Precision Molder | injection molding

The leading global precision plastics injection molder, stated in February that restructuring of its Corporate and U.S. operations is to accommodate the changing global demands and a tight U.S. economy. A combination of redirection of project funding, selected headcount reduction and hiring into new positions will take place over the next 30 days. Brian S. Jones, president, made the announcement.

A company spokesman said that Nypro is simply following its customers, since it typically assembles products for customers within a few hundred miles of the customers' plants.

Although its local fortunes are apparently waning, Nypro's worldwide presence is mushrooming. For its fiscal year that ended last June 30, Nypro reaped $808 million in revenue. During the prior fiscal year, Nypro logged revenue of $589.6 million. The company had 9,000 workers worldwide at the end of fiscal 2002, and it counts 11,000 now.

New positions to be filled are designed to provide 'continuous improvement' support to customers in such areas as product design, automation and lean manufacturing. Several such specialized positions already have been filled during the current quarter.

Positions being reduced include approximately 40 at the company’s headquarters plant in Clinton, or about 4% of the total 1000 jobs here, plus another 10-15 positions elsewhere in the United States. Nypro operates 27 companies employing about 4000 people in the United States. In Clinton, Nypro will continue to utilize its contracted outside temporary service, Remedy, to fill temporary factory positions that are affected by fluctuating workload demands. Also in Clinton, Nypro is constructing an $8 million Technology Center attached to its headquarters factory that will serve the technology needs of all 59 Nypro companies in 15 countries and will create an estimated 100 new jobs after completion.

One of those other things is lean manufacturing -- a low-inventory, low-cost approach to production. Using that strategy, manufacturing companies are much less likely to produce jobs during flush times than in prior decades, said Jack Healy, director of operations for Worcester-based Massachusetts Manufacturing Extension Partnership.

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For further information please contact:
Nypro Inc. 101 Union Street Clinton, MA 01510
978.365.9721 phone
978.368.0236 fax
Online Contact Form: http://www.nypro.com/contact/contact.htm
Email: information@nypro.com
Nypro http://www.nypro.com/

Thanks to the Boston Business Journal

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