December 19, 2006

Ironwood Plastics

4th Quarter 2006 Newsletter

website: http://www.ironwood.com

QUICK FACTS:

Sales Information:

Year Ended April 30, 2006:     $27,800,000% up 14%

Employment:

Ironwood: 165

Two Rivers: 50

Total Employment: 215

Upcoming Trade Shows:

SAE Show                   Detroit, MI                        April 16-19, 2007             Booth# 1116

Design Engineering Show  Chicago, IL                             September 25-27, 2007        Booth# 4642

Snowfall Information:

2006-2007 Snowfall             54.8" to date

2005-2006 Snowfall             203.2" total

2004-2005 Snowfall         162.3" total

2003-2004 Snowfall         200.3" total

 

 

Ironwood Plastics, Inc.

       Ironwood Division       1235 Wall Street
Ironwood, MI 49938
Phone: (906) 932-5025

       Two Rivers Division       2800 18th Street
Two Rivers, WI  54241 
Phone: (920) 793-3060

 

Challenge Us! - Brand Unveiled

by: Mark Stephens, Co-President

What is it that sums up a company? Our strengths are engineering expertise, customer service and excellent quality. But how do you sum that all up in two words? After some soul searching, a common theme kept coming up - we enjoy doing the things that our competitors either shy away from or run from. Our guys get bored with the same stuff and are always challenging me to find a project out of the ordinary.

 

It has been that mentality that has allowed us to enter the reel-to-reel molding arena 10 years ago and the Foam-in-place market in 2004. We had no knowledge of either process- only a customer with a need and the confidence that we could figure it out…..in a timely manner.

 

 

 

Challenge Us!  was born and was the theme of our new booth design at the recent MD&M show inMinneapolis. I wish I could say that the guy going over the waterfalls in a kayak was me, but unfortunately, it isn’t.

 

As we move into 2007, we continue to feel that developing new processes while emphasizing our strengths will keep us strong. So, challenge us. You might be pleasantly surprised by our willingness to jump into uncharted waters.


     Off-Shore Tooling Update    

by: Jim Baker, Senior Tooling Engineer

A year ago, I would have never guessed at my massive involvement in off-shore tooling. As a toolmaker by trade, I have an inherent amount of pride in US manufacturing. When Mark Stephens and I went to China in April/06, I knew I would need a lot of convincing.

 

 

 

Now, eight months later, I have been involved in six mold projects with three vendors out of the five we approved. My thoughts follow:

 

  1. Quality is good. Overall, quality of the molds we built in China have been good. Most problems were fixed in a couple of hours in our shop. Usually, the problems were of the nitpicky variety: threaded Knock-out bars were omitted in the ejector plate, a pressure transducer was cut, etc. One of the molds did have a few areas that needed more tool work than I expected, but we fixed the problem and got back on track within a few days. Our vendor responded quickly to all of my findings and will be considered for future business.
  2. Communications are a struggle. Most of the time, I have found e-mail works best. I now take the time to send written instructions along with sketches where needed. Sketches have definitely helped bridge the language gap. I find it best to follow up and document our agreements to ensure all involved have a clear picture of our needs.
  3. Projects have been on time - mostly. One delivery was blown by two weeks, which was mostly attributable to the design phase. I have learned to be very aggressive during this phase of a program and am more involved than I am with US sources. US Customs has been less of a an influence on the delivery of the molds than  expected. Further work will be needed to fine tune the trucking of the molds to us once they clear customs.
  4. Customers have been happy. They especially like that Ironwood stands behind an off-shore tool with the same life-time guarantee as a US-built tool. They also are enjoying the 30% savings.  

The parts in the photo are the results of two single cavity molds with some complicated telescopes and shut-offs. They were completed on time: 8 weeks from China , 11 weeks to the customer, including a capability study and Level III PPAP (performed by our staff).

As we go forward, I expect more and more confidence by our customer to request off-shore tooling. In several cases, we have declined to source a tool in Asia due to complexity, but I expect to see continuing gains in expertise by our sources.

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