NEWARK, DEL. (Nov. 29, 1 p.m. ET) — Invista’s Specialty Materials business said Nov. 27 that is has expanded its footprint by 20 percent at the company’s 60,000-square-foot Applied Research Center in Newark. According to the company, the expansion provides space and resources to allow the Invista team to collaborate better with customers, develop new products and applications, and further improve existing products.
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.