LIVONIA, MICH. (Dec. 26, 11:05 a.m. ET) — Toolmaker and processor Proper Group International Inc. has signed agreements with two companies that develop technologies for rapidly heating and cooling mold surfaces. Proper Group Vice President Joe Grippe is working with RocTool, of France, and Germany-based Single Temperiertechnik GmbH. RocTool uses induction to rapidly heat the mold surface, then cool it down quickly with water. Single does that by cycling between hot and cold water or oil.
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.