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Tech Molded Plastics Wins Processor of the Year Award

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Contributed by The Gallery Studios
Robert Grace, associate publisher of Plastics News, with Doug, Mark, Scott and Eva Hanaway, and William Carteaux, president of the Society of the Plastics Industry Inc.

WESLEY CHAPEL, FloridaTech Molded Plastics Inc., a custom injection molder in Meadville, Pennsylvania, has won the Plastics News Processor of the Year Award.

Tech Molded Plastics won the award over other finalists — both custom injection molders — AMA Plastics Inc. of Riverside, Calif., and Protoplast Inc. of Cobourg, Ontario.

Tech Molded Plastics, owned by the Hanaway family, generated sales of $17.7 million in 2013, molding small, precision parts for the automotive, electronics and medical markets. The company employs 120 people, including 90 in the molding area and 30 toolmakers.

Tech Molded Plastics runs 32 injection molding machines, with clamping forces topping out at 440 tons.

Brothers Scott, Mark and Doug Hanaway accepted the award, as well as their mother, Eva.

Judges evaluated all candidates on seven criteria: financial performance, quality, customer relations, employee relations, environmental performance, industry/public service and technological innovation. Senior reporter Bill Bregar, who coordinates the Processor of the Year Award, visited the three finalists at their facility to interview and audit against the criteria.

The Processor of the Year Award started in 1996 and has featured companies large and small that exhibit best in practice performance within the seven categories of criteria. Tech Molded Plastics, Inc. has been honored with the distinguished award.

Tech Molded Plastics, Inc was founded by William and Eva Hanaway in 1973. Tech celebrates more than 40 years of precision manufacturing services in injection mold design through full service production of custom molded plastics. Problem solving talent has grown the company from a small garage shop to an international operation that ships products to countries across the globe.

The Processor of the Year Award is sponsored by the Washington-based Society of the Plastics Industry Inc.