OnePlastics Group Invests $9 million at Protech Plastics in Shanghai & Ireland

One of the world’s fastest growing plastics companies has continued to strengthen its global position as a market leader with a multi-million dollar investment in manufacturing facilities in China and Ireland.

OnePlastics Group has expanded its production capabilities with a $9 million investment at its Protech Plastics business in Shanghai and Ireland.

This strategic move will see the facilities at Protech Plastics China double in size to 50,000sf to cater for rising customer demand. The facility currently supplies engineering products to the high tech computer industry.

The latest investment is another sign of the group’s long-term strategy to position its portfolio of six businesses into global industry leaders in their respective sectors.

Over the last 12 months, OnePlastics Group has invested millions on new machinery as it looks to build on its position as one of the fastest-growing businesses in the sector.

Donagh Murphy, Director of Operations, China and Ireland, said the multi-million dollar investments in the Protech brand represented an exciting phase in the future growth of its businesses.

He said: “OnePlastics Group are driven by becoming a world-class leader in all of the businesses within the portfolio and create revolutionary products in the sectors we operate in.

“This investment is key in our aim into building Protech Plastics China into an industry leader in the design and manufacture of innovative plastics product solutions for our clients in the high tech computer industry.

“We are building the Protech Plastics China business for future growth and this investment in Shanghai is a sign of our commitment to the plastics industry.”

The Protech Plastics China investment will allow the factory to react to market demand with the latest innovative products.  The Shanghai factory also provides high volume assembly and complete supply chain management to its multinational clients.

As part of this latest investment, the sister firm in the Protech stable in Ireland called Protech Performance Plastics will also develop a state of the art food grade manufacturing facility with new machinery and automation tools.

OnePlastics Group is owned by One51plc, based in Ireland, which created the new brand which saw six manufacturing businesses and one design office in the US come together under one umbrella with a vision to be the leading provider of plastics products to a variety of sectors.

OnePlastics Group boasts a combined turnover of around $165 million employing 450 people servicing a range of blue chip multinationals. It designs and manufactures a range of products across a number of key markets and sectors and  also offers full contract manufacturing and related services.

The six businesses that comprise OnePlastics Group include Straight Ltd, MGB Plastics, AAC Plastics and Protech Performance Containers in the UK. Protech Performance Plastics in Ireland and Protech Plastics China in Shanghai complete the portfolio. It has also created a design office in Boston, USA.

For more information, visit: www.oneplastics.com

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