LS Mtron invested more than $20 million in a new facility in Palestine, Texas, to demonstrate and stock its injection molding machines, build LS tractors and improve logistics for the South Korean firm, reports Plastics News.
According to the report, the Texas location was renovated and has room for expansion and future potential production of LS Mtron machines. The report goes on to state:
As part of another investment, LS Mtron opened a 210,000-square-foor facility to produce LS Tractors and house the LS Injection Molding Machine's (LS IMM) division's third U.S. technical center. The other two are in Wood Dale, Ill., and Duluth, Ga., near Atlanta.
LS Mtron also builds more than 12,000 tractors a year at its Battleboro, N.C., factory. The new Texas facility is expected to double U.S. production with another 12,000 tractors.
Texas is a strategic location for both LS Tractors and LS injection molding machines, according to Peter Gardner, president of LS Mtron Injection Molding Machines USA.
There are about 50,000 small- to medium-range farm tractors purchased in Texas each year, according to John Grooms, U.S. vice president of sales for LS Tractor.
"Shipping into the Port of Houston is cost effective, and Palestine, Texas, is a great location for shipping machines to our customers in Texas and Mexico," Gardner said. "In fact, one of our largest customers, US Merchants, is in Houston. We have many others, such as NICOR Inc., MVP Plastics and more in Texas as well as a large customer in base in Mexico, with over 1,000 machines installed."
You can find the full report here.
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