JURUPA VALLEY, CALIF. (Dec. 21, 11:45 a.m . ET) — Plastic Innovations Inc. is barely a year old, but the California-based compounder already is growing. The company, which produces glass-filled grades of polypropylene, nylon and other resins, and is adding a fifth extrusion line and doubling its space.
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.