Plastech

  www.plastecheng.com
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1 Employee Reviews (View Most Recent)

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Not bad, but its gone now

Intern (Former Employee) Dearborn, MI

ProsPlastech was a fast growing company that offered interns a very complete experience in various departments. In sales we had a great time.

ConsApparently the company was over leveraged, and went bankrupt long before even Chrysler and GM did. It thought it could keep growing through debt financed acquisitions and aggressive price cuts, but the low pricing improved market share without boosting volumes as the overall industry contracted.

Advice to Senior ManagementFirst and foremost the company simply needed a strong CFO who could manage the company's liquidity position and overrule management's aggressive expansion plans.

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