TECATE, MEXICO (Oct. 5, 2:05 p.m. ET) — Formula Plastics Inc. is upgrading injection molding capabilities, adopting lean manufacturing processes and experiencing growth under a new leader. President Alexander Mora wants everyone at the business to think lean. "The sooner we accomplish this, the sooner we can begin to grow and become more successful," he said.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
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