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GI Plastek to add Baltimore moulding plant

By Joseph Pryweller, UT Akron BureauBaltimore, Maryland-GI Plastek, a maker of injection and reaction injection molded plastic and polyurethane parts, will open a new facility in Baltimore on the site of a former public housing project, according to the city’s economic development agency.The company will create 60 jobs at the site, expected to open next year, according to a news release from the Baltimore Development Corp. Officials from the development group did not return several telephone calls. A GI Plastek official declined to comment.Baltimore-based Hollander Rock llc, comprised of four local real-estate developers, won an18 Nov. bid to develop the business park, called Hollander Ridge. The firm plans to spend $32.1 million to construct five buildings totalling 47 500 m2 of manufacturing, office and retail space, according to Baltimore Development, and GI Plastek will be the anchor tenant in the new industrial park.Hollander Rock could not be reached for comment.Baltimore officials had asked the US Department of Housing and Urban Development for approval to change the housing project into a business park, a process that began in October 2003. Hollander Rock expects the park to create 462 jobs, the release said.GI Plastek has manufacturing sites at its Newburyport, Massachusetts, headquarters; and in Marysville, Ohio; DeWitt, Iowa; and Wolfeboro, New Hampshire. The company ranked 88th on a list compiled by Urethanes Technology’s sister magazine Plastics News’ injection moulders ranking with $71.2 million in 2003 sales.”

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