COLUMBUS, OHIO (Dec. 14, 4:50 p.m. ET) – Pexco LLC is closing its West Columbia, S.C., plant and selling its extruded sheet-related assets to Plaskolite Inc. The 168,000-square-foot plant, which has 147 full-time workers, will shut down in 2013. The plant was part of Southern Plastics, a company that was founded in 1940 and part of Pexco since 1970.
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.