Micro Plastics goes macro with Arkansas expansion
MELBOURNE, Ark. — Nylon fastener maker Micro Plastics is expanding its north central Arkansas plant with a $2.4 million investment, and plans to add 79 jobs in the next five years.
The company, which produces threaded nylon fasteners, will begin production at the expanded plant in the first quarter of 2016.
“This year is the 40th anniversary of our move to Arkansas,” Tom Hill, president of Micro Plastics, said in a statement provided by the Arkansas Economic Development Commission. “In that time we’ve grown from 15 employees to nearly 400 at our plant in Flippin. “We are plotting our future for continued success and growth and we are looking forward to the Melbourne plant and community being a major part of that.”
The company has a headquarters and manufacturing facility in Flippin, employing 387 people. The Flippin plant has 93 plastic injection molding machines which produce plastic components for industry and retail, including nylon hardware such as screws and nuts, electronic components, and cable ties.
“For almost half a century, Micro Plastics has been a leader in the plastics sector,” said Gov. Asa Hutchinson. “When the company moved their headquarters from Illinois to Arkansas, they were looking for a location and workforce that would foster continued success. They found that here. Today we celebrate Micro Plastics and thank them for their ongoing commitment to doing business in Arkansas.”
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Source: The City Wire