Injection molding is in high demand, with the global market expanding at a compound annual growth rate of 6 percent, on track to be worth $212.82 million by 2025. As the need for plastic injection molding grows, many companies are outsourcing their needs to plastic mold companies. But at Universal Plastic Mold, we’ve found some advantages in handling our plastic molding for our clients in-house instead of outsourcing it. Here are three of the top reasons we don’t outsource plastic fabrication.
Quality control is one of the biggest reasons we prefer to keep our plastic molding in-house. We have over half a century of experience in the plastic molding business, and throughout our existence, we’ve placed a high premium on quality. We know how to do plastic molding the right way, and we know what mistakes to guard against. Our quality management system is ISO 9001:2008-certified and ISO/TS 16949-compliant. This means our quality controls have been certified by an independent registrar to measure up to the standards of the International Organization for Standardization.
We use our expertise in quality control to deliver the best service to our clients. We work closely with each client to ascertain their unique needs and understand their goals and requirements before we begin a project. Our facility operates 24/7/365 to make sure our products meet the quality levels demanded by our customers. Keeping our molding in-house ensures that we can directly supervise production to ensure on-time delivery of a quality product to our customers.
Cost is another reason we do our own plastic mold injection. Most companies who outsource their plastic production don’t have the equipment and expertise to do their own plastic molding, so for them, outsourcing represents a way to save money. Because we specialize in plastic injection molding, we already have the equipment we need for the job. Thanks to the volume we produce, it’s actually less expensive for us in the long run to invest in our own equipment and workforce than it is to outsource.
UPM passes these savings on to our clients. Our services are competitively-priced, combining quality with affordability.
For maximum cost-efficiency, many of our clients use a dual-production strategy, keeping small subcomponent manufacturing overseas while having us produce larger components. Since we’re located near the ports of Los Angeles and Long Beach, we can easily pick up and unload overseas shipping containers for our clients. Many units of small subcomponents can fit in overseas shipping containers. This gives them a lower landed cost than larger components, while the large components we produce achieve low landed costs through our lean manufacturing strategies. Using this approach, we’ve been able to deliver landed costs to many Fortune 500 companies that are lower than what they’d be able to achieve, even in China.
By keeping our plastic injection molding in-house instead of outsourcing it, we also help contribute to the local, state, and national economy. Our production facilities are located in Baldwin Park in the San Gabriel Valley region of Los Angeles County. Our operations employ over 300 workers in the area, in addition to the contractors whose services we use for functions such as shipping. By supporting these workers, our in-house plastic molding operations support the domestic economy.
When you consider the higher quality, lower cost, and ability to support the domestic economy there shouldn’t be any question as to why we don’t outsource our plastic fabrication. These are also a few of the reasons our clients keep coming back to us for their plastic mold needs. If you need quality plastic molding done at a competitive price, contact UPM today to talk to our experts about your needs and get a customized quote.