​Adams and York County-based manufacturer Covington Plastic Molding recently expanded by purchasing its third facility, a $1.39 million property in West York, financed in part by a $595,000 low-interest loan arranged through Adams Economic Alliance and the state’s Pennsylvania Industrial Development Authority (PIDA), according to an alliance release. “Manufacturing is a well-established industry with deep roots in South Central Pennsylvania, and it’s extremely rewarding to see continued growth in manufacturers’ innovation and ingenuity, such as Covington’s, sparked by the facilitation of a PIDA loan,” said Kaycee Kemper, alliance vice president.
A $595,000, 15-year low-interest (3.5%) loan processed through the Alliance’s Adams County Economic Development Corporation (ACEDC) and PIDA, in partnership with ACNB Bank, assisted Covington’s co-owners, brothers James and Scott, in purchasing a 65,000-square-foot warehouse at 1601 W. King St., located in West York borough. It’s located one block from Covington’s York-based production facility. The company’s flagship location is in New Oxford, according to the release. Covington Plastic Molding produces plastic injection molded parts for numerous industries including retail, medical, electrical, sporting goods, transportation and military. The company was founded in 1998 by James and Scott Covington, as well as their father Steve who has since retired. Driven in large part by the company’s production of key components utilized within computer server networks, Covington’s business has doubled in the past five years. Another high-volume customer is a national drug store company, for which Covington produces more than 1.5 million plastic snap-together picture frames, annually. Expansion into the West York facility initially provides storage space, as well as future production areas. Portions of the building date back to the early 1900s. “One of the big drivers the PIDA loan has, that makes it advantageous, is the interest rate,” said Scott Covington. “It’s about half of what you’d get through a commercially-available loan. When you’re talking about a purchase of this size, percentage points make a big difference.” The loan marks the 152nd low-interest PIDA business loan facilitated by ACEDC. In total, the alliance has now facilitated financing to more than 200 Adams County businesses throughout its history, generating a grand total of nearly $430 million in financing. ACEDC is certified annually by DCED in order to process and administer loan and grant programs for Adams County’s businesses including those in the agricultural sector. Kemper encourages Adams County business owners, as well as aspiring entrepreneurs, to contact her regarding potential loan and grant opportunities. Kemper can be reached at the alliance at 717-334-0042, ext. 2.

(The Circle, Q3, July 2020) - Covington Plastic Molding, a plastic injection molding manufacturer located at 10 S. Bolton St., New Oxford, has expanded their operations. The business recently purchased an additional building located just off of Hokes Mills Rd. in West York. The location will be used for increased operations as well as additional storage. Owners James and Scott Covington have been working to grow the business for several years now. They are excited for this opportunity to use their skills and background to have a positive local impact. James and Scott continue to maintain high ethical standards in all aspects of their business. Covington Plastic Molding was founded by Scott, James and Steve Covington in 1998. Since then, they have increased their production capacity several times, adding a range of machinery and services to fit their customers’ needs. The latest addition of three higher-tonnage plastic injection molding machines at their new location will allow them to produce larger parts.