9 / 54
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