sales growing from $4.4 million in 2002 to $19 million in 2011. The 2012 acquisition of Paramount Plastics (the Lockport, IL facility) added another $15 million in revenue, along with the challenges of operating two separate facilities that produce broadly different types of products. An additional $20 million annually in new business is transitioning to the company during the first quarter of 2013....