The recession hit PRISM Plastics hard, just like it did the rest of the manufacturers in the automotive supplier world.
That was 2008. The next year the Chesterfield Township-based company notched $5 million in revenue. It hit $8 million in 2010 and $12 million in 2011. Revenues spiked to $18 million last year and the company is on track to reach $24 million in 2013, and $30 million next year.
"We have been on an attractive growth spurt since the 2009 recovery," says Gerry Phillips, vice president of PRISM Plastics
The 14-year-old company makes seat belts, air bags and brake parts. It has operations in Chesterfield, Texas and Port Huron. The firm has a workforce of 62 employees and one intern. It has hired six people over the last year and has another six positions open now for engineers and technicians.
"Everything we do is automated," Phillips says. "All of our manufacturing positions are higher-level technician positions."
Source: Gerry Phillips, vice president of PRISM Plastics
Writer: Jon Zemke
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