Owings Patterns Inc. is moving full steam ahead with a major investment in machinery as company officials are confident in the future.
Sellersburg also expressed confidence in the manufacturing operation this week, as the town council OK’d an abatement on Owings’ new in-line thermoforming machine. The machine cost $445,000 and could last up to three decades with proper maintenance.
“We appreciate the Town of Sellersburg considering our request and anticipate support and value-add Owings Patterns provides to the community to continue for years to come,” said Bob Owings, president of Owings Patterns.
The company was founded in 1975 by James R. Owings Jr., Bob Owings’ father, and it moved to Sellersburg in 2011.
The unique part about the investment is that it’s based on the company’s confidence in future business. The company uses smaller versions of the in-line thermoforming machine, but is in the process of attracting new clients to start full-time use of the new equipment.
As Johnny Pace, a technical sales employee with Owings Patterns, described it during a tour of the facility Friday, the investment is somewhat of a chicken-and-egg situation. Instead of waiting until the demand forces the company to purchase new equipment, Owings Patterns made the investment and is actively recruiting more business.
“Luckily for us, Bob is a very progressive, forward-thinking business man,” Pace said.
“We have a very aggressive growth plan over the next five to 10 years.”
The company employs 22 people, and once work ramps up with the new, Soncorpwhite series 2500 thermoformer, Pace said at least one or two new jobs will be immediately added. That increase in production will then likely lead to more jobs in sales and accounting, he continued.
“It’s a domino effect,” he said.
Owings Patterns is a dynamic business in that serves about a dozen types of industries. Food, outdoor recreation, auto, agriculture and electronics are among the sectors that purchase products from the company.
During the pandemic, Owings Patterns has partnered with Maker 13 to help produce thousands of face shields.