Inc. magazine has listed El Paso, Texas-based injection molder Plastic Molding Technology, Inc. (PMT) on its annual Inc. 5000 ranking of the nation’s fastest-growing private companies. PMT was the only El Paso-based company to make the list.
PMT ranks No. 4748 on the 2019 Inc. 5000, with a three-year revenue growth of 59%. According to Inc., the list represents a unique look at the most successful companies within a dynamic segment of the US economy – its independent small businesses.
“This achievement reflects the talent and focus of our team – a group that always rises to the next level when facing a challenge,” said PMT CEO Charles A. Sholtis. “PMT focuses on creating molding solutions for our business partners, and this ranking captured our renewed emphasis on using ingenuity and technology to achieve more.”
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, the list as a whole shows staggering growth compared with prior lists, according to Inc. The 2019 list achieved a three-year average growth of 454%, and a median rate of 157%. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years. Complete results of the Inc. 5000 can be found at www.inc.com/inc5000.
For more information, visit www.PMTinc.com.