NEW ALBANY, OHIO (Dec. 21, 12 p.m. ET) — Blow molder Axium Plastics LLC is planning an $8.9 expansion at its New Albany plant. The company is building a 900,000-square-foot addition to its Ohio facility, said Scott McAfee, a spokesman for the city of New Albany.
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.