TORONTO (Dec. 18, 3:35 p.m. ET) — The addition of thermoformed polystyrene and polyester packaging and molded tubs and lids to some municipal collection programs has boosted Canada’s plastics recycling rate by 24 percent in 2011. Experts predict it rise again in 2012, since Toronto and other communities started to recycle thermoformed packaging this year.
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.