Port Washington manufacturer to expand

Molded Dimensions Inc. plans to add a 24,955-square-foot building, with 20,604 square feet of industrial space and 4,351 square feet of office space, to its existing property at 701 Sunset Road, Port Washington. The company engineers and molds custom rubber and polyurethane mechanical parts for OEM and aftermarket industries. The new facility will be used for polyurethane part manufacturing and the company’s existing facility will be used for rubber part manufacturing. This week, Wisconsin Gov. Jim Doyle announced that the state will provide a $3 million industrial revenue bond allocation to Molded Dimension for the expansion project, which will create 30 jobs. Industrial revenue bonds are free of federal tax issued by local governments, and the proceeds are loaned to new or expanding businesses for development projects. The interest rate is generally below the going prime rate.