3/10/2014 | 2 MINUTE READ

Tech Molded Plastics receives Top Honors in the Plastics Industry

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Tech Molded Plastics, Inc. from Meadville, PA was presented with the top honor as the Processor of the Year.

Members of the family-owned business were on hand to receive the Processor of the Year award on-behalf of the company. Brothers Scott, Mark and Doug Hanaway accepted the award, as well as their mother, Eva. "It's an incredible honor to have been selected as the award winner in an international field of peers," stated Mark Hanaway in the acceptance address.

"We are a second generation business that started on bare floors that were built with bare hands." Mark added, "The role models that we had in our lives exemplified the value of working hard. Our parents started living their American dream in 1973 with four young children, very little money, and a lot of motivation." Mark went on to credit the company's success to the core values handed down by their parents and the talented team of skilled professionals that make up their workforce.

Tech Molded Plastics celebrated its 40th year in business in 2013, and today, the company stands out as a leader in the competitive plastics and mold manufacturing industry. Now Tech Molded Plastics stands out on a larger stage, as winner of the Processor of the Year Award. The molder and mold-maker scored high marks from the judges on all the criteria, and was especially strong in four of the categories audited: financial performance, employee relations, technology and industry and public service. The Processor of the Year Award started in 1996 and has featured companies large and small that exhibit best in practice performance.

The family including; Scott, Doug, and Rusty are each toolmakers with a strong hands-on background. Mark went to college, studying business and organizational communications, accepting a career move into the banking industry in North Carolina. When their father died in 1998, he decided to return and help support the company's mission. Scott has been the CEO since the early 1990's. Mark and Doug are vice presidents. Youngest brother Rusty had started his own successful venture, EnviroTech Restoration, llc., prior to his untimely passing in 2011.

All three credit their parents for their values and direction in life. "If you wanted something, you had to earn it. As kids, paper routes, shoveling snow and lawn care for neighbors provided the means for the things we otherwise couldn't afford," said Doug. "Our parents were self-taught and worked through the hours that most people consider their down time. They expected the same of us." While starting the tooling business, Bill and Eva also ran a side business with a used backhoe to dig footers and septic systems in the area.

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

Tech Molded Plastics, Inc. was founded by William and Eva Hanaway. Tech celebrates over 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. Tech employs over 120 people in functional areas of design, engineering, mold making and molding operations. The company runs 32 injection molding machines, with clamping forces topping out at 440 tons.

To read more about Tech Molded Plastics, visit www.ttmp.com.

Tech Molded Plastics, Inc., located in Meadville, Pennsylvania, is an ISO 9001:2008 certified injection molded plastics company that supplies full-service injection mold design & development, precision mold tooling, custom injection molding, and integrated packaging & assembly to the medical, automotive, consumer, electronics, and aeronautics industries.