HUMBLE, TEXAS (Aug. 10, 1:15 p.m. ET) — Fenner Advanced Sealing Technologies, part of Hessle, England, reinforced polymer specialist Fenner plc, has purchased American Industrial Plastics Inc., a firm that does precision machining of engineering resins and fluoropolymers.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.