The PLNI 17 Year Challenge of being first! Officially comes to an end.
What a dynasty James Turek held!
Change Resistance
One would think that with all the many benefits offered by Plasticon's products, people would be quick to embrace them and make them the new industry standards.
Not so. Since its inception, Jim has had to lead Plasticon through just about every conceivable challenge a growing company could possibly face. "It was an arduous process, there's no question about it," Jim tells us, "but it was worth it. We knew we had a vision that was worth pursuing." Lesser men would have folded. Not Jim. It's been a long, hard struggle these past 17 years - fraught with many personal and professional risks. He persevered and built a powerful operating base for Plasticon.
Sustainable Advantage
In any market, being first with a new product is only the foundation for a sustainable advantage. A company needs to constantly reinforce their advantage to keep it strong. Jim does that for his company in a number of ways. Plasticon goes to great lengths
to maintain its lead on the tech-nology front. With a reputation for being the Cadillac in quality, Plasticon sets the benchmark for all others to follow... and what little competition there is doesn't even come close. Beyond that is the company's reputation for innovation. Their "Redefining the Technology ofPlastic™" slogan puts everyone on notice that Plasticon is the leader and they intend to keep it that way. The company's patents alone are worth $20 million today. Plasticon has built' an inventory of injection molds that the company owns outright that are presently valued at over $5 million.
They've also launched new product lines, including highway signage. (Plasticon is currently the only company whose signage products are both approved and accepted in 37 states by their respective Departments of Trans-portation.)
Strategic Acquisitions and Relationships
Over the years, Jim has been strategically acquiring companies that have technology or markets that help reinforce Plasticon's own market advantage. Most notably, it acquired Pro Mold, Inc. in December, 2005 — one of the premier injection mold-ing facilities in the Midwest. The acquisition of this company dramatically increases Plasticon's
production capacity by $20 million. |
