Company Overview
Engineered Plastic Components, Inc. (EPC) is a prominent player in the plastic injection molding sector, providing a comprehensive suite of products and services. The company is headquartered at 4500 Westown Pkwy, Suite 277, West Des Moines, Iowa, and operates multiple facilities across several states including Alabama, Indiana, Iowa, Kentucky, Michigan, Missouri, North Carolina, Ohio, South Carolina, Wisconsin, and also extends its presence to Reynosa, Mexico. EPC is dedicated to quality, leveraging cutting-edge equipment and a skilled engineering team.
Products and Capabilities
EPC specializes in diverse thermoplastic product design and manufacturing services, which include:
- Injection Molding and Two-shot Injection Molding
- Insert Molding and Over Molding
- Vacuum Forming, Cast Skin, and Urethane Foaming
- Comprehensive Painting and Surface Finishing
These services cater to a variety of industries such as automotive, commercial and consumer appliances, aerospace, agricultural equipment, and medical devices.
Company History and Growth
Founded in 1994 by Reza Kargarzadeh, EPC started with four injection molding presses and has expanded its operations to over 200 presses. This growth stems from both organic expansion and strategic acquisitions, establishing EPC as a leader in the manufacture of plastic components.
Leadership and Management
- Reza Kargarzadeh: As President and CEO, Reza leverages his extensive experience in plastic design and tooling, evidenced by several industry patents.
- Jeremy Wille: The Chief Financial Officer, responsible for overseeing the financial health and strategic financial planning of EPC.
- Josh Cyrus: Serving as the Vice President of Engineering, Josh brings over 25 years of experience focused on engineering innovation and optimizing operational processes.
Strategic Mission
EPC is committed to delivering world-class thermoplastic products by integrating innovative design and engineering methodologies with effective program management, ensuring the fulfillment of customer goals and expectations.
Industry Recognition
Renowned for its dynamic technical expertise, EPC offers premier product and tooling design services that assist clients in sustaining their leadership positions within their industries.
Competitive Landscape
Overview
EPC operates within a competitive landscape with key players such as Huf North America Automotive Parts Manufacturing, Currier Plastics, Plastic Molding Manufacturing, and Hino Motors Manufacturing USA, Inc. Additional notable competitors include PTI Engineered Plastics, Boom Industrial, Plastech, C&J Industries, and DealerBuilt - LightYear Dealer Technologies.
Key Competitors
1. Huf North America Automotive Parts Manufacturing Corp.
- Specializes in automotive components like car keys, door handles, and locking systems.
- Innovations in car access and authorization are notable, with an establishment dating back to 1908.
- Maintains a strong global presence with 17 R&D and manufacturing sites, achieving €1.2 billion in sales as of 2023.
2. Currier Plastics
- Located in Auburn, New York, focusing on custom injection and blow molding.
- Serves industries including healthcare, packaging, and consumer products.
- Claims a revenue of approximately $28.5 million, supported by 86 employees, with ISO 13485:2016 certification for medical manufacturing.
3. Plastic Molding Manufacturing (PMM)
- American manufacturer specializing in multi-material and technical products.
- Boasts 82 injection molding machines, with a revenue of approximately $58.8 million and employs 827 individuals.
4. AISIN Corporation
- Part of the Toyota Group, significant in automotive parts production.
- Reports consolidated revenue of $25.3 billion and employs over 115,140 people across 194 subsidiaries worldwide.
Industry Context and Competitive Insights
EPC's competitive environment is marked by a need for high-quality manufacturing and innovation in design. Competitors invest in advanced molding technologies, like injection and blow molding, stressing precision and efficiency. EPC faces competition from major players with vast financial resources and global networks, underscoring the importance of scalability and diversification.
Strategically, EPC can enhance its competitive position by boosting product innovation, expanding market presence, and adopting advanced manufacturing technologies. Engaging in strategic partnerships and alliances could further consolidate its market stance, especially in segments where certification and quality assurance are pivotal.
Engineered Plastic Components confronts a challenging industry landscape dominated by technically proficient firms with expansive reach and financial fortitude. Gaining insights into competitors' strategies and operations will be crucial for EPC to fine-tune its own strategies to fortify its market position and capitalize on emerging growth opportunities.
