What's New at PSI Molded Plastics

PSI Molded Plastics Invests $5 Million in Manufacturing Facility Expansion

Wolfeboro NH – February 10, 2025 – PSI Molded Plastics, a leading provider of custom injection molding and finishing services, announces a significant investment of $5 million in its manufacturing facility located in Marion, South Carolina. This investment marks a pivotal moment for the company as it expands its production capabilities to meet growing demand and enhance customer satisfaction.

The investment is primarily focused on plant expansion and the acquisition of state-of-the-art molding presses, further fortifying PSI Molded Plastics' position as a leader in the industry. These additions will not only increase production capacity but also enable the company to offer enhanced services and deliver superior-quality products to its customers.

"This investment underscores our commitment to innovation, quality, and customer satisfaction," said Bob Muir, President and CEO at PSI Molded Plastics. "By expanding our manufacturing facility and incorporating advanced molding presses, we are poised to meet the evolving needs of our customers while maintaining the highest standards of excellence."

The expansion of the manufacturing facility will create job opportunities within the local community and contribute to economic growth. It reinforces PSI Molded Plastics' dedication to supporting the communities in which it operates.

With this significant investment, PSI Molded Plastics reaffirms its position as an industry leader committed to delivering innovative solutions and superior products to its customers worldwide.

For more information about PSI Molded Plastics and its products, visit www.psimp.com.

About PSI Molded Plastics: PSI Molded Plastics is a custom injection molder, providing our customers with small to large molded parts, post mold finishing and value add assembly. With manufacturing locations in SC, IN and NH, we support low to high volume requirements, have extensive molding and finishing capabilities and supply solutions tailored to each customers’ needs.

Media Contact: Crystal Corey, Sales & Marketing, PSI Molded Plastics
crystal.corey@psimp.com

5 Wickers Drive, Wolfeboro NH 03894 | www.psimp.com |

PSI East (Wolfeboro, NH) Receives Excellence in Quality Award

GI Plastek, the previous name of PSI East and one of Wolfeboro’s largest employers has received the 2016 Excellence in Quality Award from customer Raymond Corporation, a division of Toyota. Raymond is the leading global provider of lift truck, forklift and material handling solutions that improve warehouse management and forklift fleet productivity.

The Excellence in Quality Award is given to suppliers who make significant contribution to support the quality process at Raymond.

Daniel Mills, President and CEO of GI Plastek congratulated the entire GI Plastek team and stated, "I am very pleased to announce that I was asked to accept the 2016 Excellence in Quality Award for GI Plastek Wolfeboro's efforts in supporting our key customer Raymond. This is an amazing honor and all of you should be proud of your efforts."

GI Plastek specializes in large to medium, high aesthetic complex molded products that provide added value in a one-stop-shop environment. Core capabilities include standard injection molding, structural foam molding, gas assist and gas counter pressure molding, finishing, painting, EMI shielding, assembly, and graphics.

In 2014, a $3+ million plant expansion added over 30,000 square feet of manufacturing and office space and positioned the business for future growth. We are now investing over $2+ million to add two large tonnage injection molding machines to increase our molding output and are replacing our current paint line with a larger capacity, enhanced capability system.

GI Plastek employs over 130 people at the manufacturing facility on Wickers Drive in Wolfeboro.

If you would like more information about this topic, please contact Rick Collopy at 603.941.0014 or email at rcollopy@psimp.com.