PHILLIPS-MOLDEX BUYS 3 PRESSES

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PUTNAM, CONN. — Phillips-Moldex Co. of Putnam has purchased three new 28-ton Arburg injection presses.

Phillips-Moldex produces precision gears and other components using a variety of specialty processes. The company currently operates 32 injection machines, four of which were delivered within the past year, according to Warren Wood, the company's vice president for manufacturing.

``The new machines are replacements for some older equipment,'' Wood said. ``It's part of our ongoing efforts to upgrade the molding equipment at this facility.''

Other upgrades include the purchase of a new Brown & Sharpe coordinate measuring machine, which will increase the precision of the company's products, Wood said.

Phillips-Moldex, formerly Moldex Inc., was created in April 1995 by C. Cowles & Co. of New Haven, Conn. Cowles, a metal stamping and fabrication concern, combined its former Phillips Manufacturing division with Moldex, closing Phillips' plant in Canton, Mass.

Phillips-Moldex employs 65 and has sales of between $7 million and $8 million, Wood said. The company operates presses ranging from 28-450 tons, with the majority in the 165-ton range. Those machines include three shuttle presses for insert molding and a two-shot press.