montrose molders corp
DESCRIPTION
An in depth look at Montrose Molders CorpTRANSCRIPT
Today we’ll take you inside MMC◦ History◦ Capabilities◦ Financials◦ Quality◦ Client Relations◦ Employee Relations◦ Going Green◦ Technological
Advancements◦ What the future holds
Montrose Molders; an in-depth look
1966◦ William B. Wilson incorporates CPC as 22 man tight
tolerance tool shop
History
1966◦ William B. Wilson incorporates CPC as 22 man tight
tolerance tool shop 1973
◦ Montrose Molders Corp incorporated to provide Injection Molding Services to CPC’s clients
History
1966◦ William B. Wilson incorporates CPC as 22 man tight
tolerance tool shop 1973
◦ Montrose Molders Corp incorporated to provide Injection Molding Services to CPC’s clients
Over the next 25 years..◦ The two sister companies shared paralleled growth ◦ Extending into 21st century with sales in excess of $15
million
History
1966◦ William B. Wilson incorporates CPC as 22 man tight
tolerance tool shop 1973
◦ Montrose Molders Corp incorporated to provide Injection Molding Services to CPC’s clients
Over the next 25 years..◦ The two sister companies shared paralleled growth ◦ Extending into 21st century with sales in excess of $15
million 2005
◦ William H. Wilson sits at the helm as President and CEO
History
1966◦ William B. Wilson incorporates CPC as 22 man tight
tolerance tool shop 1973
◦ Montrose Molders Corp incorporated to provide Injection Molding Services to CPC’s clients
Over the next 25 years..◦ The two sister companies shared paralleled growth ◦ Extending into 21st century with sales in excess of $15
million 2005
◦ William H. Wilson sits at the helm as President and CEO 2009
◦ CPC is merged into her larger sibling and today operate as Montrose Molders Corp.
History
Montrose’s network extends beyond oceans◦ Alliances in China,
Portugal, and the U.S.
Today
Montrose’s network extends beyond oceans◦ Alliances in China, Portugal, and
the U.S. Serves all processing needs
under one roof◦ Part and tool engineering and
design◦ Tool making – in house and
abroad◦ Injection molding
Presses range in size from 30 ton to 1,000 ton
◦ Part assembly◦ Part Decoration
Pad Printing Hot Stamping◦ Packaging
Today
Aggressive Sales Growth◦ Sales growth in each of the last 5 years
Advisory Board◦ Meets quarterly and keeps executives responsible for setting and
meeting financial goals Internal Audit System
◦ Created as a response to growth in customer base, sales, and purchases
Financials
Aggressive Sales Growth◦ Sales growth in each of the last 5 years
Advisory Board◦ Meets quarterly and keeps executive responsible for setting and
meeting financial goals Internal Audit System
◦ Created as a response to growth in customer base, sales, and purchases
Financials
Year 2005 2006 2007 2008 2009
Revenue $10,324,235 $11,883,183 $13,404,214 $16,657,560 $17,357,230
% Increase from previous year
- 10% 12% 20% 5%*
MMC Quality System◦ Based off ANSI/ISO/ASQ Q9000-2000 American
National Quality Standards◦ Designed and Maintained by Quality Director,
Bill Roche
MMC Quality Systems
1. Incoming Inspection◦ Utilize supplier-provided Certificates of Compliance
for raw materials◦ Colors measured using spectrophotometer
MMC Quality Systems
1. Incoming Inspection◦ Utilize supplier-provided Certificates of Compliance
for raw materials◦ Colors measured using spectrophotometer
2. First Piece Inspection◦ First shots are compared to pre-approved samples◦ Dimension and functional tests conducted
MMC Quality Systems
1. Incoming Inspection◦ Utilize supplier-provided Certificates of Compliance for
raw materials◦ Colors measured using spectrophotometer
2. First Piece Inspection◦ First shots are compared to pre-approved samples◦ Dimension and functional tests conducted
3. In Process Inspection◦ Control plans call for close evaluation to ensure
conformance
MMC Quality Systems
1. Incoming Inspection◦ Utilize supplier-provided Certificates of Compliance for
raw materials◦ Colors measured using spectrophotometer
2. First Piece Inspection◦ First shots are compared to pre-approved samples◦ Dimension and functional tests conducted
3. In Process Inspection◦ Control plans call for close evaluation to ensure
conformance
4. Final Inspection◦ Formal samples drawn from production lots to ensure
conformance
MMC Quality Systems
Month M$ Invoiced M$ Credit Memo Percent
Sep-08 1333.41 0.177 0.01%
Oct-08 1411.78 1.053 0.07%
Nov-08 1329.54 0.119 0.01%
Dec-08 1596.91 0 0.00%
Jan-09 1650.43 0 0.00%
Feb-09 1380.18 1.812 0.13%
Mar-09 1174.55 0 0.00%
Apr-09 1169.85 3.898 0.33%
May-09 1192.63 0 0.00%
Jun-09 1381.94 0 0.00%
Jul-09 1087.46 2.509 0.23%
Aug-09 1203.71 0 0.00%
Sep-09 1067.37 0.15 0.01%
Oct-09
Nov-09
Dec-09
Cum 16979.75 9.718 0.06%
MMC Quality SystemsPercent Customer Returns
