Molders and companies that serve them in metro Milwaukee have found ways to reinvent their businesses, despite the recession.
The plastics industry, particularly the molding sector, has a rich history in southeastern Wisconsin. The region has been home to hundreds of injection molders, thermoformers and blow molders for decades, employing thousands of people.
The state’s manufacturing sector has been battered by the recession, losing about 60,500 jobs since December, 2007, according to the latest figures from the Center on Wisconsin Strategy.
However, some companies – including Nashotah-based Dickten Masch Plastics LLC (DMP) – have used the recession as an opportunity to reinvent themselves.
"As we took the idea of adding value to the (production) stream, we changed our strategic play where we focused on in the past,” said Steven Dyer, president and chief executive officer of the company. “We had a lot of people working real hard and doing a lot of things. We repurposed a lot of people – moved some of the seats on the bus and stretched our capabilities, reinvented our organization as we reinvented our mission statement: better products through broader perspective."
For more, read BizTimes Milwaukee’s Oct. 16 cover story.