Minnesota Rubber & Plastics Breaks Ground on $7M Innovation Center in Plymouth
Plymouth-based Minnesota Rubber & Plastics broke ground Thursday on a project that will impact hundreds of businesses worldwide. State Rep. Ginny Klevorn, DFL-Plymouth, joined city leaders and workers for the ceremonial groundbreaking.
The company plans to build a $7 million innovation center right next to its Plymouth headquarters.
Minnesota Rubber & Plastics makes custom parts for a variety of applications, ranging from the medical device industry to filtration systems that provide clean drinking water. Company leaders say the future facility will reduce the time it takes to develop products from months down to weeks.
“We launch over 200 products and projects a year. So we’re very active in developing and launching things. And so if we can do it faster, we can do more,” said Jay Ward, CEO of Minnesota Rubber & Plastics.
The 76-year-old company employs more than 1,200 workers globally, including 100 in Plymouth. It also works with more than 700 customers worldwide, which includes Medtronic and General Motors. Its filtration customers include Delta, Moen and Kohler.
“No one customer is more than 4 percent of sales,” said Ward, “which means for us, we’re diversified.”