NORFOLK, VA. (Dec. 14, 1:45 p.m. ET) — Norva Plastics Inc., an 18-employee plastics distributor and fabricator owned by a guy who started out sweeping the floors in the mid-1970s, has become ground zero in the hot-button eminent domain debate. Howard Everton has won a multimillion-dollar court verdict. But he still plans to appeal to the Virginia Supreme Court — fighting for the right to keep his 70-year-old company at its current location.
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.