LOCATION: 9600 55th St. Kenosha, WI 53144
WEB SITE: www.xtenindustries.com
YEAR FOUNDED: 1940
PRODUCT OR SERVICE OFFERED: Xten Industries is a value-added contract-manufacturer and injection molder providing service to hundreds of successful manufacturers. Xten offers a complete package of options to design, build, ship and service products.
PROJECTED 2008 REVENUE: $19 million
LEADERSHIP TEAM: Matt Davidson, chief executive officer; Bill Renick, vice president operations; Conrad Hauser, vice president sales; Mark Dirr, director of engineering; Tina McDonie, customer fufillment manager; and Rob Korpela, production manager.
TARGET CLIENTELE: Manufacturing and distribution companies selling products in North America. Our target companies are seeking outsourcing options and molding excellence
BUSINESS ORGANIZATION MEMBERSHIPS: Kenosha Area Business Alliance (KABA); Prime Advantage; and Society of Petroleum Engineers (SPE)
WHAT HAS FUELED YOUR COMPANY’S GROWTH? The key to Xten’s growth is the people that work here. Xten is known for its, "can do", attitude and the knowledgeable team that works, each day, keeping customers satisfied. Great attitude, great customer service and great products – all this ads up to a company and team that almost always exceed customers’ expectations. And of course, we make terrific plastic parts, deliver them on time, at a reasonable cost and have fun along the way.
WHAT IS THE BIGGEST OBSTACLE TO YOUR COMPANY’S GROWTH? The biggest obstacle to Xten’s growth is capital. It costs money to grow this fast.
DO YOU PLAN ANY CHANGES IN YOUR COMPANY IN THE UPCOMING MONTHS? Xten continues to grow and improve in many ways. With sufficient capital, we plan to install more automation (robots) and additional molding machines to meet new customer needs. We are also growing our team by hiring additional engineering and quality control personnel.
WHO ARE THE BUSINESS PEOPLE, LOCALLY OR NATIONALLY, WHOM YOU ADMIRE? AND WHAT TRAITS DO THOSE PEOPLE EXHIBIT THAT MAKE YOU ADMIRE THEM? Two of my personal heroes are Wisconsin local roofing/construction legend, Ken Henricks, and oil and takeover legend, T. Boone Pickens. Henricks set the example for working hard and dreaming big. He worked from the bottom up and always kept his Midwest core values close. Before his death in 2007, Henricks was known for his business savvy, for giving back to the community and for being committed to his company and employees. He was considered a visionary business leader and he made a ton of money. In the 1980s, T. Boone Pickens was known as a takeover operator, when he took his oil company, Mesa Petroleum, to new heights via acquisitions, mergers and buyouts. He was always a step ahead and knew when to strike a deal and when to develop on his own. As the oil era winds down, Pickens is out in front promoting the use of alternative energy. He has invested over $2 billion in new wind farms and plans to do more — all at age 84! Pickens, like Henricks, is an example of a person rising up, through hard work and dedication, using brains and experience to better themselves and their community.
WHAT IS THE OUTLOOK FOR THE BUSINESS CONDITIONS OF YOUR INDUSTRY OVER THE NEXT SEVERAL MONTHS? The outlook for plastic injection molding is poor in the U.S., while Xten’s contract manufacturing strengths are looking positive. As manufacturing gets tougher, more producers are outsourcing their production, and as the dollar drops and fuel costs rise, more companies are looking for outsourcing opportunities in the U.S. Increasingly, companies traditionally exporting their products to the US are now looking to make these products in the U.S. Xten is here to help them.