Operating in a highly standardized industry, Montrose knows the importance of adding value and exceeding client expectations◦ Each new client assigned a Project Manager
Remains only a phone call away for life of project Montrose believes in transparent relationship
◦ Client Loyalty Over 90% sales in ‘09 attributed to repeat business
◦ Expanding client base 10 new clients added in ‘09
◦ Expanding sales force In order to support expansion, sales team grew by one
member – John Comune
Client Relations
Employee of the Month
Employee Relations
Employee of the Month Recognize Longevity
Employee Relations
Employee of the Month Recognize Longevity Dept of Labor On-Site Training Grant
◦ Up to $2,400 allotted to each employee for on-site training◦ Currently employing this for “English as a 2nd Language” for non-English
speaking employees
Employee Relations
Employee of the Month Recognize Longevity Dept of Labor On-Site Training Grant
◦ Up to $2,400 allotted to each employee for on-site training◦ Currently employing this for “English as a 2nd Language” for non-English speaking
employees ADP Human Resources
◦ Customized benefit packages according to needs◦ Track personal compensation◦ Apply for available positions◦ Enroll in available training programs
Employee Relations
Employee of the Month Recognize Longevity Dept of Labor On-Site Training Grant
◦ Up to $2,400 allotted to each employee for on-site training◦ Currently employing this for “English as a 2nd Language” for non-English
speaking employees ADP Human Resources
◦ Customized benefit packages according to needs◦ Track personal compensation◦ Apply for available positions◦ Enroll in available training programs
Retirement◦ Nationwide Safe Harbor 401(k) matching program
Employee Relations
Employee of the Month Recognize Longevity Dept of Labor On-Site Training Grant
◦ Up to $2,400 allotted to each employee for on-site training◦ Currently employing this for “English as a 2nd Language” for non-English speaking
employees ADP Human Resources
◦ Customized benefit packages according to needs◦ Track personal compensation◦ Apply for available positions◦ Enroll in available training programs
Retirement◦ Nationwide Safe Harbor 401(k) matching program
Recession Response◦ There were no wage freezes◦ No salary cuts◦ No lay offs◦ No decrease in 401(k) match
Employee Relations
Prescriptive Lighting◦ Increased lighting efficiency 60%◦ Saved $33,000 annually
Environmental Initiatives
Prescriptive Lighting◦ Increased lighting efficiency 60%◦ Saved $33,000 annually
Hybrid Type Injection Presses◦ Nissei FNX-80 energy efficient
presses reduce electricity consumption
Environmental Initiatives
Prescriptive Lighting◦ Increased lighting efficiency 60%◦ Saved $33,000 annually
Hybrid Type Injection Presses◦ Nissei FNX-80 energy efficient
presses reduce electricity consumption
Solar Panel System◦ In planning phase of 700 kilo-watt
solar system that would reduce total electricity demand by 65%
Environmental Initiatives
Prescriptive Lighting◦ Increased lighting efficiency 60%◦ Saved $33,000 annually
Hybrid Type Injection Presses◦ Nissei FNX-80 energy efficient
presses reduce electricity consumption
Solar Panel System◦ In planning phase of 700 kilo-
watt solar system that would reduce total electricity demand by 65%
Recycling◦ Consumable in house recycling◦ Responsible recycling of resin
reground from defects and runners
Environmental Initiatives
Penn State Dance Marathon◦ A philanthropy that raises
money to find a cure for pediatric cancer
Juvenile Diabetes Research Foundation◦ A charity that strives to find a
cure for childhood diabetes Youth Athletic Leagues
◦ North Plainfield soccer league◦ Bethlehem Township
recreation baseball league◦ Easton Area Wrestling Club
Local police and fire departments
Public Services
Mas 90 ◦ ERP and accounting software
Technological Advancements
Mas 90 ◦ ERP and accounting
software Warehouse
Management◦ Scanco bar-coding system
Technological Advancements
Mas 90 ◦ ERP and accounting
software Warehouse
Management◦ Scanco bar-coding system
Bear Tracker◦ Remotely monitor
efficiency of each press
Technological Advancements
Mas 90 ◦ ERP and accounting
software Warehouse
Management◦ Scanco bar-coding system
Bear Tracker◦ Remotely monitor
efficiency of each press New Presses
◦ Newer, larger, more efficient Nissei injection presses
Technological Advancements
Montrose Molders Corp. going forward◦ Continue capital
investments to improve efficiency
◦ Continue annual sales growth of at least 5%
◦ Solidify Supplier Relationships
◦ Continue to grow both organically and through strategic acquisition
The Future…
Todd Nicolay – VP Sales◦ [email protected]
John Comune – Sales◦ [email protected]
Brendan Wilson – VP Operations◦ [email protected]
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