PHILADELPHIA (Dec. 10, 11:15 a.m. ET) — Chemtura Corp. has entered into a joint development agreement with Caterpillar Inc. to develop new applications for construction and mining equipment, such as urethane tires, using Chemtura’s Duracast hot-cast urethane pre-polymer technology.
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.