WARREN, MICH. (Dec. 12, 1:15 p.m. ET) — New software startup Tool Stats aims to help toolmakers, molders and their customers streamline production by maintaining a central database of mold data. Warren-based Tool Stats provides cloud-based storage of key mold production information, which then allows multiple users to access that information anywhere at any time.
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.