Parker Precision Molding, Inc. Company Profile
Background
Parker Precision Molding, Inc., established in 1994 by Blake and Linda Parker, is a family-operated manufacturing company specializing in plastic injection molding and CNC machining services. The company is headquartered in Belle Vernon, Pennsylvania, approximately 20 miles outside of Pittsburgh. Over the years, Parker Precision Molding has expanded its offerings to include assembly, packaging for retail, and laser marking/labeling services, catering to a diverse clientele ranging from government entities and Fortune 1,000 OEMs to entrepreneurs seeking to bring their product ideas to market.
Key Strategic Focus
Parker Precision Molding's strategic focus centers on delivering high-quality, turn-key manufacturing solutions with an emphasis on:
- Core Objectives: Providing efficient production cycles, maintaining short lead times, and ensuring cost-effective solutions for clients.
- Areas of Specialization: Plastic injection molding, CNC machining, assembly, packaging, and laser marking/labeling.
- Key Technologies Utilized: State-of-the-art equipment for plastic injection molding and CNC machining, including Van Dorn-Trubor 55RS 55 Ton 3oz injection molding machine, Van Dorn-Demag ET-80 80 Ton 2oz injection molding machine, and Shinwa-Seiki DL-110 121 Ton 8oz injection molding machine.
- Primary Markets Targeted: Government agencies, Fortune 1,000 OEMs, and entrepreneurs across various industries.
Financials and Funding
As a privately held company, Parker Precision Molding does not publicly disclose detailed financial information. However, estimates suggest the company generates annual revenues between $500,000 and $1 million and employs between 1 to 10 individuals.
Pipeline Development
Specific details regarding Parker Precision Molding's pipeline development, including clinical trials or product development stages, are not publicly available. The company primarily focuses on manufacturing services rather than product development.
Technological Platform and Innovation
Parker Precision Molding distinguishes itself through:
- Proprietary Technologies: Utilization of advanced plastic injection molding and CNC machining equipment to deliver precise and efficient manufacturing solutions.
- Significant Scientific Methods: Implementation of quality control measures and efficient production cycles to meet client specifications.
Leadership Team
The leadership team comprises:
- Linda C. Parker: President
- Mitchell Parker: Vice President of Operations
- Maria Parker: Vice President
- Brian Perpar: Chief Operating Officer
- Sam Parker: Director of Quality Control
Collectively, they bring extensive experience in manufacturing operations, quality control, and business management, ensuring the company's commitment to quality and customer satisfaction.
Competitor Profile
Market Insights and Dynamics
The plastic injection molding and CNC machining industry is characterized by a diverse range of companies offering various manufacturing services. Key competitors include:
- Donatelle: Specializes in medical device manufacturing.
- Xometry: Provides on-demand manufacturing services across multiple industries.
- MGS Mfg. Group: Offers injection molding and contract manufacturing services.
- Dymotek: Focuses on injection molding and assembly services.
- Proto Labs: Provides rapid prototyping and low-volume manufacturing.
Parker Precision Molding differentiates itself through its family-operated ethos, personalized approach, and commitment to quality, appealing to clients seeking dedicated manufacturing partners.
Competitor Analysis
Parker Precision Molding's competitors vary in size and specialization:
- Donatelle: Revenue between $50 million and $100 million, specializing in medical device manufacturing.
- Xometry: Revenue between $100 million and $1 billion, offering on-demand manufacturing services.
- MGS Mfg. Group: Revenue between $100 million and $1 billion, providing injection molding and contract manufacturing.
- Dymotek: Revenue between $10 million and $50 million, focusing on injection molding and assembly.
- Proto Labs: Revenue between $100 million and $1 billion, specializing in rapid prototyping and low-volume manufacturing.
Parker Precision Molding's personalized service and commitment to quality position it as a competitive player in the market.
Strategic Collaborations and Partnerships
Specific details regarding Parker Precision Molding's strategic collaborations and partnerships are not publicly disclosed. The company emphasizes close relationships with its customers to provide components that exceed their requirements.
Operational Insights
Parker Precision Molding's operational strategy focuses on:
- Customer Relationships: Maintaining close relationships to deliver components that exceed client expectations.
- Quality Assurance: Utilizing state-of-the-art equipment and efficient production cycles to ensure high-quality outputs.
- Competitive Differentiation: Leveraging its family-operated ethos and personalized approach to stand out in the market.
Strategic Opportunities and Future Directions
Parker Precision Molding's strategic roadmap includes:
- Expansion of Services: Continuing to offer comprehensive manufacturing solutions, including assembly, packaging, and laser marking/labeling.
- Technological Advancements: Investing in state-of-the-art equipment to enhance manufacturing capabilities.
- Market Penetration: Targeting a diverse clientele, from government agencies to entrepreneurs, to expand market reach.
Contact Information
- Website: parkerprecisionmolding.com
- LinkedIn: Parker Precision Molding, Inc.
