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INNOVATION

We have committed considerable resources

to technical adaptations, changes and new

resins and molding compound products that

meet current industrial needs. The core of

Plenco’s research and development facilities

are two complete synthesis laboratories for

the production of prototype resins and ther-

moset molding products, respectively. Res-

ins and molding products are designed for

specific applications, process improvements

are scrutinized, and additives and curing agents

are blended to produce finished products.

This versatility facilitates the testing of specific

ideas, but more importantly, it enables the use

of experimental design and optimization tech-

niques. We have on the Plenco team some of the

brightest, most creative chemists and engineers

in the industry. Over the years, they have helped

us respond through innovation to changing

market demands and new product develop-

ments. Innovation is good business, and incredi-

bly important to our customers.

Part of our philosophy is to build lasting and

enduring individual relationships, based on

mutual trust, confidence and intelligent busi-

ness decisions. We are committed to building

these relationships with our employees, our

customers, our vendors, and our communities.

We always have been as honest as humanly

possible in building these relationships, which

we consider absolutely essential to maintaining

the strong foundation of the business.

Strong relationships translate into team work.

They make innovation possible. They encourage

long-range thinking. And they draw on input

from all of us. Strong relationships mean we all

are pulling together in the same direction.

Pillar I

RELATIONSHIPS

FINANCIAL RESPONSIBILITY

LONG-RANGE VIEW

Plastics Engineering Company is a fiscally and

socially responsible, family-run business that

focuses on long-term sustainability, rather

than short-term profits. We intentionally have

avoided the debt pitfall that today plagues

so many businesses and industries. Recent

economic crises largely have been caused by

too much debt. Other U.S. corporations now

facing serious financial problems have relied on

borrowed money to finance their expansions

and in some cases their operations. Our

objective never was to be the biggest. Our goal

was to be the best. Consequently, we refuse

to gamble employees’ jobs and the future of

this company on the need to drive quarterly

earnings at all costs or the uncertainties of the

credit markets.

One of the advantages of a company such as

Plenco is that it maintains a keen interest in

the future. It can look over the horizon, down

the road, to anticipate, we hope, the twists and

turns of the economic, political and social land-

scape. We are not obsessively concerned about

quarterly profits for some anonymous sharehold-

ers who have little interest in the future of the

company and its partners, other than a short-

term return on investment. Rather, we take the

longer-range view of corporate management,

allowing greater possibilities for innovation

and creativity. A longer-range perspective allows

consideration of new products and new ways of

doing things. It brings out the “best practices” in

everything from technology to global markets to

employee benefits.

Plenco’s Four Pillars Of Management Principles

Pillar II

Pillar III

Pillar IV

7

PLENCO CSR Initiative