DAVISBURG, MICH. (Updated Nov. 9, 3:15 p.m. ET) — Automotive thermoformer Corvac Composites LLC has bought an injection molding and thermoforming plant from D.A. Inc. of Charlestown, Ind., but will use the plant exclusively for thermoforming work. D.A. employs 13 at a 30,000-square-foot plant, making covers and interior parts for Toyota Motor Corp.
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.