Crescent Industries planning to upgrade clean room, mold-making facilities
Injection molder and mold maker Crescent Industries Inc. is making plans for a multimillion-dollar improvement project at its New Freedom facility to help it keep ahead of competitors, officials said. Crescent has positioned itself in the medical, dental, defense and aerospace industries, which have all remained strong despite the recession. But the strength of those industries also means that other molders now are emphasizing work in those fields, which increases the number of Crescent’s competitors. The extent of the improvements will depend on whether Crescent is successful in its bid to borrow up to $5 million in tax-exempt financing through the York County Industrial Development Authority. The firm hopes to get its answer by mid-March and begin work in the summer.