At Fakuma, Mold-Masters reports solid growth

By Don Loepp
Editor

Published: October 16, 2012 6:00 am ET

Related to this story

Topics Molds/Tooling

FRIEDRICHSHAFEN, GERMANY (Oct. 16, 4:10 p.m. ET) — Executives at Mold-Masters Ltd. might wonder what all the fuss is about the economy, as the company is experience strong growth in 2012 — just not as fast as the company saw in 2010 and 2011.

“We’ve had a great year in 2012, just a little different from 2011,” said Patrick Bennett, president of the company’s European operations.

Without getting specific, he said the Georgetown, Ontario-based supplier of hot-runner technologies and systems experienced growth in the neighborhood of 20 percent in 2010 and 2011, as customers recovered from the Great Recession.

“There was pent-up demand, tools that were aging and needed to be refreshed,” Bennett said in an interview following a news conference at the Fakuma trade show, held Oct. 16-20 in Friedrichshafen. Some companies that had held off on introducing new products picked up the pace starting in 2010.

Growth in 2012 has been in the double digits - - still strong, just not at the same pace, Bennett said.

A key question that suppliers have been hearing at Fakuma is about their expectations for 2013. To be sure, with a slowdown in China’s economy, potential for trouble in Europe, and a U.S. Presidential election, many companies are taking a cautious approach.

As for Mold-Masters, Bennett said the company only looks ahead about three to six months. And the future in the near term is strong.

“Our customers are full,” he said. The automotive market is still seeing strong growth, packaging is doing well, and consumer products are a bright spot – one of the company’s biggest markets in Asia is molders who supply Apple Inc.

Mold-Masters reported strong results for a product it introduced earlier this year at NPE in Orlando, Fla. – Iris coinjection technology.

Iris allows packaging injection molders to make closures with an integrated barrier, replacing glass and metal in some applications that have resisted the appeals of plastics – as well as multi-layer thermoformed containers.

And not all of the applications have been in packaging. Another that he cited: pre-filled syringes.

Bennett also reported that Mold-Masters has already shipped 100 E-Multi units since that product's introduction.

Mold-Masters introduced several new products at Fakuma, including:

• Melt-Cube, a linear side gating system that allows for 20 percent higher pitch density than circular systems and an additional temperature control zone at the gate.

• Sequential valve gate controllers that can control the order and timing of cavity fill for valve-gated hot-runner molds.

• A dual-zone addition to its MT range of temperature controllers, designed primarily for use with hot sprue bushings or similar hot-runner applications.


Comments

At Fakuma, Mold-Masters reports solid growth

By Don Loepp
Editor

Published: October 16, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Extreme Tool uses remote Michigan location to attract younger workers

September 30, 2014 3:47 pm ET

“I'm not saying there's anything wrong with being an old guy like me. But I do believe in the power of youth and reinvesting in training. The...    More

Image

Ewikon, Gammaflux form private-label partnership

September 23, 2014 2:47 pm ET

German hot runner manufacturer Ewikon GmbH is forming a private-label partnership with Gammaflux LP, Ewikon announced at a Technology Day held Sept....    More

Image

Chinese mold makers say they don't worry about reshoring trends

September 23, 2014 12:05 pm ET

Reshoring may be a hot topic in U.S. manufacturing circles, but the mid-level and small players putting in appearances at this year's AsiaMold in...    More

Image

Hong Kong's TK eyes expansion, may buy Nypro Tool operation

September 19, 2014 2:49 pm ET

Hong Kong-based mold maker and plastics processor TK Group (Holdings) Ltd. said it's reached a tentative agreement to buy a tooling factory in...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events