Wednesday, 10 December 2008 17:32
Since 2006, PolymerOhio has worked with an Ohio company which has a new material for food packaging to assist them in growing their business. PolymerOhio works with many similar polymer companies in Ohio every day, helping them realize about $1M in benefits per month PolymerOhio worked extensively with this new company, which relocated to Ohio from outside the U.S. We assisted the company with everything from identifying sources of materials and equipment to connecting them to companies interested in investing and companies who had applications for their product PolymerOhio helped this company advance to a stage of testing their products. Test samples were produced by graduate students at The Ohio State University College of Engineering, which also provided materials and test equipment.
How can PolymerOhio assist your company? Our resources are all experienced in managing polymer-based businesses and in leading polymer research and development. We can connect you to industry resources who will help your company grow and become more profitable.
From a 186,000 square foot facility located in the midst of Ohioís Amish community, one company, specializing in injecting molding, has benefited from working with PolymerOhio for several years. This company, in business for almost 60 years, serves many markets which include banking and ATM, retail, agricultural, point-of-purchase, telecommunications and building and construction.
PolymerOhio provided strategy and planning consulting to this company. In addition, PolymerOhio networked these owners with several other PolymerOhio companies, who also provided consulting and assistance in several areas.
This company was introduced to the Ohio Department of Development, which eventually led to a loan of approximately $1.3M, enabling the purchase of a new piece of machinery. State funding of $40,000 accompanied this loan, and was used for travel associated with the project. Due to the overwhelming success realized by the purchase of the first piece of machinery, this company invested an additional $1.3M in a second.
Due to their work with PolymerOhio, this company realized a sales increase of $4,000,000 and a cost reduction of $200,000, with investments of $2.6M.